Guided Therapeutics’ revenue to hit $4.4M from Turkish Ministry of Health contract — 3 key notes

Norcross, Ga.-based Guided Therapeutics, a developer of biophotonic technology testing, expects its contracted revenue from its 2016 Turkish Ministry of Health order of LuViva Advanced Cervical Scans and disposable Cervical Guides to hit $4.4 million.

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Here are three key notes:

1. Guided Therapeutics will sell 150 LuViva units and 275,000 Cervical Guides to the Turkish distributor in 2016.

2. LuViva is a diagnostic device that scans the cervix with light and utilizes spectroscopy to measure light interaction with cervical tissue. The device is designed to detect cervical disease.

3. Since April 2013, the company has sent more than 33 LuViva units and more than 14,500 disposable Cervical Guides to Turkey, resulting in about $588,000 in fully paid revenue.

“The Turkish MOH order provides a significant revenue base which we intend to grow by using our strategy of working with governments to implement or improve cervical cancer screening programs,” said Gene Cartwright, CEO, Guided Therapeutics.

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