30 September 2011 – interim results

In the six months to 30 June revenue rose by 85% to £2.54m (2010: £1.37m) although the expansion of the product range and sales force and increased marketing expenditure resulted in a pre-tax loss of £0.7m (2010: loss £0.4m).  Given the fact that the group is still at the early stages of its development these are not too significant though.  A positive statement about prospects means that the shares are a SPECULATIVE BUY.