News blog
Scientific Digital Imaging
- BY: Andrew Hore |
- POSTED: 27/07/2011 |
Digital imaging technology developer Scientific Digital Imaging reported a slump into loss on flat revenues in the year to April 2011 and its chief executive Dr Phil Atkin has resigned.
Finance director Mike Creedon becomes acting managing director. An operational review continues.
A £257,000 profit was turned into a loss of £162,000 as lower margin sales in India and China hit the profitability on flat sales of £7.29m. A trading statement in June said that the loss would be similar to the interim loss of £186,000 although the sales figure was also slightly lower than indicated.
Capitalised development spending rose from £176,000 to £252,000, although net of amortisation the figure was £54,000 – down from £72,000 the previous year. Net debt was £371,000 at the end of April 2011.
House broker FinnCap has placed its forecasts under review.
At 14p a share, down 1.5p, SDI is valued at £2.52m.
SDI still believes that there are consolidation opportunities but two transactions failed to happen after due diligence was completed. At the moment, though, the focus is on returning the current operations to profit.
© 2025 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|