September 21, 2014 1:04 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Kromek Group plc

Company Overview

Kromek Group plc designs, develops, and produces x-ray and gamma-ray imaging, and radiation detection products for medical, security screening, and nuclear markets in the United Kingdom, North America, Asia, Europe, and Australasia. The company’s nuclear detection products include Kromek GR1, a gamma ray spectrometer; GR1-A, a USB-powered gamma spectrometer; SIGMA, a technology platform of scintillator products; TN15, a sensitivity thermal neutron detector; RadAngel, a personal radiation detector; MultiSpect spectrometry software; and Quant for GR1, a solution for measuring the activity of radionuclides. Its nuclear detection products also comprise RadAngel for Schools, a portable gamma-ray ...

NETPark

Thomas Wright Way

Sedgefield,  TS21 3FD

United Kingdom

Founded in 2003

105 Employees

Phone:

44 1740 626060

Fax:

44 1740 626061

Key Executives for Kromek Group plc

Chief Executive Officer and Executive Director
Age: 41
Total Annual Compensation: $177.0K
Chief Financial Officer
Age: 48
Total Annual Compensation: $48.0K
Compensation as of Fiscal Year 2014.

Kromek Group plc Key Developments

Kromek Group plc Reports Unaudited Consolidated Earnings Results for the Year Ended April 30, 2014

Kromek Group plc reported unaudited consolidated earnings results for the year ended April 30, 2014. For the year, the company reported revenue of GBP 5,972,000 compared to GBP 2,961,000 for the same period last year. Operating loss of GBP 3,780,000 compared to GBP 3,902,000 for the same period last year. Loss before tax of GBP 4,295,000 compared to GBP 1,656,000 for the same period last year. Loss for the period from continuing operations was GBP 3,189,000 or 0.05 basic and diluted loss per share compared to GBP 643,000 or 0.08 basic and diluted loss per share for the same period last year. Adjusted basic and diluted loss per share was GBP 0.05 compared to GBP 0.40 a year ago. Net cash from operating activities was GBP 2,149,000 compared to GBP 1,245,000 for the same period last year. Purchase of property, plant and equipment was GBP 187,000 compared to GBP 58,000 a year ago. Purchases of patents and trademarks were GBP 567,000 compared to GBP 58,000 a year ago. EBITDA was GBP 2,483,000 compared to GBP 773,000 a year ago. Adjusted EBITDA was GBP 2,483,000 compared to GBP 3,191,000 a year ago.

Kromek Group plc Wins a Network Detector Development Programme by the US Defense Advanced Research Projects Agency

Kromek Group plc announced that it has been awarded up to $1.23 million for a 12-month programme with the U.S. Defense Advanced Research Projects Agency (DARPA) commencing immediately. This is to develop an advanced portable detection system for gamma and neutron radiation that can be combined in large networks, providing information on radiation signatures over an extended area. The programme is geared towards procurement in Year 2 and beyond. DARPA is an agency of the United States Department of Defense and responsible for maintaining the technological superiority of the U.S. military.

Kromek Group plc Wins Contract to Provide Bottle Scanner Technology to Number of Airports in Asia

Kromek Group plc announced a contract win in the security market, providing its advanced bottle scanner technology to a number of airports in Asia. This initial contract is worth USD 620,000. The company's bottle scanner makes use of multispectral x-ray technology to scan liquid, aerosol and gel containers being taken on to aeroplanes for the presence of dangerous liquids. The order will see company's bottle scanners distributed across multiple airports. Unlike other bottle scanning technologies, the company's multispectral x-ray detection technology is suitable for integration in baggage scanning equipment as well as in the Bottle Scanner. This technology allows a possible pathway to cater for changing security threats, such as explosives concealed inside small electronic devices and laptops; a function which has already been successfully demonstrated.

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