A leading provider of cash handling technology we enable businesses across the world to handle coins, notes and tickets more efficiently, reducing cash related security risks and improving their customers' experience. As an innovation-led global technology company, we research and develop a broad range of state of the art cash handling products for the gaming, amusement, vending, retail and kiosk markets. With over 23 years’ experience, we have grown to become one of the leading providers of cash handling technology in the world; manufacturing banknote validators, banknote recyclers, multi-coin hoppers and ticketing products that handle millions of transactions every day for some of the world’s leading companies. We have a growing international presence with commercial operations across the globe, two manufacturing sites, a rapidly expanding R&D centre and a network of over 20 trading partners.
Type
Private
HQ
Oldham, GB
Founded
1992
Size (employees)
132 (est)
Innovative Technology was founded in 1992 and is headquartered in Oldham, GB
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Innovative Technology Office Locations

Innovative Technology has offices in Oldham, Shenzhen, Milton, Pewaukee and in 3 other locations
Oldham, GB (HQ)
Derker St
Milton, AU
349 Coronation Dr
Pinneberg, DE
70 Am Hafen
Vimercate, IT
9 Via Torri Bianche
Pewaukee, US
116 1343 E Wisconsin Ave
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Innovative Technology Financials and Metrics

Summary Metrics

Founding Date

1992

Innovative Technology Financials

Innovative Technology's revenue was reported to be £39.65 m in FY, 2017
GBP

Revenue (FY, 2017)

39.7 m

Gross profit (FY, 2017)

16.5 m

Gross profit margin (FY, 2017), %

41.6%

Net income (FY, 2017)

3.1 m

EBITDA (FY, 2017)

5 m

EBIT (FY, 2017)

4.1 m

Cash (31-Dec-2017)

4.3 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

15.2 m14.5 m9.1 m7.9 m11.3 m20.1 m21.3 m24.8 m25.8 m36.8 m39.7 m

Revenue growth, %

16%4%

Cost of goods sold

8.3 m7.6 m5.2 m4.7 m7 m10.9 m11.5 m14.4 m16.3 m21.9 m23.2 m

Gross profit

6.9 m6.9 m3.9 m3.2 m4.3 m9.1 m9.8 m10.4 m9.5 m15 m16.5 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(178.7 k)419.6 k(55.7 k)770.5 k838.1 k3.4 m2.9 m2.5 m1.7 m4.9 m3.1 m

Cash From Operating Activities

(157.3 k)419.6 k

Dividends Paid

10 m2.5 m2 m1.3 m4.4 m

Net Change in Cash

(1.5 m)(876.8 k)
GBPY, 2017

Revenue/Employee

342.8 k

Financial Leverage

1.2 x
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Innovative Technology News and Updates

5 Ways Innovative Technology Is Impacting HR

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