Press Releases
Image Scan Holdings Interim Results
28 June 2004
Interim Results for the six months ended 31 March 2004
Image Scan, a leading provider of multi-view, 3D X-ray imaging technologies for the security and industrial inspection markets announces interim results for the six months ended 31 March 2004.
Key Points
- Sales £149,000 (2003: £295,000)
- Loss on ordinary activities before taxation £596,000 (2003: £380,000)
- Early industrial order of inspection product to GE Healthcare boosts sales and margins
- Rapiscan promotion and endorsement of the 3D screening product commences on a worldwide basis
- Successful trial at Rampton Hospital demonstrates improvement in detection capability when using the 3D product
- Currently in advanced discussions with a strategic partner that may lead to an equity investment
Nick Fox, Chief Executive Officer comments:
"This has been a busy period for the Company in which, finally, the Rapiscan endorsement of the new 3D product has taken place. With positive feedback from their sales force and encouraging trial results we expect a high level of interest in the product.
Of equal importance is the marketing and sales efforts made over the last year which have produced early industrial sales with the possibility of further orders from two blue chip organisations. The delays on the security side have had an impact on our cash reserves and we are in strategic discussions with trade investors that could prove to be very exciting for the future of the business."
For further information:
| Nicholas Fox | Chief Executive | 01664 503 600 |
| Ian Johnson | Chairman | |
| Richard Darby | Buchanan Communications | 020 7466 5000 |
| Jonathan Retter | Durlacher | 020 7459 3600 |
View the full Interim Results in PDF format (43 KB).
