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Share Price Information for Surgical Innovations (SUN)

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Share Price: 0.45
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Surgical Innovations sees 'significantly stronger' second half

Mon, 14th Jan 2019 14:39

(Sharecast News) - Surgery technology designer and manufacturer Surgical Innovations Group updated the market for the year ended 31 December on Monday, reporting that trading was "significantly stronger" in the second half, resulting in group revenue for the full-year of around £11m.The AIM-traded firm said that represented growth of approximately 25% over 2017, with underlying revenue growth - adjusted for the effect of the acquisition of Elemental Healthcare in August 2017 - of around 8%.Gross margin was within the board's target range, and the resulting increase in profit before tax was anticipated to be in line with board expectations and market consensus."The Group continued to be cash generative, with closing net cash balances of approximately £0.36m, compared with net debt at the start of the year of £0.73m," the Surgical Innovations board said in its statement.Surgical Innovations said its audited results for the year ended 31 December would be released in mid-March.
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10 Sep 2013 08:17

Tuesday broker round-up UPDATE

African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As

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16 Aug 2013 08:44

Surgical Innovations triples profits in first half

First half profits have more than tripled at keyhole surgery equipment maker Surgical Innovations as many UK hospitals convert to using its products. The AIM company said revenues for the six months to end-June were 28% ahead of the same period last year at £3.88m, with profit before tax for the p

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10 Jun 2013 08:45

Pilot test of Surgical Innovations' hip arthroscopy product positive

Surgical Innovations Group (SI), the AIM-listed designer and manufacturer of solutions for minimally invasive surgery, has reported that pilot testing for its prototype port access products for hip arthroscopy on a cadaver has concluded successfully. Hip arthroscopy is a surgical procedure which gi

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8 May 2013 14:08

Surgical Innovations appoints new President of US Sales and Operations

Surgical Innovations Group, the AIM-listed manufacturer of creative solutions for minimally invasive surgery, has appointed Rick Barnett as President of US Sales and Operations with immediate effect. The company reported that Barnett had joined the company from Integrated Medical Systems, where he

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19 Feb 2013 08:34

Surgical Innovations Group expects flat annual revenues

Surgical Innovations Group's shares tumbled Tuesday after the company said 2012 revenues were hit by manufacturing capacity constraints and delays in regulatory approvals in the final quarter. Shares fell almost 15% on the morning of the announcement as the group said it expected total revenue las

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29 Oct 2012 12:41

Small caps round-up: Surgical Innovations, Verdes, Ceramic Fuel Cells

Surgical Innovations Group, a designer and manufacturer of creative solutions for minimally invasive surgery, has shipped the first batch of its PretzelFlex device, and expected to ship a second batch in December. The shipment was part of an eight-year agreement with Care Fusion which gave them excl

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31 May 2012 12:40

Small caps round-up: Transense Tech, Surgical Innovations, Treveria...

Transense Technologies, a sensors specialist, has been informed by one of the world's largest mining companies that its iTrack Tyre Temperature and Pressure Monitoring System for mining and off-the-road vehicles has successfully completed field trials and is now an approved product for deployment in

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24 Apr 2012 08:34

Small caps round-up: Brainspark, Top Level Domain Holdings, Globo

The management of Brainspark, the AIM-listed investment company, has sought to reassure investors nothing is wrong after its share price fell over 30% in the last month. The company's directors said they knew of no reason for the decline. They added that day to day operations continued as normal and

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15 Mar 2012 12:06

Small caps round-up: HMV, Corero, ANGLE ...

HMV Group, the struggling entertainment media seller, has confirmed that it is still pondering what to do with its live music business. HMV added that a number of parties have indicated an interest in acquiring the business. There has been press speculation recently about who might be interested in

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1 Feb 2012 13:28

Surgical Innovations gets FDA thumbs-up

Surgical Innovations Group, a designer and manufacturer of creative solutions for minimally invasive surgery, has received clearance from the US Food and Drug Administration (FDA) for its Logic range of reusable instruments, permitting the use of the range in the US market. In addition, the comp

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14 Sep 2011 12:32

Surgical Innovations results are less than healthy

Holders of shares in Surgical Innovations lost an arm and a leg on Wednesday morning as the medical device manufacturer announced a drop in its first half operating profit and revenues. A lack of repeat orders led to a £0.37m drop in revenue to £3.20m, which resulted in a decrease in pre-tax profit

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7 Aug 2011 14:51

Sunday tips round-up: Surgical Innovations, National Grid, Utilities

Investors, "have a genuine appetite for risk and are looking for low-priced shares that may not pay out dividends but are expected to deliver good growth over the next few years," the Midas column at the Financial Mail on Sunday writes, and Surgical Innovations neatly fits the bill. The Leeds based

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28 Jul 2010 08:03

Surgical Innovations Gets Approval To Sell Logi Flex in US

LONDON (Dow Jones)--Medical device company Surgical Innovations Group PLC (SUN.LN) Wednesday said it received approval to sell a device for fixing gastric bands in the U.S. The Food and Drug Administration granted marketing authorization to Logi Flex, a device that allows surgeons to fix a gastr

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16 Jul 2010 13:22

Surgical Innovations: Court OKs Share Premium Account Cancellation

LONDON (Dow Jones)--Surgical Innovations Group PLC (SUN.LN), a designer and manufacturer of innovative surgical devices, said Friday that on July 15, the Court approved its application for the cancellation of its share premium account through the offsetting of accumulated losses. -Shares at 1221

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25 May 2010 08:39

Small caps round-up: Surgical Innovations, Hydro Int'l, European Inv Tst , ...

Surgical Innovations, the designer and manufacturer of surgical devices, is trading in line with expectations and said it is extremely confident for the year ahead. "We are extremely confident for the year ahead and look forward to providing a further update at the interim results in September," sa

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