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Share Price Information for Kromek (KMK)

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Share Price: 7.85
Bid: 7.50
Ask: 8.20
Change: 0.00 (0.00%)
Spread: 0.70 (9.333%)
Open: 7.85
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Kromek warns of contract delays from government and OEM customers

Fri, 17th Apr 2015 08:16

Shares in x-ray and gamma-ray detection company Kromek were traded 10% lower after it warned that revenue growth for the full year would be lower than it had recently boasted.At the time of its interim results in January, Kromek, whose products are used by the security, narcotics, civil nuclear, counterfeit testing, medical and defence industries, had told investors that revenues in the second half would double over those of the first.But delivery of a pair of contracts worth a combined £1m has been pushed back into the next financial year, meaning the second half will be 53% higher than the first.Kromek, which recently secured its finances with a £3m revolving credit facility with HSBC, added that its increasing order book and strong pipeline provided it with improved visibility going forward, but that dealing with government agencies and OEMs was "making it difficult to predict the exact timing of some of the contracts".The market was unimpressed despite the AIM-listed company saying full year sales will still increase 38% to £8.1m for the year to 30 April, with a further £0.5m contract subject of advanced-stage negotiations and an extension to its US Department of Defense contract announced on the same day.Furthermore to the positive, the Anglo-American company expects full year earnings before interest, tax, depreciation and amortisation to be in line with market expectations, including being EBITDA-positive for the second six months of the year thanks to better revenue mix and tight cost control.On its outlook for the new fiscal year, management said they believe the largest opportunities are in the three areas of computerised tomography (as used in CT scans), single-photon emission computed tomography (SPECT - providing 3D scans) and portable advanced radiation detectors, where its technologies bring "important and differentiated performance advantages".
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9 Jan 2023 13:16

Kromek secures repeat US government order for radiation detector

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has secured a repeat order worth $0.8m from a US government customer, it announced on Monday, for its 'D3S ID' wearable nuclear radiation detector.

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9 Jan 2023 12:38

Kromek inks USD800,000 repeat order with US government customer

(Alliance News) - Kromek Group PLC on Monday said it has secured a repeat order from an unnamed US government customer that is worth USD800,000.

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19 Dec 2022 22:01

TRADING UPDATES: GCM resources loss narrows; Kromek extends deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Dec 2022 12:44

Kromek inks expanded deal with Smiths Detection

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has entered into a distribution agreement with threat detection and security screening provider Smiths Detection, it announced on Monday.

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12 Dec 2022 21:54

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Nov 2022 14:46

TRADING UPDATES: Castings sees interim sales rise; Kromek wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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16 Nov 2022 14:01

Kromek secures £5m UK threat detection system contract

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has secured a contract with a UK government department, it announced on Wednesday, to develop and supply biological threat detection systems.

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17 Oct 2022 14:10

Kromek hails integration of detectors in digital CT scanner

(Alliance News) - Kromek Group PLC on Monday said its digital detectors have been used in the world's first digital SPECT/CT scanner for higher energy imaging.

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21 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

Thursday 22 September 
Begbies Traynor Group PLCAGM
Ecofin Global Utilities & Infrastructure Trust PLCGM pre-emption rights
IG Design Group PLCAGM
Liontrust Asset Management PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Rockwood Strategic PLCGM trading on the Premium Segment
Trakm8 Holdings PLCAGM
Worsley Investors LtdAGM
Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
  
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23 Aug 2022 12:03

Kromek Group raises GBP1.1 million in convertible loan notes

(Alliance News) - Kromek Group PLC on Tuesday announced it has raised further funds via convertible loan notes.

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5 Aug 2022 11:58

Kromek shares jump following GBP1.7 million fundraise

(Alliance News) - Kromek Group PLC on Friday said it has raised GBP1.7 million through an issue of convertible loan notes to existing and new investors.

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5 Aug 2022 10:47

AIM WINNERS & LOSERS: Amte wins Cosworth deal; Kromek raises funds

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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2 Aug 2022 12:13

EARNINGS UPDATES: RIT Capital outperforms index; Smithson NAV drops

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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7 Jul 2022 12:40

Kromek signs distribution contract with Smiths for radiation detectors

(Alliance News) - Kromek Group PLC on Thursday said it has entered into an agreement with Smiths Detection Inc to distribute its radiation detection equipment to North and South American markets.

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25 May 2022 22:02

TRADING UPDATES: Tekcapital fundraise; Kromek wins US government order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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