Press releases - Median Technologies

Median Technologies announces the signing of a € 35 million finance contract with the European Investment Bank (EIB). This finance contract will enable Median Technologies to accelerate its investment program for the iBiopsy® imaging phenomics platform. Median expects the disbursement of the first tranche of € 15 million during the first semester of 2020.

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.