Thruvision revenues increase as commercial momentum continues

3rd Oct 2019 08:04

(Sharecast News) - Screening technology specialist Thruvision has continued to drive good commercial momentum, with revenues increasing year-on-year.
Thruvision posted a 50% increase in interim revenues to £4.8m on Thursday, driven by the delivery of 64 units to customers throughout the half, of which a greater proportion were high-end units helping gross margins.

The AIM-listed firm said sales momentum was "particularly strong" in its customs market segment as its non-intrusive technology helped to cement its leading position in the international market.

Good strategic progress was also made in Thruvision's aviation segment, while in loss prevention, Morrisons became an important new customer in the grocery sector, strengthening the group's sales pipeline.

"Growing international brand recognition, strategic progress across the US Federal Government, healthy R&D, and a strengthening sales pipeline re-affirms the board's confidence in the prospects for the group," said Thruvision.

As of 1340 BST, Thruvision shares had dipped 1.11% to 26.70p.