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Kromek Group PLC on Monday said it expects to report full-year revenue growth, as it also guided for a swing to half-year profit. The Sedgefield, England-based detection technology supplier said it expects to report at least £14.5 million in revenue for the six months ending on Friday, multiplying from £3.7 million a year prior. Within this, revenue generated under its enablement agreement with Erlangen, Germany-based medical technology company Siemens Healthineers AG is expected to contribute at least £8.2 million. In January, the pair inked a deal that sees Kromek provide know-how and use rights of IP on a non-exclusive basis. It supplies CZT-based detector tiles and furnaces and related services, as part of an enablement agreement and patent licensing deals. ‘Under the enablement agreement, the group will be paid a total of $37.5 million in cash in four instalments over a four-year period, with the first instalment of $25.0 million to be received in the current financial year, a material amount of which will be recognised as revenue,’ Kromek said at the time. On an underlying basis for the half-year, Kromek sees its top line advancing to at least £6.3 million from £3.7 million, representing growth of 70%. Owing to the anticipated top line gains, Krokem expects to report an improved gross margin and a swing to a profit before tax at its interim results, compared to a £5.7 million pretax loss the prior year. Kromek also anticipates reporting positive adjusted earnings before interest, tax, depreciation and amortisation, swinging from an adjusted Ebitda loss of £2.3 million. Drawing confidence from first-half trading, Kromek said it expects to report revenue growth for the full-year as well, with results seen in line with market expectations. Kromek is holding its annual general meeting on Monday. It didn’t say when it will release its interim results. It report its results for the financial year that ended April 30 on September 16. Shares in the company were down 1.9% at 7.11 pence on Monday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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