Press Releases
Preliminary Results for the Year ended 30 September 2005
13 December 2005
Image Scan Holdings (AIM:IGE), a leading provider of 3D and multi-view, X-ray imaging technologies for the security and industrial inspection markets, today announces preliminary results for the year ended 30 September 2005.
Key Points
- Sales of £843,000 up by 98% (2004: £425,000);
- Gross profit of £399,000 more than doubled (2004: £186,000);
- Group loss before tax of £722,000 substantially reduced (2004: £1,255,000);
- Basic and diluted loss per ordinary share at 2.7p (2003: 6.3p);
- The Board and sales management teams have been strengthened;
- Repeat sales such as those to Johnson Matthey accounting for the majority of turnover;
- Renewed relationship with Rapiscan in October 2005 giving rise to early revenue of £345,000;
- A new explosives ordnance security product TPXi was launched in November 2005;
- Year end order book of £326,000 (2004: £nil), rising to £684,000 by the end of October 2005.
Peter Woods, Chairman of Image Scan Holdings Plc, commented:
"During the year we concentrated on broadening our industrial customer base and are currently in discussion with over twenty companies. We launched TPXi, our new security product targeted at explosives and ordnance detection, in November 2005 at the Milipol exhibition in Paris. The market reaction at Milipol and since the launch has been extremely positive. We believe the significant achievements of 2005 will continue into 2006."
For further information:
| Nick Fox Peter Woods |
Chief Executive Chairman |
01664 503 600 |
| Toby Hall | GTH Communications | 020 7153 8039 |
| Howard Drummon | Keith Bayley Rogers Ltd | 020 7871 2232 |
