Daytona helps Optos post improved FY profit

Medical retinal imaging company Optos this morning reported growth in full-year profits thanks to further installations of its Daytona devices.

The Scottish firm installed 1,640 Daytonas this year, compared to 1,271 in fiscal 2013.

Optos reported a 7 per cent increase in revenue to $170.6m and said profit after tax increased to $8.5m from $6.4m in the prior year.

Roy Davis, CEO of Optos, said: ‘We continued to see strong demand for our products during the year, particularly Daytona. This has translated into another record year of placements with new customers.  We have also delivered a robust cash performance through improved profitability and reduced inventory that has allowed us to reduce net debt significantly.