Trading Statement
04 Novembre 2003 - 8:00AM
UK Regulatory
RNS Number:6282R
Clinical Computing PLC
04 November 2003
4 November 2003
Clinical Computing Plc
Clinical Computing Plc (the "Group"), the international developer of clinical
information systems for the healthcare market, announces that its turnover for
the year ended 31 December 2003 is expected to fall short of current market
expectations.
While the Group continues to pursue contract opportunities that are consistent
in value with prior announcements, the likely shortfall in turnover for 2003 is
the result of customers deferring their buying decisions as the Group focused on
establishing reference sites and strengthening the balance sheet.
In August 2003, management identified fifteen open bids. One of these bids has
since been closed, one lost, and the balance remain open. In addition, four new
bids have been added to the list of open bids.
Although the Group anticipates closing several open bids before the end of 2003,
it will not recognise all of the revenue associated with these contracts in the
year ended 31 December 2003. According to the Group's policy, revenue is
recognised over the course of the contract implementation period, which is
normally not less than four months.
The Directors continue to see interest in the Clinical Vision product from the
Group's core market of renal medicine as well as other clinical disciplines.
Enquiries:
Clinical Computing plc
Jack Richardson, CEO 001 513 651 3803 ext 114
Joe Marlovits, Finance Director 0208 747 8744 ext 202
Binns & Co PR Ltd
Paul McManus Tel: 020 7786 2802
Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
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