New Risk • Jun 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.5m free cash flow). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Market cap is less than US$10m (UK£3.24m market cap, or US$4.35m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Duyuru • Jan 07
Thruvision Group plc Announces Termination of Katrina Lesley Nurse as Director, Effective from December 31, 2025 THRUVISION GROUP PLC recorded the termination of the director appointment of Mrs. Katrina Lesley Nurse, effective December 31, 2025. New Risk • Dec 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Market cap is less than US$10m (UK£4.02m market cap, or US$5.38m). Reported Earnings • Nov 27
First half 2026 earnings released: UK£0.008 loss per share (vs UK£0.015 loss in 1H 2025) First half 2026 results: UK£0.008 loss per share (improved from UK£0.015 loss in 1H 2025). Revenue: UK£2.64m (up 36% from 1H 2025). Net loss: UK£2.23m (loss narrowed 7.5% from 1H 2025). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Electronic industry in the United Kingdom. New Risk • Nov 26
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£3.5m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Market cap is less than US$10m (UK£2.46m market cap, or US$3.24m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-UK£3.5m). Duyuru • Nov 26
Thruvision Group plc Provides Earnings Guidance for the Full Year 2025 Thruvision Group plc provided earnings guidance for the full year 2025. For the full year, Company expects revenue to be between £5 million and £7 million. New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Market cap is less than US$10m (UK£3.69m market cap, or US$4.83m). Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. CEO, CFO & Director Victoria Balchin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 08
Thruvision Group plc Announces UK Government National Protective Security Authority Testing Update Thruvision Group plc announced that the Thruvision LPCDD7116 has been tested following the NPSA's Discriminative Threat Detection Systems Test Method. The testing is not pass/fail but shows that the system has capability for screening non-divested individuals for mass casualty threats. The NPSA has confidence that Thruvision has followed the NPSA's DiscIMinative Threat Detection Systems Test method in the testing of the Thruvision LPC DD7116 and the results presented are an accurate reflection of system performance. The test method is not pass/fail and the NPSA does not endorse or approve specific products tested against it. Notes for readers: The NPSA are the UK Government's National Technical Authority for physical and personnel security. As part of the Security Service, MI5, the NPSA make the UK more resilient to terrorism and state threats. The results are available to security professionals and buyers interested in detecting both metallic and non-metallic threats to help them understand detection performance and throughput to align with their requirements to secure their facility from current and emerging threats. The LPCDD7116 is the catalogue number for standard equipment. Duyuru • Sep 25
Thruvision Group plc, Annual General Meeting, Oct 23, 2025 Thruvision Group plc, Annual General Meeting, Oct 23, 2025. Location: the offices of thruvision, 121 olympic avenue, milton park, abingdon ox14 4sa, United Kingdom Reported Earnings • Sep 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: UK£0.028 loss per share (further deteriorated from UK£0.019 loss in FY 2024). Revenue: UK£4.16m (down 47% from FY 2024). Net loss: UK£4.60m (loss widened 62% from FY 2024). Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 5.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (179% increase in shares outstanding). Market cap is less than US$10m (UK£6.12m market cap, or US$8.25m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (UK£588k net loss in 2 years). New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (179% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Significant insider selling over the past 3 months (UK£45k sold). Market cap is less than US$100m (UK£7.60m market cap, or US$10.1m). New Risk • Jul 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 179% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (179% increase in shares outstanding). Market cap is less than US$10m (UK£6.37m market cap, or US$8.42m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£498k net loss in 2 years). Significant insider selling over the past 3 months (UK£45k sold). Duyuru • Jul 28
Thruvision Group plc has completed a Follow-on Equity Offering in the amount of £2.5 million. Thruvision Group plc has completed a Follow-on Equity Offering in the amount of £2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 212,466,000
Price\Range: £0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,534,000
Price\Range: £0.01
Transaction Features: Regulation S; Subsequent Direct Listing New Risk • Jul 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£45k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Market cap is less than US$10m (UK£2.28m market cap, or US$3.07m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£498k net loss in 2 years). Significant insider selling over the past 3 months (UK£45k sold). Duyuru • Jul 09
