Image Scan Holdings aims for the black
Year-end losses have narrowed at Barrow-upon-Soar-based Image Scan Holdings. The x-ray specialist said it was showing signs of breaking even at the end of 2011.
Image Scan made a loss of £237,000 on a turnover of £2.17m for the year ending 30 September 2011. In the previous year, it posted a £382,000 loss on £1.4m revenue.
The AIM-listed company specialises in producing real-time x-ray imaging for the security and industrial inspection markets
Image Scan said it would break even in the second half of 2011, adding that its year-end order book stood at £2.3m.
Order intake for the year reached £4.3m, a £2.9m increase on last year.
Brian Emslie, chairman of Image Scan, said: "The range and value of contracts secured during the year provide affirmation that the strategy adopted by the board over the previous two years is gaining traction.
"Growth in sales revenues has been achieved by the investment in an enlarged sales team actively working with agents and distributors to pursue sales of standard security systems whilst also pursuing high value industrial opportunities."
