Press Releases
Image Scan Holdings PLC Interim Results
1 June 2005
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2005
Image Scan (AIM: IGE), 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 2005.
Financial highlights
- Order book at 31st March 2005 of £683,000 (2004: £12,000), including the largest order to date which was received from Johnson Matthey of £601,000;
- Reduction in overheads to £590,000 (2004: £680,000);
- Loss on ordinary activities before taxation £542,000 (2004: £596,000);
Business highlights
- Launch of MDXI product range at the February 2005 IPOT exhibition;
- Preliminary results of Transport Security Administration ("TSA") trial in the US indicates significant improvement in detection rates when comparing 3D to 2D X-ray screening;
- Two non-executive directors appointed to strengthen Board;
Post period-end highlights
- Successful placing and open offer raises over £1million;
- Licence agreement signed with Galaxy Scientific Corp ("Galaxy") for sales of an aviation security computer based training software package;
- Interim sales and marketing manager appointed;
- Company Secretary, Louise George, promoted to Finance Director.
Ian Johnson, Chairman comments, "The commercial order book is stronger at £ 683,000 than at any time in the Company's history. The Company believes that its reputation has been significantly enhanced by having established a key reference site in Johnson Matthey."
For further information:
| Nicholas Fox | Chief Executive | 01664 503 600 |
| Ian Johnson | Chairman | |
| Toby Hall | GTH Communications | 020 7153 8039 |
| Howard Drummon | Keith Bayley Rogers Ltd | 020 7871 2232 |
View the full Interim Results in PDF format (51 KB).
