Kromek Group (KMK)

Sector:

Health Care

Index:

FTSE AIM All-Share

21.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 27.00
  • 52 Week Low: 10.50
  • Currency: UK Pounds
  • Shares Issued: 344.56m
  • Volume: 364,650
  • Market Cap: £74.08m
  • RiskGrade: 494

Kromek Group glows after slashing losses

By Duncan Ferris

Date: Thursday 27 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Kromek Group's shares climbed on Thursday after it reported double-digit revenue growth and said it remained confident of further growth in the year ahead.
The radiation detection technology supplier achieved revenue of £14.5m for the year ended 30 April, which was 23% higher than in the year before, as product sales grew by 25% to £12.1m and revenue from research & development contracts increased by 14% to £2.5m.

Higher revenues helped the AIM traded company narrow its loss before tax from £2.5m to £1.3m.

During the yea, Kromek also relocated its US operations to new purpose-built premises near Pittsburgh, Pennsylvania, which the company said would allow for further capacity expansion, while also investing in expanding capacity at its UK manufacturing facility and significantly increasing process automation in both the UK and US.

Arnab Basu, chief executive of Kromek, said: "Looking ahead, we entered the 2019/20 fiscal year in a stronger position than ever before. With the increasing market adoption of customers' next-generation products that incorporate our radiation detection solutions, we are receiving increasing demand from existing customers as well as interest from potential customers - and we are well-placed to capitalise on these opportunities. The momentum of new contract wins has continued, providing us with greater visibility over revenue."

Basu added that, as a result, the board were confident of delivering growth for full year 2019/20, in line with market expectations and continued to look to the future with confidence.

Kromek Group's shares were up 11.21% at 24.19p at 1606 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kromek Group Market Data

Currency UK Pounds
Share Price 21.50p
Change Today 0.50p
% Change 2.38 %
52 Week High 27.00
52 Week Low 10.50
Volume 364,650
Shares Issued 344.56m
Market Cap £74.08m
RiskGrade 494

Kromek Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.4% below the market average1.4% below the market average1.4% below the market average1.4% below the market average1.4% below the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Price Trend
42.01% above the market average42.01% above the market average42.01% above the market average42.01% above the market average42.01% above the market average
5% below the sector average5% below the sector average5% below the sector average5% below the sector average5% below the sector average
Income Not Available
Growth
36.88% above the market average36.88% above the market average36.88% above the market average36.88% above the market average36.88% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

Kromek Group Dividends

No dividends found

Trades for 04-Jun-2020

Time Volume / Share Price
14:58 23,929 @ 21.18p
14:32 15,000 @ 21.68p
14:32 19,000 @ 21.18p
13:51 4,978 @ 21.18p
13:26 9,000 @ 21.70p

Kromek Group Key Personnel

CEO Arnab Basu
CFO Derek Bulmer
Chair Peter Williams

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