Optos reports $4.4m loss

Retinal imaging company Optos announced a net loss of $4.4m in its unaudited interim results for the six-month period ended March 31, 2009.

The loss compares to a net profit of $700,000 for the same period ending March 31 2008. Revenue decreased slightly from $48.9m during the same period a year earlier to $47.8m.

Optos said its pay-per-patient business showed an increase in revenues of 4 per cent with growth in all markets, with European revenues up 34 per cent. The renewals rate was also consistent with the target of 80 per cent over the full year.

Optos chief executive officer Roy Davis commented: 'The renewed focus on our core optometry business will drive improved business performance in the medium term. We are focusing on the pay-per-patient business and while we anticipate modest placement growth in 2010 we expect a return to increased levels of growth in 2011.'