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Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - Says annual profit and revenue will be below market expectations. This is due to contract slippage into next year, amid government contract delays as well as component supply issues hitting its product ranges.
Chief Executive Vince Deery says: "Despite the challenges of the uncertain economic outlook, contract delays, supply side challenges and exchange rate concerns we retain our optimistic outlook for the future and an improved 2023. We continue to invest in new products and product developments to maintain and grow our market share."
In April, it reported a pretax loss of GBP345,000 in the six months to March 31, reflecting a wider loss from GBP201,000 a year before. It posted revenue of GBP790,000, down 9.0% versus GBP868,000.
Current stock price: 1.10 pence, down 19%
12-month change: down 61%
By Xindi Wei; xindiwei@alliancenews.com
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