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Kromek expects to post record revenues on the back of rising demand

The County Durham tech firm said it expects to post results ahead of market expectations

Kromek CEO Arnab Basu with detection technology
Arnab Basu, CEO of Kromek

North East tech firm Kromek says it expects to post record revenues later this year on the back of commercial momentum.

The Sedgefield business, which also has a US site, develops radiation and bio-detection technology solutions from its NETPark base and it has announced a number of contract wins so far this year.

As a result, the firm issued a full year trading update saying it started the second half of FY 2024 with increasing commercial momentum as it delivered on multi-year contracts. It said both the advanced imaging and CBRN detection segments showed “increased commercial traction” and that the group expects to report record revenues for FY 2024.


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