Image Scan Holdings (IGE)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 2.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.40
  • 52 Week Low: 0.78
  • Currency: UK Pounds
  • Shares Issued: 167.60m
  • Volume: 31,279
  • Market Cap: 3.85m
  • RiskGrade: 383

Image Scan Holdings soars despite taking revenue hit

By Duncan Ferris

Date: Thursday 25 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Image Scan Holdings shares leapt on Thursday after the company said it expects to meet full year expectations despite disappointing first-half sales.
The AIM traded company, which provides X-ray imaging technology for the security and industrial inspection markets, reported interim revenue of 1.4m for the six months ended 31 March, down 28% compared to the same period last year, while the company swung from a profit before tax of 39,000 to a loss of 178,000.

Revenues were behind management expectations, in what Image Scan described as a reflection of "the unpredictable nature of government procurement processes", though activity is expected to increase in the second half of the year as customer decisions are due on several key projects.

Image Scan will start the second half of the year with a 1m order book, down from 1.1m at the same point last year, while cash and cash equivalents remained flat at 0.8m at the end of the period.

The company said it has a good pipeline of opportunity for its security offering and is expanding its market footprint by adding new partners to its network, while demand among major industrial customers is being driven by tighter emissions control legislation in countries such as India and China.

Bill Mawer, chairman and chief executive of Image Scan, said: "The recent decline in the share price is clearly disappointing for all shareholders. Our short-term strategy is a simple one: to take more of our X-ray inspection systems, to more markets, as fast as possible. The entire staff of the company is focused to this activity."

Image Scan Holdings' shares were up 13.96% at 1.51p at 0921 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.

 

IGE Market Data

Currency UK Pounds
Share Price 2.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.40
52 Week Low 0.78
Volume 31,279
Shares Issued 167.60m
Market Cap 3.85m
RiskGrade 383

IGE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.51% below the market average43.51% below the market average43.51% below the market average43.51% below the market average43.51% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
14.20% above the market average14.20% above the market average14.20% above the market average14.20% above the market average14.20% above the market average
2.56% below the sector average2.56% below the sector average2.56% below the sector average2.56% below the sector average2.56% below the sector average
Income Not Available
Growth
24.29% below the market average24.29% below the market average24.29% below the market average24.29% below the market average24.29% below the market average
21.05% below the sector average21.05% below the sector average21.05% below the sector average21.05% below the sector average21.05% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IGE Dividends

No dividends found

Trades for 24-Feb-2020

Time Volume / Share Price
10:04 10,382 @ 2.35p
08:52 20,000 @ 2.11p
08:09 158 @ 2.37p
08:05 739 @ 2.37p

IGE Key Personnel

Finance Director Sarah Atwell-King

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