Preliminary Results for the 12 months to January 2007

19 April 2007

LiDCO, the UK-based, AIM-traded cardiovascular monitoring company, announces its Preliminary Results for the 12 months ended 31 January 2007.

Financial Highlights

• Turnover remains steady at £3.44m despite tough trading conditions (2005/6: £3.42m)
• Gross margin is maintained at 77% (excluding fees paid for monitors placed through financing arrangements)
• Cash outflow before financing improved 28% to £1.60m (2005/6: £2.21m)
• Cash balance up 55% from £0.95m to £1.47m excluding the convertible loan of £1m
• Pre-tax operating loss up 17% at £2.59m (2005/2006: £2.21m)
• Loss per share of 2.10p

Current Trading Highlights

• Encouraging revenue growth for the first two months of the current financial year with monitor consumable revenue up by 35%
• Installed base growth restored - increased by 88 monitors in last 6 mths v’s 45 monitors in the prior 6 mths
• Higher monitor placements driving consumable revenue growth: up by 35% over the equivalent period and 15% up over the last quarter
• Total revenue for first two months up by 62% on prior year period

Corporate Highlights

• Roll-out begun of the LiDCOplus monitor version 4.0 software with enhanced fluid management platform and intra-thoracic blood volume parameter
• Launch of the LiDCOview PC based software for clinical research and audit applications
• First successful demonstration of the LiDCOlive – remote monitoring product in Japan and the Czech Republic
• Regulatory approval for the lithium injection in Switzerland
• Placing of 17,500,000 new Ordinary Shares at 20p to raise £3.5 million before expenses in May 2006

Commercial Highlights

• Sensor sales: volumes up 8% to 24,316 units; sales value up 14% at £1.93 million
• Installed monitors worldwide base: up 12% from 923 to 1,035 units
• Slowness in export markets revenue balanced by 31% growth in domestic UK sales
• Med-Dynamix: contract signed to distribute technically - leading complementary urine monitoring product

The full results are available to view and download in PDF format.

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Please click on the following link to view the presentation: http://www.buchanan.uk.com/pages/webcast/lidco.pdf