Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - Notes two new orders from police customers late in its second half. Following these orders, the company guides earnings of GBP2.9 million and trading profit close to break-even for the financial year ending September 30. Prior to these orders, the company had forecast a loss of GBP200,000 for financial 2021.
Its first order comes from the UK police and includes four ThreatScan-LSC portable X-ray systems. Says the company was selected for this contract after a "rigorous selection process". Sees its second order come from Police Department Bomb Squad in the US, who ordered two ThreatScan-LSC systems.
Chair and Chief Executive Bill Mawer said: "Orders from these police forces provide prestigious points of reference for future campaigns. It is also rewarding to see our sales efforts in the US achieve such an important first ThreatScan customer. The improvement in our anticipated result will preserve our cash position and allow us to continue to invest in our exciting product development programme."
Current stock price: 3.25 pence, up 35%
Year-to-date change: up 16%
By Scarlett Butler; scarlettbutler@alliancenews.com
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Image Scan Holdings (IGE)