Median logs 51% growth in annual revenues

By staff writers

January 15, 2021 -- Imaging software developer Median Technologies saw its revenues for fiscal 2020 grow 51%, thanks to solid growth in its business unit that provides imaging services for clinical trials.

For the year (end-31 December), Median saw revenues of 13.5 million euros, up 51% compared with revenues of 9 million euros in 2019. The company said that it was a record year for its iCRO business unit, a contract research organization (CRO) that provides services for oncology clinical trials.

The company also reported a strong fourth quarter, with revenues of 4.1 million euros, a 56% increase compared to revenue in the fourth quarter of 2019. At the end of the year, the company's backlog stood at 51.7 million euros, a 35% increase compared with 38.3 million euros at the same point at the end of 2019.

Copyright © 2021

To read this and get access to all of the exclusive content on create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking