Business
Interim Results for the 6 months ended 30 Nov 2015
Interim Results for the 6 months ended 30 Nov 2015.
About this update from Feedback Plc
[{"type":"text","content":"\n \nRNS Number : 6640P Feedback PLC 22 February 2016 \n\n22 February, 2016\nFeedback PLC\nHalf Yearly Report\n\nFeedback PLC\n22 February 2016\n \nFEEDBACK PLC\n \nFeedback plc \n(\"Feedback\", the \"Company\" or the \"Group\")\n \nInterim Results for the six months ended 30 November 2015\n \nChairman's Statement \n \nWe are pleased to present the interim results for the six months ended 30 November 2015. Revenue for the six month period was £225,000 (2014: £229,000) and the loss after tax was £143,000. (2014: loss of £219,000). The loss before interest, tax and amortisation was £132,000 (2014: Loss £138,000). The cash balance as at 30 November 2015 was £164,000, (2014: £268,000).\n \nThe interim results show a small reduction in the loss for the period on similar levels of turnover to 2014. Cambridge Computed Imaging Limited ('CCI') again performed steadily as it continued to serve its established customer base. Revenue recognised from TexRAD research version sales in the six months was higher than in the comparable period in 2014, reflecting the contract wins that took place shortly before the end of the previous financial year. Revenue for the second half of the current financial year from TexRAD is also expected to be higher than in the comparable period. In line with management's expectations, we have sold fewer research versions of TexRAD in recent months although there remains a good deal of customer interest from research institutions who are currently seeking grant funding. The Company has recently signed collaborative agreements with companies in Japan and South Korea to explore further selling opportunities in these markets for TexRAD research versions. The Company has also been looking to provide more support to research customers to assist them in analysing and interpreting the results of their studies. We have recently started work on one such project and this could prove to be a useful additional source of revenue in the future. Dr Balaji Ganeshan has been continuing his work supporting research into new potential applications of TexRAD. This has led to the publication of twelve peer-reviewed papers over the last year as well as a number of presentations at scientific conferences, including the Society of Cardiac MR Annual Scientific Sessions in Los Angeles last month.\n \...