Technology company sees revenues rise but fails to narrow pre-tax losses

Kromek CEO Arnab Basu
A radiation detection technology company with a Huddersfield research base has reported a 27% rise in revenues to £4.8m for the first half of the year but pre-tax losses remain static. Kromek this morning announced its results for the six months ended 31 October. Its revenues increased to £4.8m from £3.8m but pre-tax losses stood at £1.8m; the same as the first half of 2016. The firm said its gross margins had improved to 63% from 53% and that EBITDA losses narrowed from £600,000 to £300,000. Kromek said the half-yea... For the full story register now for free or login below...