Kromek reports revenue growth in 2014

Contracts with original medical imaging equipment manufacturers (OEM) fueled revenue growth for Kromek in the six-month period, ending 31 October 2014.

The radiation detection technology company reported a 33% increase in revenue to 3.2 million pounds (4.1 million euros). Kromek's adjusted EBITDA loss decreased to 1.6 million pounds (2 million euros), compared with an adjusted EBITDA loss of 2 million pounds (2.6 million euros) in the previous period.

Kromek also reported that it continues to make progress on the second year of an exclusive development program in the medical CT market with a "top four" global OEM.

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