Revenues at keyhole surgery equipment specialist Surgical Innovations (SUN) look likely to have been flat in 2012 at £7.6m after a regulatory delay in the US pushed £1m of sales into the first quarter of 2013. The delay does not look serious, but Surgical Innovations cannot afford to make a habit of missing forecasts.
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Up until that point, Surgical Innovations seemed to be performing well, with order intake for the second half of 2012 up 85 per cent to £5.6m, resulting in a strain on the company's manufacturing capacity in Leeds. The capacity constraints should be eliminated when its new facility comes on-stream.