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Thruvision Group plc ( (GB:THRU) ) has provided an update.
Thruvision Group plc has announced a strategic review, including a potential formal sale process, intending to explore options for maximizing stakeholder value. Despite progress in enhancing sales capabilities post the divestment of its Digital Barriers video division, the company seeks additional resources to scale operations and further customer adoption. The review is driven by significant near-term opportunities in entrance security and retail distribution, valued at approximately £15 million, but with the current cash reserves only lasting until May 2025, the company is considering various strategic outcomes including raising capital, partnering, or even a potential sale.
More about Thruvision Group plc
Thruvision Group plc is a leading developer, manufacturer, and supplier of walk-through security technology, utilized in over 30 countries for government and commercial applications. Their technology, which utilizes advanced AI-based detection algorithms, is designed to detect concealed objects in real-time, providing efficient and safe security screening in high-traffic areas. The company is headquartered near Oxford and Washington DC.
YTD Price Performance: -18.75%
Average Trading Volume: 64,169
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.28M
See more insights into THRU stock on TipRanks’ Stock Analysis page.
