---
title: "Kromek releases end of year results"
description: "CBRNe World provides those tasked with defending against CBRN and IED threats with the essential practical, scientific and political information. Access the current and previous issues of the magazine by registering as a member."
url: "https://cbrneworld.com/news/subscribers/kromek-releases-end-of-year-results"
date: "2026-07-30T21:12:18+00:00"
language: "en-GB"
---

#  Kromek releases end of year results

 Written by Zoe Rutherford on 02 August 2022.

Kromek, a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, has announced its final results for the year ended 30 April 2022.

Kromk have had a particulalry good year in terms of receiving new, and renewed, contracts for their CBRN products.

**Financial Highlights**

- Revenue increased 16% to £12.1m (2021: £10.4m)
- Gross margin was 46.7% (2021: 48.4%)
- Adjusted EBITDA loss reduced to £1.2m (2021: £1.7m loss)\*
- Loss before tax reduced to £6.1m (2021: £6.3m loss)
- Cash and cash equivalents at 30 April 2022 were £5.1m (30 April 2021: £15.6m)

*\*A reconciliation of adjusted EBITDA can be found in the Financial Review.*

**Operational Highlights**

*Advanced Imaging*

- Strong revenue growth with delivery under component supply agreements and increased customer engagement for future projects
- Sustained delivery in medical imaging:
- Ramp up in delivery continued as planned under medical imaging contract expected to be worth US$58.1m over the seven-year life of the contract that was awarded in 2019
- Completed delivery of a US$600k order from an OEM customer for detectors to be used in niche SPECT applications, with further orders expected
- Commenced commercial development engagement with three new strategic OEM customers
- In security screening, the Group completed a two-year US$1.6m project with the US Department of Homeland Security and entered two new commercial development engagements with OEMs
- Signed a seven-year supply agreement, worth up to US$17m, in industrial screening with a US-based OEM and secured a US$250k repeat order from a US-based aerospace and defence company

*CBRN Detection*

- Significant momentum in nuclear security, with the winning of new and repeat orders and participation in a greater number of tenders reflecting the growth in global government defence spending:
- Awarded a two-year contract, worth up to US$1.6m, by a US federal entity for the D3S-ID wearable nuclear radiation detector – with a further US$300k order received during the year and US$695k post year end
- Repeat orders received from the European Commission for the D3S-ID
- Received orders from three customers for the D5 RIID
- A four-year contract worth £1.7m was received from a UK government agency customer for CBRN detection products and services
- Invested in developing new channels to market, including the signing, post year end, of a distribution agreement with Smiths Detection Inc. for the North and South American markets
- 32 new customers won in the civil nuclear segment
- Significant progress in the development of bio-security solutions:
- Awarded a US$6m contract extension from the Defense Advanced Research Projects Agency (“DARPA”), an agency of the US Department of Defense, to advance the development of a mobile wide-area bio-security system
- Successfully completed piloting in schools, airports and other locations of an airborne COVID-19 detection system under a project funded by Innovate UK and commenced productisation phase

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