LiDCO Group plc provided earnings guidance for the year ended January 31, 2015. For the period, the company expected to record revenues of £8.27 million and pre-tax profits (adjusted for share based payments) to be broadly in line with market expectations, being at a similar level to the year ended 31 January 2014. Despite a reduction in revenues from an exceptionally strong 2014 performance, the company has maintained profitability through improved gross margins and tight control of overheads.

The company also reported that its product sales (excluding third party products) were down slightly at £6.63 million in fiscal 2015 compared to £6.87 million in fiscal 2014, overall sales of high margin surgical disposables increased by 5% to £3.23 million compared to £3.08 million a year ago. International sales were up 8.5% to £2.67 million compared to £2.46 million in 2014, including a significant uplift of 29% in the US and 76% in ROW (excluding Japan). The performance in Japan continues to be disappointing and the Company is reviewing its exclusive distribution arrangements whilst making good progress in registering the non-invasive product.