Thruvision Group Reports Revenue Decline and Strategic Review Progress

An announcement from Thruvision Group plc ( (GB:THRU) ) is now available.

Thruvision Group plc reported a decrease in revenue for the financial year ending March 31, 2025, with total revenue expected to be approximately £4.4 million, down from £7.8 million the previous year. Despite a 55% growth in Retail Distribution revenue, lower revenues from Customs and Entrance Security impacted overall performance. The company is currently undergoing a strategic review, exploring potential acquisition or funding opportunities, but there is no certainty of a positive outcome. The company has a cash balance of £0.4 million and anticipates its cash resources will last until the end of June 2025.

More about Thruvision Group plc

Thruvision Group plc is a leading international developer, manufacturer, and supplier of advanced AI-based walk-through security technology. The company’s technology is used in over 30 countries by government and commercial organizations for efficient and safe screening of large numbers of people. Thruvision’s patented technology is capable of detecting concealed objects in real-time using advanced AI algorithms. The company operates offices near Oxford and Washington DC.

YTD Price Performance: -81.88%

Average Trading Volume: 3,026,364

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.52M

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