Imaging software developer Median Technologies has reported a 52% increase in revenue for fiscal year 2021.
For the year (end-December 31), Median's revenues climbed 20.5 million euros ($23.3 million) compared with revenues of 13.5 million euros ($15.3 million) in 2020. As for its fourth quarter (end-December 31), Median's revenue increased 24% to 5.1 million euros ($5.8 million). In the first quarter of 2020, revenues were 4.1 million euros ($4.7 million).
The company attributed its revenue increase entirely to its iCRO business unit, which provides services for oncology clinical trials.