Kromek Group PLC (KMK.L), a developer of radiation detection solutions, Monday reported loss before tax from continuing operations of 3.46 million pounds for the full year, narrower than 7.29 million pounds loss in the previous year, primarily helped by growth in revenue.
Operating loss was 1.62 million pounds, lower than 6.05 million pounds loss last year. Excluding one-time items, operating loss was 1.38 million pounds.
Net loss from continuing operations decreased to 3.29 million pounds or 0.6p per share from 6.1 million pounds or 1.4p per share loss a year ago.
Adjusted EBITDA, or adjusted earnings before interest, taxes, depreciation, and amortization was 3.11 million pounds compared with 978,000 pounds loss last year.
Revenue for the year grew 12 percent to 19.40 million pounds from 17.31 million pounds in the previous year.
Looking ahead, Kromek expects positive EBITDA in fiscal 2025 and significant revenue growth.
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