(Sharecast News) - X-ray systems supplier Image Scan warned on Wednesday that its security sales had been "disappointing" during the third quarter of its trading year.
Image Scan now expects the unit to record a full-year loss in the region of £400,000.
"Our overall performance for the current financial year has been disappointing and we look to our extensive sales and product development initiatives to drive improved performance in FY 2019/20," said chairman Bill Mawer.
Elsewhere, Image Scan revealed it had scored a new contract worth more than £800,000 to provide its portable X-ray systems to an unnamed security organisation of a mystery European country.
The AIM-listed group's new contract was expected to be delivered in the first half of 2020 and, as a result, will not impact its sales and profits performance for the current year.
Mawer said: "This was an excellent win from a demanding customer against stiff competition and gives us confidence in the competitiveness of our portable X-ray systems in a crowded market."
As of 0940 BST, Image Scan shares had climbed 5.71% to 1.11p.
Image Scan Holdings (IGE)30 Apr 2024 19:54
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