Radiation detection technology researcher and developer Kromek Group unveiled reduced losses and tripled revenue in its half year results on Wednesday.
The share price inched higher after the announcement of the results, which revealed a pre-tax loss of £2.48m (2012 H1: £2.29m), an operating loss of £1.97m (2012 H1: £2.27m) and revenue of £2.37m (2012 H1: £0.71m).
The latter was driven by the acquisition of eV Products and strong customer demand in all of the group's three target sectors.
Basic losses per share narrowed to 0.02p from 0.24p a year earlier.
Chief Executive Arnab Basu said: "Kromek is currently growing strongly as we enter the rapid commercialisation phase of our business, utilising our powerful IP and technology platforms. The strong increase in sales of the Bottle Scanner and a program worth up to $5.3m in medical imaging are good examples of this commercialisation phase in action.
"Having completed a successful initial public offering (IPO) during the period, we are also now in a stronger financial position as we look to grow our business. We have seen encouraging take-up of our products in all of our three target sectors and are confident about the future prospects of the business."
The group also described its prospects as "very positive", with funding at the best level in the company's history as a result of the IPO, and demand for its technology platforms continuing to grow.
Despite setbacks over the year, investors in software and services supplier IDOX appeared happy overall with the results for the 12 months ended October 31st.
Pre-tax profit slipped to £7.5m from £7.9m a year earlier, on revenues of £57.3m, which had climbed from £55.4m the previous year.
Profits declined in part as a result of climbing admin expenses, which were up £3.5m year-on-year, as well as an increase in amortisation.
Martin Brooks, Chairman of Idox, said: "Despite the disappointments in 2013, the group has continued to develop its market leading positions in its two technically linked chosen markets of Public Sector Software and Engineering Information Management.
"Operational and managerial issues were identified earlier in the year and an ongoing corrective programme is underway, already resulting in a good recovery in the second half of the year. The group's portfolio of businesses has also been simplified with a greater focus on our higher margin activities going forward."
The final dividend was proposed at 0.4p, flat on the prior year, giving a total dividend for the year of 0.7p (2012: 0.675p).
Cash and equivalents at the year-end totalled £3.4m, down from £3.6m 12 months earlier.
Looking ahead, Brooks added that the group had started the new financial year in an improved position in terms of capability, reliability and revenue visibility.