Median posts 52% revenue increase in fiscal year 2021

2021 01 26 19 34 6212 Businessman Plan Graph 400

Imaging software developer Median Technologies has reported a 52% increase in revenue for fiscal year 2021.

For the year (end-December 31), Median's revenues climbed 20.5 million euros ($23.3 million) compared with revenues of 13.5 million euros ($15.3 million) in 2020. As for its fourth quarter (end-December 31), Median's revenue increased 24% to 5.1 million euros ($5.8 million). In the first quarter of 2020, revenues were 4.1 million euros ($4.7 million).

The company attributed its revenue increase entirely to its iCRO business unit, which provides services for oncology clinical trials.

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