Feedback' shares slump despite reduced H1 loss

Shares in Feedback have slumped more than 11% after the medical imaging specialist posted a reduced first-half pre-tax loss of £0.13m, from a prior loss of £0.16m.

Revenue had fallen to £0.2m, from £0.23m.

The company said it had received a significant number of purchase orders for TexRAD research versions during the period, most of which were installed shortly before the period end.

"Accordingly, these sales only made a modest contribution to revenue in the period," the company said.

Feedback was continuing to install the remaining orders and had received additional new orders from customers in Singapore and Korea.

"We therefore expect there to be a substantial increase in TexRAD-related revenue in the second half of the current financial year and growth in our revenue for the year as a whole."

It added that Cambridge Computed Imaging again performed steadily during the period.

At 10:54 GMT, shares in AIM-quoted Feedback were down 11.76% to 1.88p each.