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Kromek Group is a developer of radiation detection solutions for applications in the medical, nuclear and security screening markets. The Company designs, develops and produces X-Ray and Gamma Ray imaging and radiation detection products for the medical, security screening and nuclear markets. The Company's solutions provide information on material composition and structure to enable the identification of cancerous tissues and hazardous materials (including explosives), and the analysis of radioactive materials. Its nuclear products include CPG, GR1-Gamma Ray Spectrometer, GR1A, SIGMA, TN15, RayMon10, Quant Air and RENA-Mini Development Platform.

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TypePublic
Founded2003
HQSedgefield, GB
Websitekromek.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Feb 2019)100(-7%)
Revenue (FY, 2018)£11.8 M(+33%)

Kromek Office Locations

Kromek has offices in Sedgefield, West Yorkshire, Zelienople and Riverside
Sedgefield, GB (HQ)
Thomas Wright Way
West Yorkshire, GB
Firth St
Riverside, US
200 833 Marlborough Ave
Zelienople, US
143 Zehner School Rd
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Kromek Financials and Metrics

Kromek Revenue

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Kromek's revenue was reported to be £11.85 m in FY, 2018 which is a 32.1% increase from the previous period.
GBP

Revenue (FY, 2018)

11.8m

Revenue growth (FY, 2017 - FY, 2018), %

32.1%

Gross profit (FY, 2018)

6.7m

Gross profit margin (FY, 2018), %

56.4%

Net income (FY, 2018)

(1.1m)

EBIT (FY, 2018)

(2.3m)

Cash (30-Apr-2018)

9.5m

EV

54.4m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.7m6.0m8.1m8.3m9.0m11.8m

Revenue growth, %

122%36%3%8%32%

Cost of goods sold

1.4m2.1m2.5m3.9m3.9m5.2m

Gross profit

1.3m3.9m5.6m4.4m5.1m6.7m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

309.0k6.6m1.2m3.9m20.3m9.5m

Accounts Receivable

1.2m1.7m3.7m4.6m6.0m

Inventories

2.1m2.4m2.1m2.8m3.2m3.0m

Current Assets

4.8m11.6m8.4m12.6m30.1m25.0m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(643.0k)(3.2m)(2.1m)(2.2m)(3.1m)(1.1m)

Depreciation and Amortization

2.7m

Inventories

191.0k

Accounts Payable

(1.1m)
GBPY, 2018

EV/EBIT

-23.2 x

EV/CFO

-11.8 x

Revenue/Employee

109.7k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.2 x
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Kromek Operating Metrics

FY, 2016

Patents Issued

44

Patents Pending

16
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Kromek Revenue Breakdown

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Kromek revenue breakdown by geographic segment: 73.6% from US Operations and 26.4% from UK Operations

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Kromek Online and Social Media Presence

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Kromek News and Updates

North East's Kromek enters into conditional Firm Placing to raise £21m

County Durham-based Kromek, a supplier of detection technology focusing on the medical, security screening and nuclear markets, has announced a conditional Firm Placing and Open Offer to raise up to £21m before expenses. The Firm Placing has been undertaken with new and existing institutional invest…
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Kromek Blogs

Spectroscopy software upgrade: version 22.2 now live

New versions of gamma spectroscopy software released Today, we are releasing a new versions (version 22.2) of our gamma spectroscopy software: KSpect and MultiSpect. If you are using the software the update should happen automatically, though you can manually check by going to Help and clicking Chec…

RadAngel CZT-based gamma ray detector now in stock

RadAngel – entry level CZT gamma-ray radioisotope detector The RadAngel is an ideal entry level CZT-based, portable gamma-ray spectrometer that can be utilised for educational purposes in teaching concepts of radiation as well as for training in the use of radiation sensors. The unit is completely s…

Come and see the D3S wearable RIID at Hotzone 2018

Hotzone 2018 The Hotzone 2018 is designed for local fire, police, emergency management personnel, emergency medical services, health care providers, and state and federal response personnel who participate directly in the incident command system or in its immediate support at the scene of a hazmat r…

Preventing nuclear smuggling: read what the US Gov is doing

Preventing Nuclear Smuggling Dr Christopher Ashley Ford, Assistant Secretary, Bureau of International Security and Nonproliferation laid out what the US Government is doing to fight nuclear smuggling at a recent Nuclear Security Working Group Workshop on “U.S. Government Coordination to Address Nonp…

Kromek shortlisted for UK Tech Award 2018

Kromek shortlisted for UK Tech Award 2018 Very pleased to find out that Kromek’s been shortlisted for UK Tech Award 2018 in the tech innovation of the year category of the UK Tech Awards 2018. This award is given to recognise those leading technological change, disrupting the status quo across all i…

Radioactive material missing in the Philippines

Radioactive material missing in the Philippines The latest report of missing radioactive material comes from the Philippines. Equipment containing nuclear material used to test soil, asphalt and concrete has been missing from Norzagaray town, Bulacan in the Philippines since August 2018. The device …
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Kromek Company Life and Culture

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Kromek Frequently Asked Questions

  • When was Kromek founded?

    Kromek was founded in 2003.

  • How many employees does Kromek have?

    Kromek has 100 employees.

  • What is Kromek revenue?

    Latest Kromek annual revenue is £11.8 m.

  • What is Kromek revenue per employee?

    Latest Kromek revenue per employee is £118.5 k.

  • Who are Kromek competitors?

    Competitors of Kromek include C-RAD, Terarecon and SuperSonic Imagine.

  • Where is Kromek headquarters?

    Kromek headquarters is located at Thomas Wright Way, Sedgefield.

  • Where are Kromek offices?

    Kromek has offices in Sedgefield, West Yorkshire, Zelienople and Riverside.

  • How many offices does Kromek have?

    Kromek has 4 offices.