Thruvision Group plc has completed a Follow-on Equity Offering in the amount of £0.25 million. Thruvision Group plc has completed a Follow-on Equity Offering in the amount of £0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: £0.01
Transaction Features: Regulation S New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average weekly change). Market cap is less than US$10m (UK£3.01m market cap, or US$4.01m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£498k net loss in 2 years). Duyuru • Apr 08
Thruvision Group plc Provides Revenue Guidance for the Full Year Ended 31 March 2025 Thruvision Group plc provided revenue guidance for the full year ended 31 March 2025. For the year, the company expects revenue to be approximately £4.4 million (fiscal year 2024: £7.8 million). Major Estimate Revision • Feb 18
Consensus revenue estimates fall by 39% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£9.00m to UK£5.50m. Forecast losses increased from -UK£0.013 to -UK£0.019 per share. Electronic industry in the United Kingdom expected to see average net income growth of 13% next year. Consensus price target of UK£0.40 unchanged from last update. Share price fell 35% to UK£0.028 over the past week. Duyuru • Feb 15
Thruvision Group plc Revises Revenue Guidance for the Year Ending March 31, 2025 Thruvision Group plc revised revenue guidance for the year ending March 31, 2025. For the year, the board now expects that Group revenue for the current financial year ending 31 March 2025 will be in the range of £5 million to £6 million compared with the previous guidance of £9 million. New Risk • Jan 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£5.16m (US$6.29m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (UK£5.16m market cap, or US$6.29m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£498k net loss in 2 years). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). New Risk • Jan 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£498k net loss in 2 years). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (UK£11.2m market cap, or US$13.8m). Duyuru • Dec 30
Thruvision Group plc Announces Chief Executive Officer Changes The Board of Directors of Thruvision Group plc announced the appointment of Victoria Balchin, currently Chief Financial Officer, as Chief Executive Officer with effect from 2 January 2025. Following the departure of Colin Evans in October 2024, working closely with Executive Chairman Tom Black, Victoria has been instrumental in ensuring that the business continues to be managed highly effectively with a view to returning Thruvision to growth in the second half of the financial year. The Board has carefully considered whether a broader search should be undertaken and has unanimously decided that this internal appointment is in the best interests of the Company and all its stakeholders. Victoria joined the Group as Chief Financial Officer on 1 October 2022 and will retain this role for the foreseeable future, supported by Hannah Platt who is the full time Company Secretary and a qualified accountant. Tom Black will remain as Executive Chairman and will retain a strong involvement in day-to-day matters, particularly the sales function which is currently the subject of an internal review. Duyuru • Nov 12
Thruvision Group plc has completed a Follow-on Equity Offering in the amount of £1.375 million. Thruvision Group plc has completed a Follow-on Equity Offering in the amount of £1.375 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 12,499,998
Price\Range: £0.11
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 28
First half 2025 earnings released: UK£0.015 loss per share (vs UK£0.01 loss in 1H 2024) First half 2025 results: UK£0.015 loss per share (further deteriorated from UK£0.01 loss in 1H 2024). Revenue: UK£1.94m (down 45% from 1H 2024). Net loss: UK£2.42m (loss widened 63% from 1H 2024). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 15
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£11.2m to UK£9.00m. Forecast losses increased from -UK£0.0065 to -UK£0.0135 per share. Electronic industry in the United Kingdom expected to see average net income growth of 26% next year. Consensus price target of UK£0.40 unchanged from last update. Share price fell 28% to UK£0.12 over the past week. Duyuru • Oct 14
Thruvision Group plc to Report First Half, 2025 Results on Oct 24, 2024 Thruvision Group plc announced that they will report first half, 2025 results on Oct 24, 2024 Breakeven Date Change • Oct 14
Forecast to breakeven in 2027 The 2 analysts covering Thruvision Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of UK£100.0k in 2027. Average annual earnings growth of 63% is required to achieve expected profit on schedule. Duyuru • Jul 19
