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Thruvision Group plc
(LSE:THRU)
Thruvision Group plc (THRU) vs. S&P 500 (SPY)
Thruvision Group plc Business Overview & Revenue Model
Thruvision Group plc Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 6.20M | 7.81M | 12.42M | 8.36M | 6.70M | 8.00M |
| Gross Profit | |||||
| 1.98M | 3.00M | 5.20M | 3.34M | 2.70M | 3.31M |
| EBIT | |||||
| -3.90M | -3.00M | -1.19M | -1.80M | -2.48M | -1.82M |
| EBITDA | |||||
| -3.22M | -2.37M | -325.00K | -1.31M | -2.22M | -1.02M |
| Net Income Common Stockholders | |||||
| -3.78M | -2.85M | -805.00K | -1.66M | -2.49M | -1.28M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.12M | 4.12M | 2.81M | 5.44M | 7.27M | 8.43M |
| Total Assets | |||||
| 11.60M | 11.60M | 12.45M | 12.76M | 14.66M | 16.12M |
| Total Debt | |||||
| 643.00K | 643.00K | 725.00K | 653.00K | 325.00K | 457.00K |
| Net Debt | |||||
| -3.48M | -3.48M | -2.08M | -4.79M | -6.94M | -7.97M |
| Total Liabilities | |||||
| 2.84M | 2.84M | 3.63M | 3.31M | 3.35M | 2.74M |
| Stockholders Equity | |||||
| 8.76M | 8.76M | 8.82M | 9.45M | 11.31M | 13.38M |
| Cash Flow | Free Cash Flow | ||||
| -3.24M | -1.45M | -2.63M | -2.31M | -1.06M | -1.26M |
| Operating Cash Flow | |||||
| -2.70M | -826.00K | -2.51M | -1.58M | -571.00K | -860.00K |
| Investing Cash Flow | |||||
| -561.00K | -622.00K | -112.00K | -735.00K | -408.00K | -137.00K |
| Financing Cash Flow | |||||
| 2.67M | 2.66M | -50.00K | 491.00K | -136.00K | -186.00K |
Thruvision Group plc Technical Analysis
Thruvision Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £106.55M | 22.34 | 26.51% | 1.36% | 8.43% | ― | |
63 Neutral | £93.47M | 189.81 | 0.72% | 0.78% | -1.22% | -92.99% | |
62 Neutral | $7.50B | 12.89 | 3.19% | 3.38% | 3.64% | -14.27% | |
59 Neutral | £60.11M | 83.19 | 3.66% | 6.74% | -6.29% | -86.64% | |
42 Neutral | £2.17M | ― | -55.82% | ― | -52.98% | -615.15% | |
36 Underperform | £80.74M | ― | -59.88% | ― | 10.74% | 12.07% |
Thruvision Group plc Corporate Events
Thruvision Group plc reported a decrease in revenue for the financial year ending March 31, 2025, with total revenue expected to be approximately £4.4 million, down from £7.8 million the previous year. Despite a 55% growth in Retail Distribution revenue, lower revenues from Customs and Entrance Security impacted overall performance. The company is currently undergoing a strategic review, exploring potential acquisition or funding opportunities, but there is no certainty of a positive outcome. The company has a cash balance of £0.4 million and anticipates its cash resources will last until the end of June 2025.
Thruvision Group PLC, a UK-based company, has announced a change in its major shareholding. Janus Henderson Group PLC has reduced its voting rights in Thruvision from 5.23% to 4.93%, as of March 28, 2025. This change in shareholding may influence Thruvision’s market dynamics and stakeholder interests, as Janus Henderson Group’s reduced stake could impact the company’s strategic decisions and investor confidence.
Thruvision Group PLC, a UK-based company, has announced a change in its shareholder voting rights. Janus Henderson Group PLC has reduced its voting rights in Thruvision from 5.23% to 4.93%. This adjustment reflects a disposal of voting rights, indicating a shift in the shareholder’s position within the company.
Thruvision Group PLC operates in the security technology industry, focusing on providing advanced people-screening solutions to detect concealed items. The company is known for its innovative products that enhance security in various sectors, including transportation and public venues. The recent announcement indicates a significant change in the ownership structure of Thruvision Group PLC, as Canaccord Genuity Group Inc., based in Vancouver, Canada, has reduced its voting rights from 10.0836% to 0.0006%. This substantial decrease in shareholding may impact the company’s governance and influence within the market, potentially affecting its strategic direction and stakeholder confidence.
Thruvision Group plc announced a change in major holdings as Invesco Ltd. reduced its voting rights from 5.68% to 4.63%, transferring out of the fund. This adjustment in holdings may impact Thruvision’s shareholder structure and influence its market positioning, as changes in major holdings can affect investor confidence and company governance.
Thruvision Group PLC, a company involved in security technology, has announced a change in its major holdings. Canaccord Genuity Group Inc., based in Vancouver, Canada, has adjusted its voting rights in Thruvision, reducing its stake from 13.5406% to 10.0836%. This change reflects a significant shift in the ownership structure of Thruvision, which could impact its strategic decisions and influence within the security technology industry.
Thruvision Group plc has noted recent share price movements but is unaware of any specific reasons for this change. The company has received several orders from the US, Indonesia, and Europe, and expects its revenue for the financial year ending March 2025 to be between £5 and £6 million. A strategic review is ongoing, with the possibility of acquisition or additional funding, although there is no certainty of offers materializing.
Thruvision Group plc has launched its next-generation 81 Series Passive People Screening Systems, which are designed for various markets and feature a modular design with integrated touchscreen control. The 81 Series offers a mobile, unobtrusive solution for high-throughput environments, capable of screening up to 1,800 people per hour using the latest AI-based detection software. This launch positions Thruvision as a leader in the security technology industry, enhancing its ability to meet the demands of border and entrance security, as well as loss prevention, with its advanced, flexible, and privacy-respecting screening solutions.
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.
Thruvision Group PLC has announced a change in the holdings of its shares, indicating a reduction in the percentage of voting rights held by Lombard Odier Asset Management (Europe) Limited. The notification reveals that the voting rights have decreased from 7.35% to 3.68%, signaling a significant divestment by the asset management company. This move may impact Thruvision’s market dynamics as Lombard Odier adjusts its investment strategy.
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.