At September 30, 2019, the cumulative revenue since January 1, 2019 Median Technologies is 6.3 million euros. This turnover for the first three quarters of 2019 is equal to the 2018 annual turnover (6.3 million euros). The turnover of the third 2019 is 2.3 million euros. The company's quarterly revenue growth has been steady for the past four quarters, said the specialist of innovative imaging services. Total revenue was generated by Median's iCRO1 business.The backlog at September 30, 2019 was € 35.9 million, an increase of € 5.2 million compared to the backlog at June 30, 2019 and € 12.2 million compared to the previous year. backlog as at December 31, 2018.
Taking into account these positive performances and the receipt in July of the Crdit Impt Research of € 1.6 million, at September 30, 2019, the cash and cash equivalents amounted to € 8.3 million, a higher level of that of cash and cash equivalents as of June 30, 2019 which, as a reminder, was € 7.9 million.
Cash consumption was € 0.4 million per month in the quarter, which has been steadily declining since the second half of 2018.
The finalization of the loan file EIB (European Investment Bank) is expected for the fourth quarter of 2019.
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