Thruvision Group plc (GB:THRU) has released an update.
Thruvision Group plc reported a decrease in revenue to £7.8 million for the financial year ending March 2024, down from the previous year’s £12.4 million, mainly due to a lack of orders from US Customs and Border Protection. Despite this, revenue excluding this single customer grew by 85%, with a strong uptake of their flagship WalkTHRU solution by existing customers. The company also highlighted a strategic sales partnership with Sensormatic Solutions and a £3.2 million equity fundraising that led to Pentland Capital becoming a 10% shareholder.
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