Medical retinal imaging company Optos has received an order of 250 devices from optician giant OPSM in Australia and New Zealand.
Optos will exclusively supply Daytona retinal imaging technology devises on rental contracts this year, on top of the 160 already installed last year.
OPSM's exclusivity over the commercial supply of Daytona devices in Australia and New Zealand has been extended to 2016.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
All OPSM stores will incorporate the technology as part of its eye care services.
Chief Executive Officer Roy Davis said he hopes the new order would boost results in the second quarter.
"Second quarter performance will be lower than planned, however, the additional order of 250 devices by a major corporate such as OPSM is a clear demonstration of both the value and potential of our technology," he said.
"This will effectively make Daytona an OPSM network-wide technology. We believe this validates not only the importance of Daytona to eye care practices, but also our strategy to partner with OPSM in Australia and New Zealand."
He said forecasts for the full-year remain unchanged but expects a more weighted second half than previously anticipated.
Shares plunged 13.81% to 173.25p at 09:22 Wednesday.
RD
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