Thruvision Group plc, Annual General Meeting, Sep 19, 2024 Thruvision Group plc, Annual General Meeting, Sep 19, 2024. Location: the offices of thruvision, 121 olympic avenue, milton park, abingdon ox14 4sa, United Kingdom Reported Earnings • Jun 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: UK£0.019 loss per share (further deteriorated from UK£0.005 loss in FY 2023). Revenue: UK£7.81m (down 37% from FY 2023). Net loss: UK£2.85m (loss widened 254% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Jun 13
Thruvision Group plc to Report Fiscal Year 2024 Results on Jun 28, 2024 Thruvision Group plc announced that they will report fiscal year 2024 results on Jun 28, 2024 New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£1m net loss in 2 years). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (UK£26.5m market cap, or US$33.9m). Duyuru • Apr 27
Thruvision Group plc Provides Revenue Guidance for the Financial Year Ended 31 March 2024 Thruvision Group plc provided revenue guidance for the financial year ended 31 March 2024. For the year, the company expects revenue is expected to be in the order of £7.8 million (financial year 2023: £12.4 million), made up primarily by Entrance Security, new Customs agency sales and Retail Distribution. Reported Earnings • Nov 24
First half 2024 earnings released: UK£0.01 loss per share (vs UK£0.012 loss in 1H 2023) First half 2024 results: UK£0.01 loss per share (improved from UK£0.012 loss in 1H 2023). Revenue: UK£3.55m (up 28% from 1H 2023). Net loss: UK£1.48m (loss narrowed 18% from 1H 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • Nov 07
Thruvision Group plc to Report First Half, 2024 Results on Nov 20, 2023 Thruvision Group plc announced that they will report first half, 2024 results on Nov 20, 2023 New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£1.0m net loss in 3 years). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Market cap is less than US$100m (UK£37.8m market cap, or US$45.9m). Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Katrina Nurse was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Oct 05
No longer forecast to breakeven The 2 analysts covering Thruvision Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£800.0k in 2026. New consensus forecast suggests the company will make a loss of UK£1.00m in 2026. Duyuru • Oct 05
Thruvision Group plc Provides Financial Guidance for the Second Half of 2024 Thruvision Group plc provided financial guidance for the second half of 2024. The company anticipated that second half revenue will exceed that of the first half. New Risk • Oct 02
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: UK£805k Forecast net loss in 3 years: UK£1.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£1.0m net loss in 3 years). Market cap is less than US$100m (UK£42.7m market cap, or US$51.8m). Duyuru • Sep 22
Thruvision Group plc, Annual General Meeting, Sep 21, 2023 Thruvision Group plc, Annual General Meeting, Sep 21, 2023. Agenda: To consider Receipt of directors and auditors report; to Approval of remuneration report; to re-election of directors; to Re-appointment of Auditors; to Authority for Directors to set Auditors remuneration; to Authority for the Company to make market purchases of its own Ordinary Shares; to Authority for the Directors to extend the life of the Thruvison Sharesave Scheme; and to consider other matter. Reported Earnings • Jul 21
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: UK£0.005 loss per share (improved from UK£0.011 loss in FY 2022). Revenue: UK£12.4m (up 49% from FY 2022). Net loss: UK£805.0k (loss narrowed 51% from FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 10.0%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Breakeven Date Change • Jul 21
Forecast to breakeven in 2026 The analyst covering Thruvision Group expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£800.0k in 2026. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Duyuru • Jul 14
Thruvision Group plc to Report Fiscal Year 2023 Results on Jul 21, 2023 Thruvision Group plc announced that they will report fiscal year 2023 results on Jul 21, 2023 New Risk • Jun 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.0m). Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£450k net loss in 2 years). Market cap is less than US$100m (UK£37.5m market cap, or US$47.7m). Major Estimate Revision • Dec 26
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 expected loss increased from UK£0 to UK£0 per share. Revenue forecast of UK£12.6m unchanged since last update. Electronic industry in the United Kingdom expected to see average net income growth of 18% next year. Consensus price target of UK£0.40 unchanged from last update. Share price was steady at UK£0.22 over the past week. Reported Earnings • Dec 19
First half 2023 earnings released: UK£0.012 loss per share (vs UK£0.013 loss in 1H 2022) First half 2023 results: UK£0.012 loss per share (improved from UK£0.013 loss in 1H 2022). Revenue: UK£2.77m (up 41% from 1H 2022). Net loss: UK£1.80m (loss narrowed 5.8% from 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Duyuru • Nov 30
Thruvision Group plc to Report First Half, 2023 Results on Dec 19, 2022 Thruvision Group plc announced that they will report first half, 2023 results on Dec 19, 2022 Price Target Changed • Nov 16
