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Toumaz's healthcare division slows but profits rise 10%

Mon, 03rd Aug 2015 12:36

(ShareCast News) - Toumaz, a wireless semiconductor and software technologies provider for healthcare and consumer audio, fell 7% on Monday despite posting an increae of 10% in first-half revenues.Revenues rose to £14m from £10.8m, and gross profits went up 40% to £6.3m during the six months to 30 June 2015, but the company's healthcare division was hurt by slow revenues in its SensiumVitals product.However, the group said it remains confident with the future thanks to recent trials results.On the bright side, Toumaz recently reached a co-development agreement with Google which is expected to drive its next generation connected audio solution.Cash balance was significantly lower at £5.5m from £12.5m.Chief executive Anthony Sethill said its "complex systems for the healthcare environment" need considerable amounts of data and trialling, which have delayed its commercial roll out.However, Sethill added that "given the strong performance by Digital Audio, we remain on course to continue to grow the business in the second half of the year".Shares in the company were down 7.03% to 3.37p on Monday at 1141 BST.
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15 Sep 2010 07:31

Toumaz losses widen as it pushes R&D

Losses widened at Toumaz in the six months to June 30 as the wireless technology group ramped up its development activities, but the company hopes that revenues from products will start coming through soon. Toumaz, which has developed technology that monitors health by transmitting data from a 'dig

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27 Jul 2010 07:37

Toumaz Licenses Sensium Technology To Quanta Computer

LONDON (Dow Jones)--Toumaz Limited (TMZ.LN), a low cost, ultra low power wireless communications technology company, said Tuesday it has licensed its Sensium technology platform to Quanta Computer Inc. (2382.TW). MAIN FACTS: -Quanta, a notebook computer original design manufacturer, plans to

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30 Jun 2010 07:24

Toumaz Trading In Line With Board Views

LONDON (Dow Jones)--Toumaz Limited (TMZ.LN), a low cost, ultra low power wireless communications technology company, said Wednesday that in the last six months it has traded in line with the Board's expectations and as at June 28 had a cash balance of GBP5.6 million. MAIN FACTS: -Operational

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30 Mar 2010 08:48

Toumaz 'digital plaster' moves closer to market

Wireless technology group Toumaz said it expects to commercialise its digital plaster, to be used by hospitals to monitor patients' bodies, in 2011 after continuing trials of the technology. Trials of the 'Sensium' digital plaster system began at St. Mary's hospital in the final quarter of 2009.

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14 Dec 2009 16:15

Domino's directors deliver more shares

Domino's Pizza directors are selling again. This time it is via the pizza delivery company's tender offer at 292p a share. This tender replaced the original tender offer at 317p a share, which was scuppered by a fall in the share price. There were 2.27m shares tendered by the closing date of 11 De

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1 Dec 2009 13:13

Small caps round-up: Real Office, Equest Investment, African Eagle...

Real Office is in need of additional cash and is early stage discussions with its company's bankers, the outcome of which are uncertain at this time, it says A combination of lower than projected sales for the first quarter to 31 October 2009, increased credit taken by certain customers, the addi

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