Press Releases
Preliminary results for the year ended 30 September 2006
15 January 2007
Image Scan, a world leader in the field of real-time 3D and 2D x-ray imaging for the ‘Homeland Security’ and ‘Industrial Inspection’ markets, announces preliminary results for the year ended 30 September 2006, which reflect significantly increased sales, reduced losses and an overall improvement in gross margin.
Key points
- Five fold increase in the year end order book to £1.7m (2005: £326,000);
- Sales up 69% to £1,422,000 (2005: £843,000);
- Improved gross margin of 50% (2005: 47%);
- Loss on ordinary activities after taxation reduced to £470,000 (2005: £692,000);
- Total order intake in 2006 of £2.8m;
- Growing maintenance and spares contracts represent a new, repeat income stream;
- Signed two distribution and a licence agreement within the security sector;
- Progress towards profitability continues.
Peter Woods, Chairman of Image Scan, commented:
“We have made significant advances in the commercialisation of our technology and the conversion of sales opportunities. At the year end, the order book stood at £1.7m (2005: £326,000). Future prospects look strong with a substantial sales leads pipeline resulting from new distribution and licence agreements and increased marketing activity.
"The Board anticipates another significant increase in annual turnover, and continuing progress towards profitability in 2007.”
Enquiries:
| Image Scan Holdings plc | +44 (0) 1664 503 600 |
| Peter Woods, Chairman | |
| Nicholas Fox, CEO | |
| info@ish.co.uk | |
| Bishopsgate Communications Ltd |
+44 (0) 207 562 3350 |
| Dominic Barretto Jenni Herbert |
|
| jenni@bishopsgatecommunications.com | |
| KBC Peel Hunt | +44 (0) 121 698 8505 |
| Nick Maslen | |
| nick.maslen@kbcpeelhunt.com |
