Overview
UK walk-through security tech maker's FY26 revenue rose 45% yr/yr to £6 mln
Revenue growth driven by strong Asia performance, with two major orders totaling £2.7 mln
UK and Europe revenue declined, US grew modestly due to strong Aviation market
Outlook
Company says order backlog of £1.3 mln will be delivered mostly in H1 FY27
Thruvision plans to invest in sales and marketing capability as central focus for new year
Company expects investment in US direct sales force to lead to significant improvement in FY27
Result Drivers
ASIA ORDERS - Revenue growth underpinned by two large orders in Asia totaling £2.7 mln
UK/EUROPE WEAKNESS - UK and Europe revenue declined due to weaker Retail Distribution and need to rebuild direct sales and partnerships
US AVIATION GROWTH - US market grew modestly, supported by strong Aviation performance
Company press release: ID:nRSH5269Za
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 6 mln
GBP 5.11 mln (2 Analysts)
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)