Annual Report and Accounts 2006 - Optos

The History of Optos
from foundation to flotation
1992 - 2006
Optos was founded by Douglas Anderson
after his then five-year-old son went blind
in one eye when a retinal detachment was
detected too late.
Although his son was having regular eye exams,
routine exams were uncomfortable, especially for
a child, which made it impossible for the doctor to
conduct a complete exam and view the entire retina.
Anderson set out to commercialise a patient-friendly
retinal exam that encompassed a digital wide-field
image of the retina in a single capture, without the
need for dilation. Leading up to the Company’s initial
public offering in February 2006, Optos had raised
approximately $54 million in equity, primarily from
a group of long-standing and highly supportive
Scottish-based investors.
1992
Douglas Anderson (right) and son.
2001
> $1.8 million in revenue
> 79 – installed base of P200 devices
> 0.1 million optomap® Retinal Exams performed
2002
> $5.4 million in revenue
> 278 – installed base
of P200 devices
> 0.3 million optomap®
Retinal Exams performed
1998
> Clinical trials began
1999
> The Panoramic200 Scanning Laser
Ophthalmoscope (P200) received
FDA 510k clearance to market in
the USA and European CE marking
2000
> USA/UK – commercial launch
> First optomap® Retinal Exam performed
> $0.3 million in revenue
> 22 – installed base of P200 devices
2003
> Canada – commercial launch
> $14.3 million in revenue
> $15.2 million in
operating losses
> 657 – installed base
of P200 devices
> 0.8 million optomap®
Retinal Exams performed
> UK Tech Track 100
– Fastest Growing
Technology Company
Optos plc Annual Report & Accounts 2006