Intelligent Ultrasound posts 2020 half-year financials

By staff writers

August 6, 2020 -- Ultrasound artificial intelligence software and simulation developer Intelligent Ultrasound Group has posted mixed financial results for the 2020 half-year period.

The company reported revenues of 2.5 million pounds ($3.3 million) -- down from 2019's 3.1 million pounds ($4.1 million). But it also reduced its earnings before interest, taxes, depreciation, and amortization (EBITDA) loss from 1.3 million pounds ($1.7 million) in the same period last year to 1.2 million pounds ($1.6 million).

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