This has taken a number of years of hard work to reach this point. They have more than one revenue stream but this big order justifys the wait. am now just above water for the first time in a while. When you read the results you can see where this is going. I would hope that on normal earnings this share needs rerating back to the 15-20p a share in due course. |
But doesn't todays agreement with Siemens Medical Solutions change all that?
"the Group will be paid a total of $37.5m in cash in four installments over a four-year period, with the first installment of $25.0m to be received in the current financial year, a material amount of which will be recognised as revenue". |
Before making this a core holding you should look through what has been said in all the previous results and compare to today. It’s almost copy and paste in my opinion |
 Been nibbling away , will make this as one my core holdings.
Outlook for the foreseeable future is very positive after this deal.
Dr Arnab Basu, CEO of Kromek, said: "As we stated at the time of the full year results in October last year, Kromek was actively engaged with OEMs to drive delivery of products and monetisation of the valuable intellectual property the Group has developed in the advanced imaging area. We also said we were confident that these initiatives would benefit the Group and drive a significant increase in both revenue and cash generation in the second half of FY 2025. Today's announcement is an exciting moment as both Siemens Healthineers and Kromek are aligned in our vision to enhance healthcare through technological advancements.
"The initial $25.0m payment from Siemens Healthineers will be used to support the delivery of various milestones under the agreements, significantly reduce our debt and strengthen our balance sheet, ultimately enhancing our operational capabilities. These significant agreements enable us to deliver profitability in FY 2025, significantly ahead of market expectations and lay the groundwork for further growth in revenues and sustainable profitability beyond that period.
"Looking beyond FY 2025, we expect to deliver growth in revenues for the fifth year in a row in FY 2026 and remain profitable as we continue to deliver on our agreement with Siemens Healthineers and our other OEM customers as well as the CBRN contracts won with governmental agencies in UK and abroad. Consequently, the Board looks to the future with confidence. " |
Exit liquidity for someone |
Yes going back up |
Big buys coming in |
It will gradually increase to the teens over the week to come. |
Why is the share price not at mid teens like they were a few years ago?This is the best state this company has ever been in. It should be 20p plus |
A game changer for the company :)
Kromek plans to utilise the initial $25.0m installment to support delivery under the Enablement Agreement, reduce its debt and significantly strengthen its balance sheet. As a result of the Agreements and recognising a material amount of the first installment under the Enablement Agreement as revenue in FY 2025, the Group expects to become profitable in the current year, with profit significantly ahead of market expectations. The Group also expects to achieve further revenue growth beyond FY 2025 while delivering sustainable profits. |
Cutting edge tech kmk |
It is a game changer blue chips follow blue chips. |
A phenomenal deal!!!
The company will beat earnings significantly for the current year. |
It's a life saver not a game changer |
"The initial $25.0m payment will be used to support the delivery of various milestones under the agreements, significantly reduce our debt and strengthen our balance sheet, ultimately enhancing our operational capabilities. These significant agreements enable Kromek to report FY 2025 profit ahead of market expectations and lay the groundwork for further growth in revenues and sustainable profitability beyond that period. |
another multi-year contract announcement...........
- and just look at those horrible, horrible half-year figures.
all imo. dyor.
qp |
Into double figures soon |
Totally transnational biggest deal I can recall in years on aim |
MMS will try and spike people in while those in or stale sellers will sell out |
News leaked last week by the looks of it |
8p pre open already |
The full years forecasts, with this deal forming so much of it, are virtually baked in. Tonight I will be popping a few corks! |
The shorters must be quaking. A blue chip deal like this means others will follow. This is a deal and then some. Well done all! |
They are getting 20m pretty much straight away? |
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