Press releases - Median Technologies

Median Technologies’ Q3 performance shows steady growth, validates the strategy adopted in 2018 (unaudited figures). As of September 30th, 2019, cumulated revenue of € 6.3 million, already matching total revenue made in 2018 – Q3 revenue of € 2.3 million, a steady increase over the last four quarters – Order backlog of € 35.9 million, up 17% since June 30th, 2019 – Cash and cash equivalents of € 8.3 million, an increase compared to June 30th, 2019

Median Technologies reports its financial results for H1 2019. H1 revenue up 19.5% to € 4 million, driven by iCRO business, Order backlog up 30% to € 30.7 million, Significant decrease of operating expenses, Cash and cash equivalents of € 7.9 million

H1 2019 results validate the company’s 2018 strategic refocus. During the period, revenues increased by 19,6% to reach €4 million (€3.4 million in H1 2018). Net new booking reached €11 million and order backlog increased by 30% to €30.7 million (€23.7 million as of December 31, 2018). Cash and cash equivalents expected to be approximatively €7.9 million as of June 30, 2019, with significantly reduced burn rate.

Median Technologiesand AG Mednet have renewed their partnership to use AG Mednet’s global infrastructure for the collection, QC and delivery of medical images and ancillary data in support current and future clinical trials and programs. Median provides solutions and services for medical image analysis and management in oncology trials globally. AG Mednet works with global CROs, providing technology solutions for clinical trial adjudication and imaging.