Thruvision Group (LSE:THRU) reported a 45% increase in revenue for the year ended 31 March 2026, reaching approximately £6.0 million and meeting board expectations. The growth was driven largely by two major orders from Asia valued at £2.7 million. Total order intake during the year reached £7.1 million, leaving the company with a backlog of around £1.3 million scheduled primarily for delivery in the first half of FY27.
The company also strengthened its cash position, ending the year with £2.0 million following a fundraising completed in 2025. While performance in Asian markets has been strong, Thruvision has experienced weaker retail distribution activity across the UK, Europe and the United States. In response, the group is increasing investment in direct sales and marketing initiatives. Management is also focusing on rebuilding regional sales capabilities as its new 81 Series screening system begins to gain traction in the market, with the aim of supporting further revenue growth.
Despite the recent improvement in revenue, the company’s outlook remains constrained by weak financial fundamentals, including a history of declining revenues and ongoing losses. Technical indicators offer a broadly neutral picture, while valuation metrics remain under pressure due to negative earnings. The absence of recent earnings call commentary or major corporate events also limits additional insight into the company’s forward outlook.
More about Thruvision Group plc
Thruvision Group plc is an international developer, manufacturer and supplier of advanced walk-through security technology used by government agencies and commercial organisations in more than 30 countries. Its patented, AI-driven screening systems are designed to detect concealed metallic and non-metallic objects in real time. The company operates offices and manufacturing facilities in the UK and the United States, supporting deployments in high-throughput security environments such as transport hubs, stadiums and secure facilities.
Leave a Reply