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Delayed purchases hurt LiDCO at year-end

Mon, 08th Feb 2016 14:52

(ShareCast News) - LiDCO was still facing challenges at the end of the financial year, as a number of customers slid large orders through past 31 January.The AIM-traded cardiovascular monitoring company said that, while it had a stronger second half, total revenues for the full year were lower than expected due to the timing of capital monitor purchases - a number of which slipped into the current financial year.Total revenues for the full year were expected to by £7.6m, down from £8.3m in 2015, with total disposable sales of £4.8m (2015: £5m) and monitor sales of £0.8m (2015: £1.3m).LiDCO remained cash flow positive for the year, with year-end cash balances of £1.59m - up from £1.51m a year earlier - and was still debt-free."Since taking over as CEO six months ago, my key objective has been to transition the business onto a sustainable growth trajectory", said chief executive Matt Sassone.He said the company had made good progress in restructuring and focusing its sales resource, and believed there remained large opportunities for LiDCO technology globally."Our immediate focus is on closing the large capital pipeline and delivering on the strategic activities that I detailed at the interims", he added.Looking ahead, the company's board said LiDCO had developed substantial pipelines in both the UK and US markets.LiDCO was due to announce its final results on 12 April. At 0905 GMT, its share price was down 3.64% to 6.62p.
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18 Apr 2011 14:09

Sector movers: Reckitt recovers

Reckitt Benckiser is boosting the household goods sector higher, recovering from last week's sell-off. The group - which owns the Cillit Bang brand - saw its share price take a beating on Thursday after it announced the retirement of chief executive officer Bart Becht. Meanwhile, the health care

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18 Apr 2011 07:46

UK sales surge at LiDCO

Heart monitoring equipment supplier LiDCO said annual revenue increased by 16% while sales in the UK jumped 29%. "Evidence for, and awareness of, the benefits of LiDCO's technology are growing stronger," the group said in a company statement. LiDCO said it traded profitably in the second half. For

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24 Feb 2011 16:06

Round-up: Kier, Balfour Beatty, Lidco...

Growth in its construction arm helped housebuilder and contractor Kier lift half-year sales by 9% to £1.1bn. On a like for like basis, underlying profit before tax grew by 26% to £31.3m. Pre-tax profits came in at £29.6m, up from £16.7m with the interim dividend up by 8% at 20p. Balfour Beatty has

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27 Oct 2010 06:43

Wednesday tips round-up: Arm, Pearson, Braemar Shipping...

When your shares are trading on more than 45 times' this year's earnings, a degree of investor nervousness is inevitable. So yesterday's plunge in ARM Holdings was more a case of the market trying to find reasons to sell and take some profits. ARM investors have had to live with sky-high valuations

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2 Jul 2010 08:04

Small caps: LiDCO, Green Compliance, Invista Foundation

Heart monitoring equipment group LiDCO has received accreditation from the Royal College of Nursing for its LiDCOplus monitor competency based study day. Dr Terry O'Brien, CEO of LiDCO, commented: "With the completion of the pre-course material, this full day off-site program provides nine hou

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25 Feb 2010 13:24

Small caps: Fiberweb, Offshore Hydro, Clyde Process.......

Textiles group Fiberweb has refinanced its $400m loan facility with a new loan facility of £210m that matures in July 2013. As a result, cash interest costs will increase by £3m in 2010 over previous expectations. In addition, there will be non-cash amortisation charges of £3m in each of 2010 and

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29 Oct 2009 10:52

Small caps round-up: e2v, Namakwa Diamonds, Instore ...

Electrical component maker e2v technologies posted a sharp fall in revenues in the six months to September 30 but managed to stay profitable by cutting costs in areas such as marketing and travel. Pre-tax profits fell to £2.6m from £3.1m over the same period the previous year as revenues slid to £9

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20 Aug 2009 06:31

Thursday's tips round-up: Hochschild, FirstGroup, ENRC

The mining sector has become something of a dangerous place to put your money in recent months, with the industry having to contend with volatile prices, merger speculation and grumpy Chinese buyers. With Hochschild, at least punters avoid some of these hazards. Further cost savings are expected, an

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19 Aug 2009 17:14

London close: Late rally leaves Footsie little changed

Share prices of London's leading stocks closed mixed, thanks to a late rally, after the market had spent most of the day in retreat. ENRC was the day's star performer despite reporting a 63% slide in pre-tax profits for the first half of 2009. The dividend has been cut in half but investors were e

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19 Aug 2009 14:14

London afternoon: Lloyds provides some cheer

The bears are back in command today with the blue-chip index in the red, though the size of the decline has been exacerbated by a number of index constituents trading in ex-dividend form. Former Bank of Ireland governor Richard Burrows is to be the new chairman of Lucky Strike maker British Americ

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19 Aug 2009 11:54

London midday: Shares stable at lower levels

Equities are back on the slide again today with little hope of a boost from the other side of the Atlantic where the Dow Jones 30 is expected to open around 80 points lower. ENRC is a bright spot despite reporting a 63% slide in pre-tax profits for the first half of 2009. The dividend has been cut

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19 Aug 2009 11:36

Sector movers: LiDCO gives health care equipment a boost

The health care equipment sector received a shot in the arm from news that heart monitoring equipment supplier LiDCO is on track to deliver a maiden profit in the coming full year. The company said it has shown a strong sales performance during the six months ended 31 July and expects revenues to

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19 Aug 2009 09:45

Lidco expects maiden profit

Shares in Lidco advanced on news that the heart monitoring equipment supplier is on track to deliver a maiden profit in the coming full year. The company said it has shown a strong sales performance during the six months ended 31 July and expects revenues to be significantly higher than in the firs

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21 May 2009 12:16

Small cap round-up: Advanced Computer, ECO, Panmure Gordon...

Advanced Computer Software has raised £43.75m through a placing at 30p per share. The cash will help fund acquisitions keen to become the leading consolidator in the primary care IT market. ACS has identified further complementary businesses to acquire and the funds raised in the placing will ena

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