Business
Trading Update And New Contract Awards
Image Scan Holdings PLC (AIM: IGE) issued a trading update on August 21, 2025, reporting a cash position of £771,000 at the end of July 2025, an improvement from £512,000 on March 31, 2025. While the company anticipates a positive second half of the year, supply chain issues impacting manufacturing and assembly times mean the full-year results are uncertain and current market guidance will likely not be met. Two new significant contracts were awarded: one to a North American customer for the MDXi-400 system and another to an Eastern European military organization for the ThreatScan® system. A large contract from a UK defense contractor is still pending, with an update expected in Q1 of the next financial year. The company is also delivering a double-digit quantity of ThreatScan® systems to a Southeast Asian customer, expected to be completed before the year-end. Disclaimer*
About this update from Image Scan Holdings Plc
[{"type":"text","content":"\n\n \nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n\nIMAGE SCAN HOLDINGS PLC\n(\"Image Scan\" or the \"Company\")\nTrading Update\nAnd\nNew Contract Awards\nImage Scan Holdings PLC (AIM: IGE), the specialist provider of X-ray screening systems, announces a trading update and two new contract awards, further strengthening its significant order book.\nAs indicated in the Interim Results announcement, the Board is anticipating a positive second half of the year, albeit the result for the full year will be dependent on the timing of order receipts and their subsequent delivery. Although the Board believes there are no fundamental issues with the Company's suppliers, long lead times in the supply chain are impacting manufacturing and assembly time. As a result, the outcome for the year ending 30 September 2025 remains uncertain but the expectation is that current market guidance will not be achieved.\nThe Company's cash position at the end of July was £771k, which represents an improvement on the cash position of £512k as at 31 March 2025 and is not expected to be materially different by the year end, however this will be dependent on timely receipts from new contracts and deliveries.\nThe Board is delighted with the two new significant contract awards, but it is as yet unclear whether these orders and other anticipated orders can be delivered before the year end.\nThe first order is for a new customer in North America for the Company's industrial MDXi-400 system, a significant success given the current maturity of this market. The second is an order for our latest portable ThreatScan® system for another new customer, an Eastern European military organisation. The Company is also in the process of delivering a double-digit quantity of ThreatScan® systems to a customer in Southeast Asia and anticipates this will be completed before the end of the financial year.\nThe Company continues to seek clarity in respect of the large contract timing received from a UK defence contractor, with a st...