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Investegate |Kromek Group PLC Announcements | Kromek Group PLC: Notice of AGM and Publication of Annual Report

Investegate |Kromek Group PLC Announcements | Kromek Group PLC: Notice of AGM and Publication of Annual Report
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Investegate |Kromek Group PLC Announcements | Kromek Group PLC: Business and Trading Update

Kromek (AIM: KMK), a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, provides an update on business and trading ahead of announcing its results for the year ended 30 April 2021, in July 2021.

As noted in the Group s interim results announcement, orders and shipments across all of the Group s segments resumed in the final two months of the first half of the year and as such the Board was pleased to enter H2 2020/21 with an extensive commercial pipeline and experiencing increased commercial activity. This momentum continued throughout the second half as the Group delivered on previously awarded contracts and won new orders. As a result, the Group has achieved significant sequential revenue growth in H2 over H1 2020/21 and expects to report revenue and EBITDA for the year ended 30 April 2021 in line with market expectations. The Group continues to maintain tight cost control, improve collections and manage ....

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Investegate |Kromek Group PLC Announcements | Kromek Group PLC: Placing and Open Offer to raise up to £13 million

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under
The Market Abuse Regulation (EU 596/2014) pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2018. Upon the publication of this announcement via a Regulatory Information Service ( RIS ), this inside information is now considered to be in the public domain.
Not for publication, distribution or release directly or indirectly, in whole or in part, in or into the United States of America, Canada, Australia, Japan, the Republic of Ireland, the Republic of South Africa, New Zealand, Cayman Islands, Barbados, Switzerland, the State of Kuwait or Singapore in or into any other jurisdiction where offers or sales would be prohibited by applicable law. This announcement ....

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Investegate |Kromek Group PLC Announcements | Kromek Group PLC: Funding to advance Bio-Threat Detection solution

Kromek receives Innovate UK funding to advance Biological-Threat Detection solution
Funding received for customisation of system for automated detection of airborne SARS-CoV-2 and identification of novel and mutating viruses

Kromek (AIM: KMK), a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, announces that it has commenced a £1.25m programme funded by Innovate UK to customise its biological threat-detection solution for the automated detection of all airborne viruses, including COVID-19, to support end-use cases.

The Group s solution is designed to be deployed in high footfall locations, such as airports, hospitals, retail outlets and entertainment venues. The base technology, which is fully developed, samples the air in-situ to detect and analyse airborne pathogens using DNA sequencing. In response to the pandemic, the initial focus is on productising the technology to develop a sy ....

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Investegate |Kromek Group PLC Announcements | Kromek Group PLC: Interim Results

·
Gross margin was 54% (H1 2019/20: 58%; FY 2019/20: 47%)
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Adjusted EBITDA was £0.9m loss (H1 2019/20: £0.6m loss)
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Loss before tax was £3.4m (H1 2019/20: £2.7m loss)
·
Cash and cash equivalents at 31 October 2020 were £5.8m (30 April 2020: £9.4m; 31 October 2019: £13.4m)

Adjusted EBITDA is defined as earnings before interest, taxation, depreciation, amortisation, other income and share-based payments. For further details, see the Financial Review below.

Operational Summary
·
Resumption of orders and shipments across all segments in final two months of the period with business patterns starting to return to normal and increased commercial activity post period
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Continuing commercial traction and development of D3S family of products, which has been sold in over 25 countries ....

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