Source - Alliance News

Shares in Feedback PLC rose on Wednesday after it said its trading performance for its recently ended financial year will be materially ahead of market expectations.

Shares in the medical imaging software company were 18% higher at 0.74 pence on Wednesday morning in London.

For the year ended May 31, Feedback expects to report revenue to beat market expectations, following progress with its flagship product Bleepa and additional technology licence fees arising from its partnership with Imaging Engineering LLC.

For the 2021 financial year, Feedback’s revenue was £290,000.

‘We are delighted to report that revenue is expected to be materially ahead of expectations. Importantly, we are developing relationships with existing and new partners and believe that we are at an inflection point for growth as we continue to see the benefits of investing the funds raised last year,’ said Chair Rory Shaw.

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