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LONDON (Alliance News) - Feedback PLC on Thursday said it expects to post a loss for the year ending May 31 on investments made in Cadran division, but revenue is expected to grow significantly in the period.
The medical imaging technology company said investment in new hires for Cadran - which offers archiving storage for medical images - has increased the cost base. The company said the benefits of this investment will not be realised until the next financial year, resulting in loss in its current financial year.
In addition, Feedback signed an agreement with Future Processing in January to accelerate its medical technology development and innovation.
The company has also initiated a strategic review of the business, which is currently underway, following the appointment of Tom Oakley as chief executive in the beginning of April.
Feedback shares were trading 5.9% higher on Thursday at 0.90 pence each.
