Image Scan warns of 'disappointing' security sales

X-ray systems supplier Image Scan warned on Wednesday that its security sales had been "disappointing" during the third quarter of its trading year.

Electronic & Electrical Equipment

9,451.64

16:54 04/11/24

-0.10%

-9.15

Image Scan Holdings

3.10p

16:55 04/11/24

-6.06%

-0.20p

Image Scan now expects the unit to record a full-year loss in the region of £400,000.

"Our overall performance for the current financial year has been disappointing and we look to our extensive sales and product development initiatives to drive improved performance in FY 2019/20," said chairman Bill Mawer.

Elsewhere, Image Scan revealed it had scored a new contract worth more than £800,000 to provide its portable X-ray systems to an unnamed security organisation of a mystery European country.

The AIM-listed group's new contract was expected to be delivered in the first half of 2020 and, as a result, will not impact its sales and profits performance for the current year.

Mawer said: "This was an excellent win from a demanding customer against stiff competition and gives us confidence in the competitiveness of our portable X-ray systems in a crowded market."

As of 0940 BST, Image Scan shares had climbed 5.71% to 1.11p.