Ixico (IXI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

11.25p
   
  • Change Today:
    -0.75p
  • 52 Week High: 12.75
  • 52 Week Low: 6.45
  • Currency: UK Pounds
  • Shares Issued: 92.67m
  • Volume: 169,204
  • Market Cap: £10.43m
  • Beta: 0.01

Ixico raises expectations on new contract wins

By Josh White

Date: Wednesday 14 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Medical imaging advanced analytics technology company Ixico said in a trading update on Wednesday that it expected its financial performance to surpass market expectations, driven by new contract wins totaling £5.8m since 31 March.

The AIM-traded firm said that for the 12 months ending 30 September, it anticipated full-year revenue to be between £5.5m and £5.9m.

That reflected at least a 20% growth in revenue during the second half of the year, compared to the first half, which recorded £2.5m in revenue.

Despite a slight decline from the £6.7m revenue reported in 2023, the strong performance in the second-half was expected to boost overall financial results.

Additionally, the company's year-end order book was forecast to increase and return to prior year-end levels, recovering from £12.7m at the end of the first half to around £14.8m, following recent contract signings and extensions.

The positive developments were expected to improve Ixico's cash position and reduce its EBITDA loss compared to current market expectations, which projected £1.4m in cash and a £2.1m EBITDA loss.

"I am pleased with the progress made by the Company since the half-year, with new contracts signed underpinning revenue growth across the second half of the year," said chief executive officer Giulio Cerroni.

"In parallel, we have continued to see a strengthening of our opportunities pipeline and whilst we maintain a very close eye on costs, we are doing so in a manner that avoids detriment to our core focus of delivering growth."

At 1203 BST, shares in Ixico were up 33.33% at 9.5p.

Reporting by Josh White for Sharecast.com.

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

 

Ixico Market Data

Currency UK Pounds
Share Price 11.25p
Change Today -0.75p
% Change -6.25 %
52 Week High 12.75
52 Week Low 6.45
Volume 169,204
Shares Issued 92.67m
Market Cap £10.43m
Beta 0.01

Ixico Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.16% below the market average21.16% below the market average21.16% below the market average21.16% below the market average21.16% below the market average
69.57% above the sector average69.57% above the sector average69.57% above the sector average69.57% above the sector average69.57% above the sector average
Price Trend
7.35% below the market average7.35% below the market average7.35% below the market average7.35% below the market average7.35% below the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Income Not Available
Growth
80.24% below the market average80.24% below the market average80.24% below the market average80.24% below the market average80.24% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average

Ixico Dividends

No dividends found

Trades for 30-May-2025

Time Volume / Share Price
16:15 10,000 @ 11.00p
13:09 1,737 @ 11.39p
10:28 50,000 @ 11.45p
10:24 30,000 @ 11.06p
09:54 283 @ 12.50p

Ixico Key Personnel

CEO Giulio Cerroni
CEO Bram Goorden

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