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Intelligent Ultrasound sees narrower annual losses, but revenue hurt by pandemic impact | 12 January 2021


12 January 2021 | 09:50am
StockMarketWire.com - Ultrasound artificial intelligence company Intelligent Ultrasound said it expected to report narrower annual losses but lower revenue owing to a pandemic-led hit to its simulation division.
The operating loss for the year ended 31 December, was expected to have improved by over 8%, to between £4.1 million and £4.2 million, from a loss of £4.6 million year-on-year.
Selling and marketing cost reductions helped to minimise the impact of lower revenues, the company said.
Revenue fell was expected to fall to £5.2 million from £5.9 million, an 11% decline that was entirely due to the impact of the global pandemic, the company said. ....

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