The latest announcement is out from Thruvision Group plc ( (GB:THRU) ).
Thruvision Group plc has issued a trading update for the financial year ending March 2025, revealing that while several significant opportunities are available, their impact is expected to be minimal for the current year due to delayed customer engagements. As a result, the company has adjusted its revenue expectations to £5-£6 million, down from the previous guidance of £9 million. The company continues its strategic review, seeking potential offers for acquisition or additional cash resources, although there is no certainty that such offers will materialize.
More about Thruvision Group plc
Thruvision Group plc is a leading international provider of advanced AI-based walk-through security technology. The company’s technology is used in over 30 countries by both government and commercial organizations for efficiently screening large numbers of people in various security situations. Their patented technology can detect concealed objects in real time using AI-based detection algorithms, with offices located near Oxford and Washington DC.
YTD Price Performance: -46.88%
Average Trading Volume: 211,304
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.94M
For a thorough assessment of THRU stock, go to TipRanks’ Stock Analysis page.