Deltex Medical Group (DEMG)

Sector:

Health Care

Index:

FTSE AIM All-Share

 1.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.65
  • 52 Week Low: 0.90
  • Currency: UK Pounds
  • Shares Issued: 524.46m
  • Volume: 201,069
  • Market Cap: £6.82m
  • RiskGrade: 438

Deltex Medical Group sees losses narrow despite faltering revenue growth

By Duncan Ferris

Date: Wednesday 09 May 2018

LONDON (ShareCast) - (Sharecast News) - Oesophageal Doppler monitoring firm Deltex Medical Group saw its shares dip on Wednesday after the company revealed that, although its 2017 pre-tax loss had narrowed, the company's revenues declined 6% to £5.9m.
The company attributed the revenue decline to a £500,000 decline from UK probe sales, while international sales also fell, by 5% to £1.9m, but offset by 5% growth in US revenues to £2m.

Despite this, the company managed to pare its pre-tax loss by 16%.

Management said it achieved savings by bringing probe production in house and putting new manufacturing processes in place, resulting in a £400,000 reduction in its operating losses.

Nigel Keen, chairman of Deltex Medical, said: "The progress made towards operating cash breakeven and profitability through improved consumable margins and reduced overheads made during 2017 was partially offset by a disappointing second half sales performance."

In the meantime, Deltex Medical also announced the launch of the TrueVue Loops display software on its CardioQ-ODM+ haemodynamic monitoring platform.

The AIM-traded company said the software will allow users to view a simultaneous display of a patient's aortic blood flow velocity, taken directly from the TrueVue Doppler probe, and aortic blood pressure, from a continuous blood pressure device.

Ewan Phillips, chief executive of Deltex Medical, said: "By giving doctors, for the first time ever, a complete and continuous picture of a patient's central haemodynamic status the Loops should take the science of haemodynamics forward in both intensive and peri-operative care. The initial focus on vaso-active drugs offers the possibility of Deltex building a strong competitive advantage in this area to match its existing strength in fluid management."

Doctors from Paris' Lariboisiere Hospital developed the software with a focus on using TrueVueTM Loops to identify the effects of administering vaso-active drugs and to guide their safe administration.

As of 1247 BST, Deltex Medical Group's shares were down 7.14% at 1.30p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DEMG Market Data

Currency UK Pounds
Share Price 1.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.65
52 Week Low 0.90
Volume 201,069
Shares Issued 524.46m
Market Cap £6.82m
RiskGrade 438

DEMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.3% below the market average44.3% below the market average44.3% below the market average44.3% below the market average44.3% below the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average
Price Trend
34.69% above the market average34.69% above the market average34.69% above the market average34.69% above the market average34.69% above the market average
5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average
Income Not Available
Growth
56.71% below the market average56.71% below the market average56.71% below the market average56.71% below the market average56.71% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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DEMG Dividends

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Trades for 15-Jul-2020

Time Volume / Share Price
13:35 100,000 @ 1.34p
09:07 46,687 @ 1.22p
08:59 21,000 @ 1.34p
08:49 33,382 @ 1.22p

DEMG Key Personnel

Chair Nigel J Keen
CEO Andy Mears

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