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On 13 March 2025, the Board of Thruvision Group plc confirmed it was not aware of any reason for the recent share price movement. The Group has recently received orders from customers in the US, Indonesia, and Europe, and the Board continues to expect revenue for the financial year ending 31 March 2025 to be in the range of £5 to £6 million. The Strategic Review continues with ongoing discussions.
| Date | 13 Mar 2025 |
| Time | 07:00:14 |
| Category | Corporate updates |
| ID | 5315A |
Thruvision Group plc
Recent Share Price Movement
The Board of Thruvision Group plc (AIM: THRU, "Thruvision" or the "Group"), the leading international provider of walk-through security technology, notes the recent share price movement and confirms that it is not aware of any reason for the movement.
The Group has recently received several orders from customers in the US, Indonesia and Europe and further orders are anticipated before the end of the financial year. Accordingly, the Board continues to expect that revenue for the financial year ending 31 March 2025 will be in the range of £5 to £6 million.
A further update on trading will be provided in early April.
The Strategic Review continues and discussions are ongoing with relevant parties. It is hoped that one or more offers to either acquire the Group or to provide additional cash resources will be forthcoming although there can be no certainty that such offers will materialise.
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For further information, please contact: |
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Thruvision Group plc Tom Black, Executive Chairman Victoria Balchin, Chief Executive Officer |
+44 (0)1235 425400 |
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Investec Investment Banking (NOMAD & Broker) Patrick Robb / James Rudd / Sebastian Lawrence |
+44 (0)20 7597 5970 |
About Thruvision (www.thruvision.com)
Thruvision is the leading developer, manufacturer and supplier of advanced AI-based walk- through security technology internationally. Its technology is deployed in more than 30 countries around the world by government and commercial organisations in a wide range of security situations, where large numbers of people need to be screened quickly, safely and efficiently. Thruvision's patented technology is uniquely capable of detecting concealed objects in real time using advanced AI-based detection algorithms.
The Group's offices are near Oxford and Washington DC.
This announcement may include statements that are, or may be deemed to be, 'forward-looking statements' (including words such as 'believe', 'expect', 'estimate', 'intend', 'anticipate' and words of similar meaning). By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances, and actual results may, and often do, differ materially from any forward-looking statements. Any forward-looking statements in this announcement reflect management's view with respect to future events as at the date of this announcement. Save as required by applicable law, the Company undertakes no obligation to publicly revise any forward-looking statements in this announcement, whether following any change in its expectations or to reflect events or circumstances after the date of this announcement.