Prelims released11 Dec 2012 07:47
Preliminary results for the year ended 30 September 2012.
KEY POINTS
· Revenue doubled to £4,301,000 (2011: £2,173,000)
· Gross margin of 38% (2011: 41%)
· Increased overheads to £1,624,000 (2011: £1,169,000) reflecting a significant investment of £388,000 (2011: £137,000) in product development to support sales growth
· Maiden profit on ordinary activities after taxation of £108,000 (2011: loss of £237,000)
· Current cash balance of £343,000
· Current order book of £450,000
POST YEAR-END EVENTS
· The Company is pleased to announce that Vincent James Deery will join its Board as an Executive Director, effective 1 January 2013. Vincent (aged 44) is an experienced sales professional whose early career and comprehensive sales management training was undertaken at the General Electric Company. After attaining an Honours Degree in Manufacturing Engineering, Vincent has subsequently followed a successful career path in sales and business development in a wide range of high technology sectors include power control, oil & petrochemical, and metrology. After gaining extensive experience in developing global networks and distribution channels with his previous employers, Vincent joined 3DX-Ray Limited in 2008 where he has held the position of Sales and Marketing Director.
· The Company also advises that Nick Fox will be stepping down as Chief Technical Officer as of 11 June 2013 but will be retaining his position on the board as a Non-Executive Director.
· Vincent Deery is currently a Director of 3DX-Ray Limited and has an interest in 8,077 ordinary shares in the Company