Thruvision Group plc (LSE:THRU) reported first-half 2026 revenue of £2.6 million, a year-on-year increase of 36%, supported by a series of smaller orders from US Retail Distribution customers and a major contract win with a new government client in South-East Asia. Despite the strong start, continued weakness in the UK Retail Distribution segment has led the company to trim its full-year revenue expectations to a range of £5 million to £7 million. In response to pricing pressure and shifting market conditions, Thruvision is rolling out several strategic initiatives, including re-engineered products and subscription-based commercial models, aimed at improving competitiveness.
Financially, the group continues to face meaningful headwinds, with declining revenue trends and ongoing profitability challenges. Technical indicators reinforce a bearish stance, and valuation remains difficult given the negative P/E ratio. Although recent corporate developments—such as new product launches—offer some incremental positives, the broader outlook remains cautious due to financial instability and uncertainty around the execution of its strategic plans.
More about Thruvision Group plc
Thruvision Group plc is a global provider of walk-through security screening technology, supplying government bodies and commercial organisations in more than 30 countries. Its patented system detects concealed metallic and non-metallic items in real time using advanced AI-driven algorithms. The company maintains manufacturing and operational bases in both the UK and the US.
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