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Kromek Group increase revenues and land £1.2mln Innovate UK funding to design a system virus test

Kromek Group PLC's (LON:KMK) Dr Arnab Basu speaks to Proactive London's Katie Pilbeam about their results for the six months to October 31, 2020.

For the first half, the company reported an adjusted (EBITDA) loss of £0.9mln compared to a £0.6mln loss in the prior year, while revenues moved to £4.6mln from £5.3mln.

Arnab also details a £1.2mln programme, funded by Innovate UK, to design a system to detect airborne viruses, including coronavirus (COVID-19).

The solution can be used at airports, hospitals, retail outlets and entertainment venues, with the initial focus of the programme being to develop a system to rapidly test for the presence of SARS-CoV-2, the virus that causes COVID-19.

Quick facts: Kromek Group PLC

Price: 17.4195 GBX

AIM:KMK
Market: AIM
Market Cap: £60.42 m
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Kromek Group set to 'accelerate commercialisation' after £13mln raise

Kromek Group PLC (LON:KMK) CEO Arnab Basu talks to Proactive London's Katie Pilbeam about the plans for their £13mln raise through a firm placing, directors' subscription and open offer at 15p per share. He explains how the money will be spent to increase the rate of commercialisation, sales...

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