News & Comment
X-ray imaging specialist Image Scan has slashed annual losses 77 per cent to £60,000 and raised £3 million at 15p.
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Imaging product developer ImageScan is understood to be poised to launch a key new security-linked product next week.
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Imaging product developer Image Scan is expected to follow recent order wins for industrial inspection equipment with product launches for security customers, including the military.
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Aim-listed Image Scan – developer of 3D x-ray and light scanning technologies for the security and industrial sectors – grew sales 700 per cent to £502,697 in the year to September and, having recently signed a commercial agreement with security systems specialist Rapiscan, anticipates further strong growth in 2002/03. Elliott Davis reports.
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Recommendations
In a disappointing update that decimated an already low share price, x-ray imaging group Image Scan warned of losses of £600,000 for the year to September, wider than the £500,000 deficit incurred in 2006.
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Image Scan
SPECULATIVE BUY 15/01/2007
Growth Company Investor flagged up Image Scan’s speculative attractions in November, and with chief executive Nicholas Fox predicting a move into profits this year, we retain our cautiously optimistic stance.
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Image Scan
SPECULATIVE BUY 15/11/2006
Image Scan develops state-of-the-art 3D and 2D x-ray technology ‘solutions’ for a burgeoning band of customers.
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Image Scan
SPECULATIVE BUY 18/12/2003
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Image Scan
NO RECOMMENDATION 17/12/2002
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Image Scan
NO RECOMMENDATION 25/04/2002
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Sector Articles
Aim has engaged in a bout of spring-cleaning in recent weeks. In all, six companies have been cleared out, including failed e-commerce venture Emondo.com, cash-returning former textiles business French and loss-making film equipment leasing specialist VFG. The list of departed extends to ActionLeisure, Virtual Internet and Nottingham Forest Football Club.
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