Optos plc reported unaudited consolidated earnings results for the first half year ended March 31, 2013. For the period, the company reported revenue of $72.2 million compared to $86.2 million a year ago. Operating loss was $0.6 million compared to operating profit of $5.5 million a year ago. Profit before taxation was $0.7 million compared to $5.6 million a year ago. Net profit for the period attributable to equity holders of the parent was $0.4 million compared to $3.5 million a year ago. Diluted profit before taxation per ordinary share was 1.0 cents compared to 7.5 cents a year ago. Diluted profit after taxation per ordinary share was 0.5 cents compared to 4.6 cents a year ago. Net cash flows used in operating activities was $20.1 million compared to net cash flows from operating activities of $2.3 million a year ago. Purchases of property, plant and equipment was $1.1 million compared to $6.6 million a year ago. Expenditure on intangible assets was $1.0 million compared to $3.7 million a year ago. Net debt (cash less debt & lease finance liabilities) as on March 31, 2013 was $55.8 million compared to $48.2 million as of March 31, 2012. Guidance for the full year is that top line revenue will be lower than fiscal 2012. As normally occurs, the company expects that second half sales will exceed first half, especially given the second OPSM order which has already been secured. The company expects to place about 1,000- 1,200 units of Daytona in the year. Cost control will be maintained, with savings from the new organization structure driving further cost reductions in fiscal 2014. Operating profit will also be below 2012 and net debt will remain above the level at September 30, 2012.

Optos plc, H1 2013 Earnings Call, May 16, 2013

Optos plc announced that the results from a study comparing retinal imaging techniques in 339 eyes conducted at the New England College of Optometry were published in Eye and Brain. The purpose of this study was to evaluate the ability of an optomap-assisted fundus examination to detect retinal lesions in comparison with traditional ophthalmoscopy. Researchers investigated whether Optos' ultra-widefield retinal imaging technology could enable a more comprehensive exam; the accuracy of current traditional dilated retinal exams has been reported in literature to vary from 32% to 82%. The traditional dilated eye exam consisted of Binocular Indirect Ophthalmoscopy (BIO) and slit lamp biomicroscopy with condensing lenses. The image-assisted method was identical to the traditional method, with the exception that the doctor reviewed optomap(R) images in conjunction with ophthalmoscopy. A Retinal Specialist examined patients when there was disagreement in the findings of the two methods.