France's Median Technologies Q3 revenue rises to record high
Overview
France medical imaging firm's Q3 revenue rose 14.4% yr/yr to record €6.7 mln
Order backlog hit record €90.9 mln at end-September, up 23.5% yr/yr
Outlook
Company expects first eyonis LCS revenues in the first half of 2027
Company says cash runway extends through H1 2028, with potential extension to H1 2029 if warrants exercised
Result Drivers
LARGE PROJECT WIN - Co secured €8.4 mln global Phase III oncology imaging project, contributing to order backlog and revenue growth
BIOPHARMA DEMAND - Sustained demand from biopharma clients drove iCRO business momentum and backlog growth
CHINA GROWTH - Revenue growth in H1 2026 mainly driven by China, up 10% yr/yr and accounting for 39% of group revenue
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | EUR 6.7 mln | ||
Q3 iCRO Order Backlog | EUR 90.9 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"
Wall Street's median 12-month price target for Median Technologies SA is €12.95, about 196.3% above its October 28 closing price of €4.37
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)