Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
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Chairman’s Statement<br />
Dr John M Padfield<br />
“While our financial results <strong>and</strong><br />
key performance indicators are<br />
important, they represent only<br />
part of the story. The other part<br />
is how we are differentiating<br />
ourselves.”<br />
<strong>2006</strong> was a momentous year<br />
for <strong>Optos</strong> plc. There were many<br />
highlights. Perhaps most notable<br />
was our successful flotation <strong>and</strong><br />
trading on the main market of the<br />
London Stock Exchange in February<br />
<strong>2006</strong>. Our public offering provided a<br />
natural opportunity to reflect on the<br />
substantial progress we have made<br />
in introducing our revolutionary ultra<br />
wide-field scanning laser technology<br />
to the market <strong>and</strong> commercialising the<br />
optomap® Retinal Exam in primary eye<br />
<strong>and</strong> health care. It also enabled us to<br />
look forward to new opportunities in<br />
disease management in the secondary<br />
<strong>and</strong> medical care market, <strong>and</strong> to<br />
new geographies where we believe<br />
that there is significant commercial<br />
potential.<br />
A strengthened balance sheet<br />
provided us with the resources to<br />
invest in growing the business <strong>and</strong><br />
the confidence to make a number<br />
of commitments. At the time of our<br />
initial public offering, we said that<br />
we would deepen our penetration<br />
in our existing markets, broaden<br />
our product offering, enter into new<br />
markets <strong>and</strong> maintain the highest<br />
levels of customer satisfaction. With a<br />
dedicated focus on delivering on our<br />
plan <strong>and</strong> making strategic decisions<br />
that will build for the future, we have<br />
delivered on all of these fronts. Our<br />
operational progress is firmly reflected<br />
in our financial performance <strong>and</strong> I am<br />
very pleased to report a strong set of<br />
results for the financial year ended 30<br />
September <strong>2006</strong>.<br />
Revenue was $67.7 million, up by 40%<br />
over the previous year of $48.4 million.<br />
Operating profit before share-based<br />
payments increased by 46% to $6.5<br />
million, up from $4.5 million last year.<br />
Operating profit after share-based<br />
payments increased by 32% from<br />
<br />
<strong>Optos</strong> plc <strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2006</strong>