HALF YEAR REPORT
As stated at the AGM in 2018, DXS has continued to build a solid foundation, following previous NHS budget cuts and uncertainty, which has seen the following achievements:
- Released four new versions of our mainstay product -
- Implemented Phase 1 of our new template version of
- Launched Phase 1 of the DXS MyVytalCare app and in piloting stage - The DXS Call and Recall app, which automatically analyses a patient’s record and then communicates with the patient via the appregarding required health checks, medicine compliance, signposting to preferred services etc;
- Launched Phase 1 of DXS ExpertCare and in piloting stage - The DXS ExpertCare tool that reads a patient’s record and then makes medicine treatment recommendations to a prescriber ensuring that a patient is compliant with the best evidence treatment.
Considering that worldwide healthcare systems are in crisis with ageing populations, clinician shortages, and cash crises, we are confident that our forward planning and preparation during the past 7 years will see significant growth in revenue and profitability over the next four to five years which should result in major shareholder value.
During this half year of consolidation, our turnover grew by 5% and profits compared to the same period for the previous year grew from £27,000 to £70,000, even though we continued to invest heavily in R&D.
Although behind schedule, the new GPSoC 3 tender is underway and is expected to be completed within 2019. As stated previously, the NHS intend addressing the shortcomings of GPSoC 2 as well as extending the funding across all care, which will open new opportunities for DXS.
With much of our planned strategy in place for renewed growth, we are intent on building shareholder value by significantly increasing our revenue over the next 4-5 years and targeting an annual profit of £7 million by year 5.
In addition, our new products create the opportunity to expand into international markets and we currently have interest in
The Board thanks you for your continued support and invites you to contact our CEO should you wish to discuss anything. We urge you to ensure that you are included on our circulation list of communications and to do so please contact our office on +44 (0)1252 719800 or send an email to firstname.lastname@example.org.
INTERIM RESULTS to
CONSOLIDATED INCOME STATEMENT
for the six month period ended
6 Months ended
|Cost of Sales||(193,244)||(225,083)||(470,824)|
|Depreciation and Amortisation||(237,476)||(211,612)||(445,267)|
|Other interest receivable and similar income||219||1,431||9,329|
|Interest payable and similar charges||(28,896)||(5,497)||(39,791)|
|Profit / (Loss) on ordinary activities before taxation||(34,680)||(92,280)||(46,152)|
|Taxation on ordinary activities||104,963||119,980||194,973|
|Profit / (Loss) for the period||70,283||27,700||148,821|
|Profit/ (Loss) per share|
STATEMENT of FINANCIAL POSITION
|Cash at bank and in hand||78,000||135,602||140,012|
|Creditors: amounts falling due within one year||(1,232,694)||(1,364,634)||(997,441)|
|Net current liabilities||256,022||414,454||685,941|
|Total assets less current liabilities||3,632,364||3,061,592||3,748,251|
|Creditors: amounts falling due after more than one year||(467,098)||(194,253)||(539,251)|
|Accruals and Deferred income||(936,555)||(948,677)||(1,169,217)|
|Capital and reserves|
|Called up share capital||115,988||110,174||110,174|
|Share Premium account||1,752,355||1,639,523||1,639,523|
|Provision for costs of share option awards||162,580||162,580||162,580|
The above figures have not been reviewed by the company's auditors LDP Luckmans.
The Directors of
|Corporate Adviser||020 7101 7676|
|020 7101 7676|
Notes to Editors