Kromek Group (KMK)

Sector:

Health Care

Index:

FTSE AIM All-Share

5.87p
   
  • Change Today:
    -0.18p
  • 52 Week High: 7.85
  • 52 Week Low: 4.45
  • Currency: UK Pounds
  • Shares Issued: 641.55m
  • Volume: 468,465
  • Market Cap: £37.67m
  • RiskGrade: 527
  • Beta: 0.00

Kromek receives first $25m under Siemens Healthineers agreement

By Iain Gilbert

Date: Monday 17 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Radiation detection business Kromek Group said on Monday that it had received $25.0m as part of its agreement with Siemens Healthineers.
Kromek noted that the funds not only marked the first payment under a multi-year agreement but would also enable it to become profitable in the current financial year.

The AIM-listed group noted that the payment comes hot on the heels of it satisfying the first milestone under its enablement agreement with Siemens.

Kromek noted that the additional aggregate payments of $12.5m, payable over the next four years, provide "a robust foundation" for delivering "significant" revenue growth.

Chief executive Arnab Basu said: "We are delighted to have received the first payment under our significant multi-year agreement with Siemens Healthineers.

"These funds will be used to support the delivery of various milestones under the agreement, significantly reduce our debt and strengthen our balance sheet, ultimately enhancing our operational capabilities. It also enables us to become profitable in the current financial year - which is a significant milestone."

As of 0915 GMT, Kromek shares were down 0.28% at 7.08p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kromek Group Market Data

Currency UK Pounds
Share Price 5.87p
Change Today -0.18p
% Change -2.95 %
52 Week High 7.85
52 Week Low 4.45
Volume 468,465
Shares Issued 641.55m
Market Cap £37.67m
Beta 0.00
RiskGrade 527

Kromek Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.97% above the market average29.97% above the market average29.97% above the market average29.97% above the market average29.97% above the market average
15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average
Price Trend
15.09% above the market average15.09% above the market average15.09% above the market average15.09% above the market average15.09% above the market average
40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average
Income Not Available
Growth
32.13% above the market average32.13% above the market average32.13% above the market average32.13% above the market average32.13% above the market average
31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average

Kromek Group Dividends

No dividends found

Trades for 03-Jun-2025

Time Volume / Share Price
09:16 32,071 @ 5.93p
08:01 85,678 @ 5.80p
08:01 85,678 @ 5.80p
08:01 85,678 @ 5.80p
08:00 159,880 @ 6.25p

Kromek Group Key Personnel

CEO Arnab Basu
CFO Claire Burgess

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