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Pin to quick picksFeedback Share News (FDBK)

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TRADING UPDATE: Insig AI pretax loss widens; Feedback revenue to jump

Mon, 19th Dec 2022 14:53

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Insig AI PLC - London-based data science and machine learning company - Pretax loss in the six months that ended September 30 widens to GBP2.8 million from a loss of GBP844,194 a year before. Revenue grows 6.5% to GBP953,563 from GBP895,750 the prior-year. Operating loss widens to GBP2.6 million from GBP458,320 after charging depreciation and amortisation of GBP1.4 million. Chief Executive Colm McVeig says: "Despite an increasingly difficult macroeconomic backdrop and with us taking a cautious approach, we anticipate growing revenues throughout 2023."

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Feedback PLC - London-based medical imaging software company - Says trading in the six months to November 30 was in line with board and market expectations. Revenue for the period is expected to multiply to GBP600,000 from GBP200,000 a year before. Cash and cash equivalents are expected to drop by 19% to GBP9.2 million from GBP11.4 million the prior-year. Company says it continues to discuss contracts with potential partners across NHS Trusts and Community Diagnostic Centres, and is working on pilot programmes in India. Feedback remains confident in continued growth for the remainder of the financial year.

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The Income & Growth VCT PLC - London-based venture capital trust - Net asset value total return in the year ended September 30 falls by 8.7%, compared to a gain of 51% a year before. Says this comprised of unrealised falls in the value of investments still held, tempered by the successful exits from Media Business Insight and Vian Marketing Ltd. NAV per share was down to 83.73 pence at September 30, from 100.45p a year ago. Declares two interim dividends of 4.00p per share, totalling 8.00p. Dividends received in the year were up to GBP1.2 million from GBP690,000 the prior-year.

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Thruvision Group PLC - Abingdon, England-based people-screening technology firm - Pretax loss in the six months that ended September 30 narrows to GBP1.9 million from a loss of GBP2.0 million a year before. Revenue jumps 41% to GBP2.8 million from GBP2.0 million the prior-year. Profit Protection product revenue was unchanged at GBP1.0 million. Chief Executive Colin Evans says: "With our unique offering and the traction we have gained in our two core markets, Customs and Profit Protection, we expect to deliver strong growth and achieve our objective of breaking even this financial year."

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By Jaskeet Briah, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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14 Feb 2019 11:06

Feedback Unit Appoints NHS Fellow Oakley As Chief Executive

LONDON (Alliance News) - Feedback PLC on Thursday said unit Feedback Medical Ltd appointed Tom Oakley as chief executive officer.Feedback shares were trading up 1.8% at 1.17 pence on in the

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24 Jan 2019 15:42

Feedback pleased with first-half progress

(Sharecast News) - Specialist medical imaging technology company Feedback issued its unaudited half-year results for the six months ended 30 November on Thursday, reporting a 22% increase in invoiced sales year-on-year to £0.27m, due to new sales progress.

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24 Jan 2019 09:23

Feedback Interim Loss Deepens On Software Investment, Revenue Rises

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29 Nov 2018 15:43

Feedback Annual Sales Rise But Loss Widens On Higher Operating Costs

LONDON (Alliance News) - Medical imagine company Feedback PLC on Thursday reported a widened loss in its most recently ended financial year on increased operating expenses.For the financial

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25 Oct 2018 12:59

Feedback Raises GBP1.4 Million Via Share Placing And Subscription (ALLISS)

LONDON (Alliance News) - Medical imaging technology company Feedback PLC said Thursday it raised GBP1.4 million via a placing and subscription of 91.7 million shares.The company issued the

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25 Oct 2018 10:34

Feedback raises £1.4m to fund regulatory and expansion costs

(Sharecast News) - Medical imaging specialist Feedback has conditionally raised £1.37m at a placing and subscription offer priced at 1.5p per share.

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22 Oct 2018 14:11

Feedback gets several major orders for 'TexRAD' technology

(Sharecast News) - Specialist medical imaging technology company Feedback announced on Monday that its operating company, Feedback Medical, has received "a number" of significant new orders for 'TexRAD', its patented image texture analysis technology, from university hospitals across Europe.

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22 Oct 2018 10:58

Feedback Medical Unit Secures Orders For TexRAD Technology In Europe

LONDON (Alliance News) - Feedback PLC on Monday said unit Feedback Medical Ltd has secured a number of orders for image texture analysis technology TexRAD.The orders were secured from with

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3 Oct 2018 09:27

Feedback Annual Revenue Rises 51% But Loss To Widen On Costs

LONDON (Alliance News) - Feedback PLC said Wednesday its annual sales increased 51% due to investment in recruitment and trading, though it does expect its loss to widen.Shares in the were

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3 Oct 2018 08:18

Feedback losses widen despite improved sales

(Sharecast News) - Medical imaging technology outfit Feedback saw its invoiced sales soar in its last trading year as a result of increased investment in its employees, although the move also resulted in wider full-year losses.

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10 Sep 2018 10:54

Feedback Wins TexRAD Order From Samsung Medical Centre In Seoul

LONDON (Alliance News) - Medical imaging firm Feedback PLC said Monday it had received an order for its radiology texture analysis technology from the Samsung Medical Centre in Seoul, South Ltd -

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15 Aug 2018 12:28

Feedback's TexRAD reaches India after first GE Healthcare order

(Sharecast News) - Medical imaging technology firm Feedback's operating company Feedback Medical on Wednesday received its first order via GE Healthcare for its patented image texture analysis technology TexRAD.

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15 Aug 2018 10:40

WINNERS & LOSERS SUMMARY: Admiral Rises After Strong Half-Year Results

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15 Aug 2018 10:23

Feedback Shares Surge As Secures First TexRAD Order From Indian Client

LONDON (Alliance News) - Feedback PLC on Wednesday said its subsidiary has secured its first order for image texture analysis technology TexRAD via GE Healthcare.The stock was trading 24% a

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20 Jul 2018 10:28

WINNERS & LOSERS SUMMARY: Beazley Sinks As Interim Profit Drops 64%

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 1.5%. The Anglo-Dutch consumer goods firm it

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