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Pin to quick picksIxico Share News (IXI)

Share Price Information for Ixico (IXI)

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Share Price: 7.375
Bid: 7.25
Ask: 7.50
Change: 0.00 (0.00%)
Spread: 0.25 (3.448%)
Open: 7.375
High: 7.375
Low: 7.375
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Ixico jumps as new contract wins help to slash losses

Tue, 04th Dec 2018 08:21

(Sharecast News) - Data analytics outfit Ixico leapt on Tuesday after narrowing its full-year loss and increasing revenue by securing £15m of new and expanded multi-year client contracts.For the year ended 30 September Ixico, which assists pharmaceutical companies with analysis of data from brain scans and other procedures, achieved revenue at actual exchange rates of £5.4m, an increase of 32% over the prior year, thus reducing its loss before tax and operating loss from £1.9m to £0.8m across the same time frame.With £15m of new and expanded multi-year client contracts won the company achieved record revenue in its core imaging business.Ixico cited increased project volumes, improved productivity and cost control as the drivers behind a reduced EBITDA loss of £0.6m, down from £1.4m, while gross margins increased to 58.8% from 56.4%.Chief executive Giulio Cerroni said: "2018 has been another year of significant progress in which we have delivered on our financial commitments, whilst continuing to invest in the long-term future of the company. We have reported record revenues with underlying growth of 41%, further improved gross profit performance and reduced operating losses."Cash and cash equivalents at the year-end stood at £7.9m, up from £2.4m at the same point the year before, after the company completed a placing of £5.5m and achieved neutral operating cash flows.Ixico said in a statement that the funds from the placing will be used to invest in people, products, processes and IT infrastructure needed to further accelerate its commercially-led growth strategy."With a successful capital placing to invest in new market and product development, we go into the new financial year with increased commercial traction, ambitious growth plans and a strengthened organisation focused on delivering technology-driven data analytics to our global biopharmaceutical clients," said Cerroni.The AIM-traded company continued the good momentum post-year-end, with the extension of a contract with a top 10 pharmaceutical giant, which has increased in value from $2.7m to $5.1m over a six-year period to cover a significantly higher number of patients at various international study sites. Ixico uses technology to help select include patients for clinical trials and to assess the safety and efficacy of new drugs in development.Ixico's shares were up 19.15% at 28.00p at 0829 GMT.
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15 Apr 2024 14:25

Ixico inks supply agreement with Life Molecular Imaging for Neuraceq

(Alliance News) - Ixico PLC on Monday said it has signed a supply agreement with Life Molecular Imaging GmbH, in a deal the company says will complement its "well-established PET imaging services and image data analytics".

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15 Apr 2024 09:31

Ixico inks supply agreement with LMI

(Sharecast News) - Analytics company Ixico has inked a supply agreement with Life Molecular Imaging that will see it supply that latter's Neuraceq Amyloid PET tracer for use in pharma-sponsored clinical trials.

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3 Apr 2024 12:08

IN BRIEF: Ixico inks collaboration with IMEKA Solutions

Ixico PLC - neuroscience focused advanced analytics company - Collaborates with IMEKA Solutions Inc, to provide access to Imeka's suite of services for white matter imaging deployed in Alzheimer's disease and multiple sclerosis clinical trials, amongst other CNS indications. Says Imeka's diffusion MRI algorithms will be made available to Ixico's global biopharma clients.

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13 Mar 2024 12:39

Ixico shares fall 20% as revenue to decline, hit by delays to projects

(Alliance News) - Ixico PLC shares dropped sharply on Wednesday, after it said delays to projects will result in lower annual revenue.

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13 Mar 2024 12:25

Ixico warns on 2024 revenue amid contract delays

(Sharecast News) - Medical imaging analytics company Ixico said in a trading update on Wednesday that, despite ongoing progress in expanding its opportunities pipeline, the first half of 2024 had been marked by extended contracting cycles and delays in securing certain new contracts.

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13 Mar 2024 11:12

AIM WINNERS & LOSERS: Woodbois rises as plots Mozambique exit

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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13 Mar 2024 08:51

LONDON MARKET OPEN: FTSE 100 slips but CAC and DAX hit record highs

(Alliance News) - European equities kicked off Wednesday largely on the front foot, picking up the baton after US stocks resumed an "inexorable march" on Tuesday, after shaking off a hot US inflation reading.

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18 Jan 2024 16:29

UK shareholder meetings calendar - next 7 days

Friday 19 January 
Cardiff Property PLCAGM
Character Group PLCAGM
Focusrite PLCAGM
Substrate Artificial Inteligence SAGM re investment agreement and issue of equity
Monday 22 January 
Highcroft Investments PLCGM re de-listing from LSE and relisting on TISE
Smart Metering Systems PLCGM & court meeting re takeover by funds advised by KKR
Tuesday 23 January 
C4X Discovery Holdings PLCAGM
Marston's PLCAGM
Mitchells & Butlers PLCAGM
Wednesday 24 January 
Henderson Far East Income LtdAGM
Lowland Investment Co PLCAGM
Tracsis PLCAGM
Thursday 25 January 
Alteration Earth PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Ixico PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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12 Jan 2024 15:51

Ixico CEO to step down by end of year

(Sharecast News) - Medical imaging analytics company Ixico announced on Friday that its chief executive officer Giulio Cerroni planned to retire from his position, and as a director, by the end of 2024.

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12 Jan 2024 10:16

Ixico CEO Cerroni to retire by end of 2024; starts succession search

(Alliance News) - Ixico PLC on Friday said that Chief Executive Officer Giulio Cerroni will retire from his role by the end of 2024.

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5 Dec 2023 14:31

EARNINGS AND TRADING: Ixico revenue falls, Solid State boosts profit

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

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29 Sep 2023 14:19

EARNINGS AND TRADING: Barkby revenue dips; Ixico hurt by trial delays

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

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29 Sep 2023 13:08

Ixico full-year earnings could slightly exceed forecasts

(Sharecast News) - Advanced medical imaging analytics specialist Ixico said in an update on Friday that its earnings for the financial year would either meet or exceed market predictions, even though it faced a minor revenue shortfall.

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18 Jul 2023 16:55

TRADING UPDATES: Andrada raises GBP7.7 million; Ixico signs contract

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

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14 Jun 2023 14:17

Ixico awarded new £2m, four-year contract

(Sharecast News) - Medical imaging and analytics specialist Ixico has been awarded a new contract by an existing client, it announced on Wednesday, to provide imaging services for the extension study of their phase 2b trial for Huntington's disease (HD).

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