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.
‘Our pipeline of new products is also progressing to plan and we look forward to launching two important new devices, California and Lotte, over the next 12 months.’
More to follow in Optician.