Inspiration Healthcare revenue falls to £22 million in first half

Inspiration Healthcare Group disclosed first-half revenue of £22 million on Tuesday, a decline compared with the same period a year earlier, which it attributed to the lack of non-recurring export deals.

The UK-based maker of neonatal intensive care equipment reported that SLE product revenues rose 38% year-over-year on a like-for-like basis that strips out prior-period one-off export contracts. That increase was driven by sustained demand for its core neonatal intensive care offerings.

Airon revenues climbed 40% to £1.6 million, boosted by a first order placed under a three-year supply agreement with a major U.S. healthcare organization.

Revenue from the company’s MedTech distribution arm grew 7% from the prior-year period.

Management said it anticipates finishing the fiscal year modestly above consensus estimates compiled by the company. As the second half gets underway, Inspiration Healthcare carries a robust order book.

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