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Thruvision Group PLC - Abingdon, England-based people-screening technology - Expects annual revenue for its financial year 2022 to grow. For the financial year ending March 31, it sees revenue climb to £8.4 million from £6.7 million. ‘The second half of our financial year showed a significant improvement over the first,’ the company explains.
Revenue was boosted by its screening technology Profit Protection, in particular during the second half of the financial year. Profit Protection revenue increased more than 70% in full financial year comparisons. For this business arm, the company received a ‘significant order’ from Tesco PLC, it says. Meanwhile, the firm added three new profit protection customers, including its ‘first major European customer, (Berlin-based online retailer) Zalando,’ it says.
Orderflow for US Customs and Border Protection also contributed to revenue growth, Thruvision adds.
For the financial year 2023 and beyond, Thruvision is confident of further growth.
Current stock price: 30.40 pence, up 12% on Monday
12-month change: up 30%
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