IN BRIEF: Induction Healthcare Interim Loss Widens; User Figures Rise

Induction Healthcare Group PLC - London-based healthcare technology company - Posts widened ...

Alliance News 6 August, 2020 | 9:04PM
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Induction Healthcare Group PLC - London-based healthcare technology company - Posts widened pretax loss of GBP3.8 million for the six months ended March 31 from GBPGBP2.7 million loss a year prior. Operating loss also widened 32% to GBP3.5 million from GBP2.7 million. Says revenue from customer contracts totalled GBP148,000, climbing from no reported revenue last year. Attributes revenue growth to increased user registrations on medical apps for Induction switch, up 73% to 138,095, and MicroGuide up 36% to 8.9 million.

Current stock price: 95.50

Year-to-date change: down 14%

By Neetika Kurup; neetikakurup@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Induction Healthcare Group PLC 74.50 GBX 0.00 -

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