Price target decreased to UK£0.40 Down from UK£0.55, the current price target is provided by 1 analyst. New target price is 84% above last closing price of UK£0.22. Stock is up 19% over the past year. The company is forecast to post a net loss per share of UK£0.0045 next year compared to a net loss per share of UK£0.011 last year. Major Estimate Revision • Oct 13
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from UK£10.3m to UK£12.6m. EPS estimate unchanged from -UK£0.008 at last update. Electronic industry in the United Kingdom expected to see average net income growth of 36% next year. Consensus price target of UK£0.40 unchanged from last update. Share price rose 9,900% to UK£23.50 over the past week. Reported Earnings • Sep 30
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: UK£0.011 loss per share (improved from UK£0.017 loss in FY 2021). Revenue: UK£8.36m (up 25% from FY 2021). Net loss: UK£1.66m (loss narrowed 33% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Jun 16
Thruvision Group plc Announces Appointment of Victoria Balchin as Chief Financial Officer, Effective October 1, 2022 Thruvision Group plc announced the appointment of Victoria Balchin as Chief Financial Officer with effect from October 1, 2022. Victoria qualified as a chartered accountant with PwC and has held a number of finance roles with British Sky Broadcasting group plc (2000 to 2005) and SABMiller plc (2005 to 2017) before joining Spectris plc in 2017 as Group Financial Controller. In 2019, she was appointed CFO of Brüel & Kjær Vibro, a Spectris business headquartered in Germany, which was sold by Spectris in March 2021 to a large Japanese listed group. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Richard Amos was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: UK£0.013 loss per share (down from UK£0.003 loss in 1H 2021). Revenue: UK£1.96m (down 58% from 1H 2021). Net loss: UK£1.91m (loss widened 386% from 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 113%, compared to a 7.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Executive Departure • Oct 06
Independent Non-Executive Director Paul Taylor has left the company On the 28th of September, Paul Taylor's tenure as Independent Non-Executive Director ended after 9.5 years in the role. As of June 2021, Paul still personally held 272.49k shares (UK£68k worth at the time). Paul is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.92 years. Reported Earnings • Jul 12
Full year 2021 earnings released: UK£0.017 loss per share (vs UK£0.009 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£6.70m (down 16% from FY 2020). Net loss: UK£2.49m (loss widened 95% from FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 03
Thruvision Group plc Provides Revenue Guidance for the Fiscal Year 2021 Thruvision Group plc provided revenue guidance for the fiscal year 2021. Full year revenues are expected to be around £6.7 million, with a consequential impact on profitability. Is New 90 Day High Low • Mar 11
New 90-day low: UK£0.24 The company is down 10.0% from its price of UK£0.26 on 11 December 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Duyuru • Feb 24
Thruvision Group plc Announces Board Changes Thruvision announced the appointment of Richard Amos as a Non-Executive Director with effect from 1 March 2021. Richard is a member of the Institute of Chartered Accountants in England and Wales and was until December 2020 CFO of Wilmington Plc. Richard has also served as CFO of Anite plc (2009 to 2015) and Plant Impact plc (2016 to 2018). Richard will serve on the Audit, Remuneration and Nomination committees of the Company from appointment and assume the chairmanship of these committees at the conclusion of the Annual General Meeting ('AGM') later in the year. Paul Taylor will step down from the Board at the conclusion of the 2021 AGM following completion of nine years of service with the Company. Is New 90 Day High Low • Jan 27
New 90-day low: UK£0.24 The company is down 5.0% from its price of UK£0.26 on 28 October 2020. The British market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Reported Earnings • Nov 26
First half 2021 earnings released: UK£0.003 loss per share The company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: UK£4.65m (down 3.8% from 1H 2020). Net loss: UK£394.0k (loss widened 2.6% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 12
Thruvision Group plc to Report Q2, 2021 Results on Nov 23, 2020 Thruvision Group plc announced that they will report Q2, 2021 results on Nov 23, 2020 Is New 90 Day High Low • Oct 16
New 90-day low: UK£0.26 The company is down 9.0% from its price of UK£0.29 on 17 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Duyuru • Sep 18
Thruvision Group plc Receives Contract Form US Government's Customs and Border Protection Thruvision Group plc announced a strategically important contract award by the US Government's Customs and Border Protection (CBP) for further units and associated support services totalling $4.9 million, of which $4.3 million is expected to be delivered in fiscal year 21. This latest award, in line with the Company's expectations, is a follow-on order by CBP to that of $3.0 million made in 2019. 
