23rd Feb 2016 08:35
LONDON (Alliance News) - Shares in Image Scan Holdings PLC were up 22% Tuesday morning as the company expressed optimism for its first half performance on GBP1.0 million of new orders.
This adds to GBP600,000 in orders that were carried forward from the previous year to end-September, the X-ray imaging technology company said.
Back at the time of reporting its full year results in December, Image Scan reported a widened pretax loss which it attributed to the delayed availability of its new portable X-ray systems.
In a statement ahead of its annual general meeting Image Scan said Tuesday it has sped up promotion of its portable X-ray products with exhibitions, demonstrations and customer trials. Additionally, its new Precision Linescan Detector project, supported by UK government grant funding, is on schedule.
"It has been gratifying to see the return of multi-unit orders for our portable X-ray systems while 'in the field' reports from customers using the new technology have been very positive. The continued strength of the order book for our industrial x-ray systems confirms our strength in this particular niche market. I am at this point optimistic for our first half performance and look for continued strong order intake to support the second half," said Chairman and Chief Executive Bill Mawer in a statement.
Shares in Image Scan were up 22.4% at 2.45 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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