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The latest update is out from Image Scan Holdings ( (GB:IGE) ).
Image Scan Holdings PLC has reported a slow start to the financial year, expecting a loss in the first half but remains optimistic about achieving increased profitability by year-end. Delays in a significant UK defense contract have impacted sales, but the company anticipates a stronger second half due to a robust sales pipeline and potential government tenders. The introduction of the ThreatScan®-AS2 alongside the AS1 model is expected to enhance market offerings. The company is also focusing on strategic growth through potential acquisitions and transitioning its industrial business towards after-sales support.
More about Image Scan Holdings
Image Scan Holdings PLC specializes in real-time X-ray imaging for security and industrial inspection markets. The company manufactures portable X-ray systems for security and counter-terrorism applications and has recently launched new X-ray machines in collaboration with partners. Its products are distributed globally through a network of international partners. Additionally, Image Scan has developed industrial X-ray inspection systems for the automotive emissions control market.
YTD Price Performance: 13.73%
Average Trading Volume: 240,741
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.97M
For an in-depth examination of IGE stock, go to TipRanks’ Stock Analysis page.