Thruvision Group (GB:THRU) has released an update.
Thruvision Group PLC anticipates a revenue of £7.8 million for FY24, a decrease from the previous year, primarily due to a drop in orders from US Customs and Border Protection. However, the company has seen strong demand for its WalkTHRU security technology, especially from the Entrance Security market, and expects new sales opportunities following a policy change by the US Transportation Security Administration. Despite a larger adjusted EBITDA loss, the company maintains a healthy cash balance and no debt, while expressing confidence in achieving profitability soon.
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