not sure on this4 Aug 2014 12:12
a statement from a partner with omega. i assume the tests that omega is being to market are not the manual ones associated with the decline within this business, sterling is certainly impacting all.
At the meeting, Chairman, Dr. Anthony Martin, will make the following statement to shareholders.
"The Group has made a satisfactory start to this financial year. Financial performance to date has been in line with management expectations, in part due to the receipt of a milestone license payment earlier in the year than anticipated.
We are currently seeing a low level of placements and an acceleration in the decline in our manual revenues. In addition, unfavourable exchange rate movements are creating a "headwind" for our reported numbers. Accordingly, delivering revenues in line, or slightly ahead of those reported to March 2014 will be dependent on the Company's success on placements (and manual revenues) in the remainder of the financial year. The timing of these factors means that the Group's revenues are expected to be weighted towards the second half of the financial year.