A TECHNOLOGY firm is pressing ahead in a “turning point year” after securing a £1.1m healthcare contract.
Dr Arnab Basu says Kromek is primed for further growth, including expansion in a near £1bn medical market, after strengthening its international reputation with a raft of contracts.
He also confirmed the business is edging closer to its first profit, with progress to trim earnings before interest, tax, depreciation and amortisation (EBITDA) losses to £300,000 a marker of its progress.
The business has grown in recent years, with contracts to supply equipment capable of diagnosing medical ailments complemented by security agreements to supply airport bottle scanners capable of spotting explosives.
It has also sent thousands of radiation detectors to US security chiefs to help identify threats including ‘dirty bombs’, and is a qualified contractor on a £6m US Department of Defense framework.