Medical retinal imaging company Optos started its financial year with first quarter (to December 31 2012) revenue growth of 18 per cent compared with the same period last year.
Optos said that growth was driven by a large volume of capital sales, with revenue from outright sales of devices up from $9.5m from the first quarter of 2012 to $17.6m. Its installed base increased by 274 new customers in the first quarter, and with 28 de-installs, this base had grown 5 per cent since the end of the last financial year.
The company, whose headline revenue was down 4 per cent to $40.3m installed 267 Daytona devices in the first quarter, to new and existing customers. It added that it had also agreed to supply 250 Daytona instruments on a rental basis to a major corporate over the next 12 months.
Chief executive Roy Davies described the first quarter revenue growth as positive against a robust comparable period. 'While continuing economic difficulties in Europe have adversely affected trading conditions in this relatively modest market for Optos, trading elsewhere was strong in December and continues to be so in the first weeks of the second quarter.'