Optos results are positive

Retinal imaging company Optos has returned to profitability with post-tax profit of $1.5m for the six-month period ended March 2010.

Optos reported that gross margins improved to 66 per cent, and installations rose by 25, with 204 new sites compared to 179 de-installed.

Roy Davis, chief executive officer said that strong cash generation had led to much reduced net debt. There had been a further increase in the average number of optomap exams per site, at 109 per month. 'We have continued to make good progress in our R&D programmes and recent positive results from our clinical studies make us increasingly confident for the future of our business,' he said.