Kromek Group — Kromek receives $1.4m Advanced Imaging order

(LSE:KMK) Kromek Group has received a follow-on order valued at $1.4 million from an existing OEM customer in its Advanced Imaging division. The order is for CZT-based detector components intended for use in medical systems. Delivery of these components will commence immediately. The delivery is expected to be completed over the next 12 months. The company describes this as a repeat order from the OEM customer. Kromek states that this pattern of repeat orders will contribute to revenue growth in the current year. The company also notes that the order provides visibility into the next financial year. Kromek highlights that the order reflects repeatable OEM demand. The company indicates that the order supports near-term revenue recognition. Kromek also states that the order contributes to order book stability. The announcement emphasizes the importance of recurring business from OEM customers. The company positions this order as part of its ongoing commercial momentum in the Advanced Imaging division. The order is specifically for CZT-based detector components. The customer is described as an existing OEM, but is not named in the announcement. The company expects the delivery schedule to be completed within a 12-month timeframe.