The chief executive of Sedgefield-based detection technology developer Kromek has said that it has “ended the year in better a position than we began it”, after reporting an increase in revenue and a number of contract wins.
In its final results for the year ended 30 April 2022, the listed company reported revenue of £12m, up from £10.4m in the prior period.
Pre-tax losses reduced from £6.3m to £6.1m, while adjusted EBITDA loss also decreased from £1.7m to £1.2m.
Kromek Group plc designs, develops and produces x-ray and gamma-ray imaging and radiation detection products for the medical, CBRNe security, Homeland Security and civil nuclear radiation detection markets.