Kromek Group (KMK)

Sector:

Health Care

Index:

FTSE AIM All-Share

7.85p
   
  • Change Today:
      0.100p
  • 52 Week High: 8.20
  • 52 Week Low: 3.25
  • Currency: UK Pounds
  • Shares Issued: 641.02m
  • Volume: 1,451,818
  • Market Cap: £50.32m
  • RiskGrade: 527

Kromek reduces losses after revenue triples in first half

Date: Wednesday 08 Jan 2014

LONDON (ShareCast) - Radiation detection technology researcher and developer Kromek Group unveiled reduced losses and tripled revenue in its half year results on Wednesday.

The share price inched higher after the announcement of the results, which revealed a pre-tax loss of £2.48m (2012 H1: £2.29m), an operating loss of £1.97m (2012 H1: £2.27m) and revenue of £2.37m (2012 H1: £0.71m).

The latter was driven by the acquisition of eV Products and strong customer demand in all of the group's three target sectors.

Basic losses per share narrowed to 0.02p from 0.24p a year earlier.

Chief Executive Arnab Basu said: "Kromek is currently growing strongly as we enter the rapid commercialisation phase of our business, utilising our powerful IP and technology platforms. The strong increase in sales of the Bottle Scanner and a program worth up to $5.3m in medical imaging are good examples of this commercialisation phase in action.

"Having completed a successful initial public offering (IPO) during the period, we are also now in a stronger financial position as we look to grow our business. We have seen encouraging take-up of our products in all of our three target sectors and are confident about the future prospects of the business."

The group also described its prospects as "very positive", with funding at the best level in the company's history as a result of the IPO, and demand for its technology platforms continuing to grow.

NR

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kromek Group Market Data

Currency UK Pounds
Share Price 7.85p
Change Today 0.100p
% Change 1.29 %
52 Week High 8.20
52 Week Low 3.25
Volume 1,451,818
Shares Issued 641.02m
Market Cap £50.32m
RiskGrade 527

Kromek Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.7% below the market average9.7% below the market average9.7% below the market average9.7% below the market average9.7% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
53.57% above the market average53.57% above the market average53.57% above the market average53.57% above the market average53.57% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income Not Available
Growth
27.90% above the market average27.90% above the market average27.90% above the market average27.90% above the market average27.90% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

Kromek Group Dividends

No dividends found

Trades for 31-May-2024

Time Volume / Share Price
16:25 15,361 @ 8.14p
16:13 18,342 @ 8.14p
16:08 100,000 @ 7.73p
15:52 32,000 @ 7.81p
15:46 349 @ 7.52p

Kromek Group Key Personnel

CEO Arnab Basu

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