logo-loader
IXICO PLC

IXICO says performance "materially ahead of expectations"; will break even in second-half

The group has benefited from accelerated by new and expanded contracts, the deployment of a newly-developed algorithms and faster turnaround times in trial initiation

IXICO PLC -
The company’s digital platform and artificial intelligence software manages and helps interpret images from magnetic resonance imaging and positron emission tomography scanners

IXICO PLC (LON:IXI) said its performance for the current year will be “materially ahead” of market expectations with the company breaking even in the final six months.

In an update on trading, the group, whose software is able to interpret brains scans, said revenue growth in the second-half (which ends September 30) had been strong.

Specifically, IXICO has benefited from new and expanded contracts, the deployment of newly-developed algorithms and faster turnaround times in trial initiation.

“This is a fantastic achievement which reflects the Company's ability to support and grow with the increasing demand for our high quality neurological imaging and data analytics services," said chief executive Giulio Cerroni.

The company’s digital platform and artificial intelligence software manages and helps interpret images from magnetic resonance imaging and positron emission tomography scanners as well as collating and making sense of real-world data from wearable biosensors.

IXICO’s business is also moving away from a historical and predominant focus on Alzheimer’s disease to include several other neurological conditions, including Huntington’s disease and progressive supranuclear palsy, and the use of innovative technology for novel applications - wearable biosensors in psychiatric and neurological disorders.

Quick facts: IXICO PLC

Price: £0.53

Market: AIM
Market Cap: £24.88 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of IXICO PLC named herein, including the promotion by the Company of IXICO PLC in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: IXICO CFO Grant Nash joins board and discusses 'strong' 2019...

IXICO PLC (LON:IXI) CFO Grant Nash says the firm's performance for the current year will be materially ahead of market expectations - benefitting from new and expanded contracts, the deployment of newly-developed algorithms and faster turnaround times in trial initiation. Nash, who was...

3 weeks, 6 days ago

RNS

Director/PDMR Shareholding

1 week, 1 day ago

Holding(s) in Company

1 week, 3 days ago

Holding(s) in Company

1 week, 3 days ago

Holding(s) in Company

2 weeks ago

Holding(s) in Company

2 weeks, 1 day ago

Issue of Equity

3 weeks, 1 day ago

Directorate Change

4 weeks ago

Director/PDMR Shareholding

4 weeks, 2 days ago

2 min read