Thruvision shares plummet as reduces full-year revenue guidance
13th Feb 2025 12:49
(Alliance News) - Thruvision Group PLC on Thursday reduced its revenue outlook for its 2025 financial year, due to delays in talks for potential contracts. Read More
(Alliance News) - Thruvision Group PLC on Thursday reduced its revenue outlook for its 2025 financial year, due to delays in talks for potential contracts. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
Thruvision Group PLC - Abingdon, England-based walkthrough people-screening technology - Decides to conduct a formal strategic review, including the launch of a formal sales process. Thruvision is therefore now considered to be in an 'offer period' as defined by the Takeover Code. Stresses not currently in talks regarding a possible offer. Believes further resources are required to advance the adoption of the group's technology by customers and operate at greater scale. Other options being considered include seeking a strategic partner to support its growth; raising additional equity capital; and licensing its technology and intellectual property to a third party. The company notes that, as announced in late October, it "has significant near-term opportunities notably in Entrance Security and Retail Distribution" with a potential contract value of around GBP15 million for the year ending March 31, 2026. Says it has been in "regular ongoing discussions" with the potential clients, with "significant milestones" scheduled for the fourth quarter of the current financial year. Adds however that it "does not have confirmation from these potential customers as to when purchase orders...will be entered into, if at all". If the orders do not materialise, it expects its cash resources to last roughly until the end of May. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
Thruvision Group PLC - Abingdon, England-based walkthrough people-screening technology - Promotes Chief Financial Officer Victoria Balchin to chief executive officer, starting on Thursday. Balchin joined Thruvision as CFO in late 2022. She replaces Colin Evans, who left in October. She also will remain CFO for "the forseeable future", Thruvision says. Executive Chair Tom Black will remain involved in day-to-day management and is leading a review of sales operations. "I am certain that [Balchin] is the right person to lead the Thruvision team as we enter a crucial phase on our journey to profitability," Black says. In the six months that ended September 30, Thruvision reported a GBP2.5 million pretax loss, widened from GBP1.6 million a year before, on revenue of GBP1.9 million, down from GBP3.5 million. Read More
Thruvision Group PLC - security technology provider - Raises a total of GBP1.4 million before expenses through direct subscriptions from existing shareholders of the company at a price of 11 pence per subscription share. Says that the net funds received by the company will be used to strengthen the balance sheet and provide additional working capital. The subscription represents a 29% premium to the closing mid-market price of an ordinary share of 8.5 pence on November 11. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Thruvision Group PLC on Monday saw its shares fall as it expects a significant reduction in half-year revenue, but anticipates full-year revenue to be higher than a year ago. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Thruvision Group PLC on Friday was optimistic looking ahead, despite reporting a drop in annual revenue. Read More
(Alliance News) - Thruvision Group PLC on Monday said that its WalkThru system has completed an operational test by the National Safe Skies Alliance Inc at San Diego International airport. Read More
Thruvision Group PLC - Abingdon, England-based people-screening technology provider - Says continues to see good order flow since the announcement of its interim results in late November. Orders total GBP1.3 million, which it expects to be delivered in the second half of its financial year ending March 31. Says this demand is across its various geographic markets and from a mixture of new and existing customers. Says interest in its flagship 'WalkThru' security technology continues to grow, having been selected by an unnamed "important new customer", a global sports apparel brand. Further WalkThru lane orders have also been received recently from two existing unnamed FTSE 100 UK retailer customers. Says more orders have been won in its Entrance Security arm, including by a European prison service and a Gulf state, both of which are existing customers. In its Customs market, an existing Asian agency customer has also ordered further systems from Thruvision. Read More
(Alliance News) - Thruvision Group PLC on Monday hailed business growth as it reported a lower half-year loss on the back of higher revenue. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Thruvision Group PLC on Monday said it did not receive an anticipated order from US Customs & Border Protection in September, citing US Federal Government and Department budget challenges. Read More