Loughborough manufacturer set to break even after landing double police order
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Image Scan, the Loughborough X-ray manufacturer, says it will break even this year after securing new orders from police customers late in its second half.
The first order is from a UK Police Force and is for four ThreatScan®-LSC portable X-ray systems.
The second order is for a further two ThreatScan®-LSC systems and is from a Police Department Bomb Squad in the USA. This order is the first sale of Image Scan’s ThreatScan® portable X-ray systems in the USA.
Image Scan says that both orders will be delivered before the end of the financial year. The board says earnings guidance for the year ending 30 September 2021 will see sales of approximately £2.9m and a trading profit performance close to breakeven. This is against a previously forecast loss of £200,000.
Bill Mawer, chairman and chief executive officer of Image Scan, said: “I am delighted by these contract awards for our highly integrated ThreatScan®-LSC systems. Orders from these police forces provide prestigious points of reference for future campaigns. It is also rewarding to see our sales efforts in the USA achieve such an important first ThreatScan® customer. The improvement in our anticipated result will preserve our cash position and allow us to continue to invest in our exciting product development programme.”