Business
Trading update
Trading update.
About this update from Feedback Plc
[{"type":"text","content":"\n \nRNS Number : 0173X Feedback PLC 25 April 2019 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain\nFeedback plc\n \nTrading update\nCambridge, 25 April 2019: Feedback plc (AIM: FDBK, \"Feedback\" or the \"Company\"), the specialist medical imaging technology company, announces a trading update for the financial year ending 31 May 2019.\nFollowing new hires and investment in product sales in the first half of the financial year, it is anticipated that Feedback will report significant growth in recognised revenue for the year ending 31 May 2019.\nThe investment in new hires for Cadran, along with the agreement with Future Processing, signed in January 2019, to accelerate Feedback Medical's technology development and innovation, has increased the Company's cost base, the principal benefit of which will not be realised until the next financial year. As a result, the loss for the current financial year will reflect such investment but not the total anticipated income. \n \nAs announced in the half year results in January 2019, these investments have been made in order to help drive sales, increase capabilities and improve functionality of Feedback's technology as well as to provide access to specialist medical imaging and AI expertise. \n \nAs announced on 9 April 2019, with the appointment of Dr Tom Oakley as the new CEO of the Company, a strategic review of the business is currently underway. A further announcement will be made in due course.\n-Ends-\nEnquiries:\n \n\n\n\nFeedback plc\nTom Oakley, CEO\nLindsay Melvin, CFO\n \n\n\n+44 (0)1954 718072\[email protected]\n\n\n\n\nAllenby Capital Limited (Nominated Adviser)\nDavid Worlidge / Asha Chotai\n \n\n\n+44 (0)20 3328 5656\n\n\n\n\nPeterhouse Corporate Finance Ltd (Joint Broker)\nLucy Williams / Duncan Vasey\n \n\n\n+44 (0)20 7469 0936\n\n\n\n\nStanford Capital Partners Limited (Joint Broker)\nPatrick Claridge / John Howes\n \nInstinctif Partners\nRozi Morris/ Deborah Bell/ Phillip Marriage\n\n\n+44 20 3815 8880\n \n \n+44 (0)20 7457 2020\nfeedbackp...