Tyneside touch sensor technology firm Zytronic says revenues have increased 25% year-on-year in the first five months of its financial year.
The Blaydon-based manufacturer gave a short trading update to investors in which it said contracts with the gaming sector had driven significant improvement.
It said operating margins remained at the improved levels of last year and its order book was 45% ahead of the same period last year.
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Zytronic also said advance orders meant it could plan ahead for electronic component supply issues affecting many manufacturers globally.
The update follows the firm's full year 2021 results in which it recorded operating profit of £500,000, up from a loss of £500,000 in the previous year.
It follows significant restructuring in 2020 and a strong second half of 2021 in which sales increased 44% to £6.9m from £4.8m.
At the time, chief executive Mark Cambridge said that, of its four main markets, only vending showed year-on-year growth in sales and the revenue decline within the financial market saw the biggest negative impact.
He said that, as the world moves towards a cashless society through digital and mobile banking – and as the firm’s operating subsidiary Zytronic Displays Ltd hadn’t been awarded the new platform design wins for both the major ATM customers several years ago – he expects to see sustained year-on-year decline within that market.
However Zytronic's work within gaming improved in 2021 as it built units for its Japanese, US and Australian customers for the Las Vegas markets.
