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  2. Share Prices
  3. Inspiration Hlt Share Price
  4. Inspiration Hlt Share News
  5. IN BRIEF: Inspiration Healthcare's Project Wave Gets European Patent

Pin to quick picksInspiration Hlt Share News (IHC)

Inspiration Hlt Information

Share Price Information for Inspiration Hlt (IHC)

London Stock Exchange
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Share Price: 17.50
Bid: 17.00
Ask: 18.00
Change: -7.00 (-28.57%)
Spread: 1.00 (5.882%)
Open: 15.50
High: 20.40
Low: 16.50
Prev. Close: 17.50
IHC Live PriceLast checked at -

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IN BRIEF: Inspiration Healthcare's Project Wave Gets European Patent

Wed, 02nd Dec 2020 13:56

Inspiration Healthcare Group PLC - West Sussex-based medical technology company - Says Project Wave secures patent from the European Patent Office and can now receive validation in individual countries within the EU. Project Wave is a respiratory device designed for use in neonatal intensive care.

"As we continue to move forward in the development of Project Wave this is another milestone passed and one which both protects our IP and the investment we have made to ensure that this technology soon becomes adopted in hospitals, and we remain confident that once this happens, we will begin to see improved medical outcomes using this novel technology," says Chief Executive Neil Campbell.

Current stock price: 77.06 pence

Year-to-date change: up 15%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Inspiration Healthcare to fundraise after poor results

Inspiration Healthcare Group PLC - Croydon, England-based medical technology company specialising in neonatal intensive care devices - In financial 2024, company swung to GBP6.0 million pretax loss from GBP76,000 pretax profit a year prior. Revenue down 8.7% to GBP37.6 million from GBP41.2 million. Administrative expenses rise 31% to GBP23.1 million from GBP17.7 million. No final dividend declared, down from 0.41p, while total dividend falls 67% to 0.205p from 0.615p. In financial 2025, management expects revenue to be weighted towards the second half.

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IN BRIEF: Inspiration Healthcare shares dive as awaits export order

Inspiration Healthcare Group PLC - Crawley, England-based medical technology company specialising in neonatal intensive care medical services - Says that a material export order that was due at the end of January remains outstanding, and is unable to confirm a date, citing "factors outside of its control." Further, Inspiration receives a waiver from its lender regarding covenant tests on its debt facility on Tuesday. "Alternate covenants have been agreed until April 30, 2025 which will need to be met and bank consent received ahead of any further drawdowns of the revolving credit facility," it says. The company is also investigating alternative financing options in the event the order is not received.

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IN BRIEF: Inspiration Healthcare revenue down after shipping delay

Inspiration Healthcare Group PLC - Crawley, England-based medical technology company specialising in neonatal intensive care medical services - Expects to report revenue of GBP37.0 million for the financial year ended January 31, below market expectations and down from GBP41.2 million a year prior. Inspiration says that this reflects a delay to an unspecified "material export order", due to be shipped during the current year but now expected early in financial 2025. As a result, the company says its net debt stands at around GBP6.4 million.

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IN BRIEF: Inspiration Healthcare appoints Roy Davis as chair designate

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