A new baggage screening contract with an existing OEM customer further reinforces revenue visibility for 2019E. Kromek is maintaining its trajectory towards cash flow breakeven next year. This reflects the increasing maturity of its marketplace which is at odds with the share price, trading at the bottom of its range for the year. Buy.

19 Nov 2018
Cenkos: Kromek Group Plc - New OEM contract

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Kromek Group Plc - New OEM contract
Kromek Group Plc (KMK:LON) | 6.1 0 0.0% | Mkt Cap: 40.0m
- Published:
19 Nov 2018 -
Author:
Cavendish Research -
Pages:
6 -
A new baggage screening contract with an existing OEM customer further reinforces revenue visibility for 2019E. Kromek is maintaining its trajectory towards cash flow breakeven next year. This reflects the increasing maturity of its marketplace which is at odds with the share price, trading at the bottom of its range for the year. Buy.