Image Scan reports mixed interim financial results

Published 20/05/2025, 08:36
Image Scan reports mixed interim financial results

LONDON - Image Scan Holdings PLC (AIM:IGE), a specialist supplier of X-ray screening systems, announced mixed financial results for the six-month period ending March 31, 2025. The company reported a decline in revenue to £350k, down from £1,061k in the same period the previous year. Despite improved gross profit margins, which rose to 59% from 54%, the company experienced a pre-tax loss of £422k, significantly higher than the £120k loss reported in the first half of 2024.

The company’s order intake fell sharply to £315k, compared to £1,136k in the prior year, and its period-end bank balance decreased to £512k from £759k. However, the period-end order book showed a substantial increase to £4,720k, compared to £729k the previous year.

Operational activities during the period included extensive marketing efforts and product demonstrations in various regions, including the UK, USA, Middle East, South East Asia, and Europe. Post-period, the company secured a noteworthy order exceeding £300k from Australasia for diplomatic security, underscoring interest in its new products and affirming its product development strategy.

CEO Vince Deery expressed disappointment with the first-half performance, attributing it to delays in a significant defence contract and geopolitical uncertainties affecting customer budgets and decisions. Nevertheless, the company remains optimistic about its pipeline of opportunities and is actively promoting its product range while managing costs.

The company’s financial position reflects a challenging period, with an order intake and revenue downturn but an encouraging order book for future realization. Image Scan’s strategy focuses on managing costs and promoting its product range in anticipation of market improvements and the resolution of defence contract delays.

This report is based on a press release statement from Image Scan Holdings PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.