StockMarketWire.com - Image Scan Holdings said Friday it expected to report a loss for the full-year amid lower revenues and spiralling costs.

'With lower expected revenues for the year coupled with the exceptional costs associated with the aborted fundraise and acquisition of Todd Research, which are estimated to have a total impact on profit of £270k, the Company expect to make a loss in full year of 2018,' the company said.

Expectations for lower revenues come as second-half sales of portable X-ray systems to security and counter terrorism forces was slower than the company had anticipated.

The company guided year-end total sales in the range of £3.4m to £3.8m.


At 9:03am: [LON:IGE] Image Scan Holdings PLC share price was -0.55p at 3.2p



Story provided by StockMarketWire.com