Press Releases
Interim results for the six months ended 31 March 2007
21 May 2007
Significantly increased turnover and a reduced loss edges the Company towards profitability
The Board of 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 interim results for the six months ended 31 March 2007.
HIGHLIGHTS
- Company approaching break-even;
- Loss before tax down to £60,000 (2006: £278,000);
- Loss per share down to 0.17p (2006: 0.80p);
- Turnover up 50% to £1,133,000 (2006: £755,000);
- Gross margin strengthened to 50% (2006: 45%);
- Three-fold increase in order book to £945,000 (2006: £253,000);
- Ongoing sales with Blue Chip clients such as British Nuclear Group & Johnson Matthey; and
- Placing agreed in May to raise £3m before expenses.
Commenting on the results, Peter Woods, Chairman, stated: "The Board is pleased with the improvement in the Company's financial results as it moves towards profitability, and at the high level of interest shown by both the Industrial and Security markets in our products and technology.
"The Company is seeking to raise £3m in order to provide the necessary resources and working capital to optimise the opportunities we have created and accelerate future growth."
Enquiries:
| Image Scan Holdings plc | Tel: +44 (0) 1664 503 600 |
| Peter Woods, Chairman | |
| Nicholas Fox, CEO | |
| info@ish.co.uk | |
| Bishopsgate Communications Ltd | Tel: +44 (0) 207 562 3350 |
| Dominic Barretto | |
| Jenni Herbert | |
| jenni@bishopsgatecommunications.com | |
| Seymour Pierce Ltd | Tel: +44 (0) 207 107 8100 |
| David Newton | |
| davidnewton@seymourpierce.com |
For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com.
