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Thruvision Group plc
(LSE:THRU)
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Rating:46Neutral
Price Target:
2.00 p
▲(56.25% Upside)
Action:Reiterated
Date:10/15/26
The score is held down mainly by weak financial performance: persistent losses, sharply lower gross margin in 2026, and multi-year negative operating/free cash flow outweigh the benefit of low leverage and a revenue rebound. Technically, bearish trend signals (below key moving averages and negative MACD) are only partially offset by oversold readings (RSI/Stochastics). Valuation provides limited support because the negative P/E reflects ongoing unprofitability and no dividend yield is available.
Positive Factors
Revenue Recovery
Revenue rebounded 23.7% in 2026 after declines, showing that demand can recover across its security-screening markets. If converted into repeat deployments, this renewed volume could improve operating leverage and support a more durable growth base, although profitability remains unresolved.
Negative Factors
Persistent Losses
Operating and net losses persist across every period, while gross margin fell to about 14% in 2026 from 31% in 2025 and 45% in 2024. The combination indicates weak earnings conversion and raises doubt that revenue recovery alone will create durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Revenue rebounded 23.7% in 2026 after declines, showing that demand can recover across its security-screening markets. If converted into repeat deployments, this renewed volume could improve operating leverage and support a more durable growth base, although profitability remains unresolved.
Read all positive factors
Thruvision Group plc (THRU) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£8.27M
Dividend YieldN/A
Average Volume (3M)3.05M
Price to Earnings (P/E)―
Beta (1Y)-0.59
Revenue Growth44.63%
EPS Growth59.14%
CountryUK
Employees35
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding448,559,020
10 Day Avg. Volume3,857,709
30 Day Avg. Volume3,054,520
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.65
Price to Sales (P/S)0.51
P/FCF Ratio-4.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£8.00M
Thruvision Group plc Business Overview & Revenue Model
Company Description
Headquartered in Abingdon, UK, Thruvision Group plc is a company dedicated to the development, manufacturing, and global distribution of passive people-screening technology. Operating in the United Kingdom, across Europe, the Americas, Asia-Pacifi...
How the Company Makes Money
Thruvision makes money mainly by selling its passive terahertz imaging hardware systems to customers, with revenue recognized from delivered product shipments and deployed solutions. A key revenue stream is the sale of security screening cameras/s...
Thruvision Group plc Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Sep 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.02M | 4.16M | 7.81M | 12.42M | 8.36M |
| Gross Profit | 864.00K | 1.29M | 3.52M | 5.20M | 3.34M |
| EBITDA | -2.82M | -4.13M | -2.37M | -325.00K | -1.31M |
| Net Income | -3.63M | -4.60M | -2.85M | -805.00K | -1.66M |
Balance Sheet | |||||
| Total Assets | 7.52M | 8.46M | 11.60M | 12.45M | 12.76M |
| Cash, Cash Equivalents and Short-Term Investments | 2.02M | 374.00K | 4.12M | 2.81M | 5.44M |
| Total Debt | 366.00K | 544.00K | 643.00K | 725.00K | 653.00K |
| Total Liabilities | 2.80M | 2.90M | 2.84M | 3.63M | 3.31M |
| Stockholders Equity | 4.71M | 5.56M | 8.76M | 8.82M | 9.45M |
Cash Flow | |||||
| Free Cash Flow | -701.00K | -4.90M | -1.45M | -2.63M | -2.31M |
| Operating Cash Flow | -273.00K | -4.36M | -826.00K | -2.51M | -1.58M |
| Investing Cash Flow | -454.00K | -450.00K | -532.00K | -112.00K | -735.00K |
| Financing Cash Flow | 2.37M | 1.05M | 2.65M | -50.00K | 491.00K |
Thruvision Group plc Technical Analysis
Negative
1.28
Price Trends
2.08
Negative
1.42
Positive
1.15
Positive
Market Momentum
-0.07
Positive
40.68
Neutral
31.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:THRU, the sentiment is Negative. The current price of 1.28 is below the 20-day moving average (MA) of 2.04, below the 50-day MA of 2.08, and above the 200-day MA of 1.15, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 40.68 is Neutral, neither overbought nor oversold. The STOCH value of 31.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:THRU.
Thruvision Group plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £31.02M | 47.56 | 1.64% | 2.70% | -15.64% | -83.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £2.68B | 26.57 | 19.34% | 2.08% | -0.47% | ― | |
58 Neutral | £10.43M | 15.66 | 4.23% | 3.18% | 10.89% | 9.05% | |
55 Neutral | £5.16M | -27.42 | -3.14% | ― | -4.46% | 63.10% | |
50 Neutral | £4.52M | 22.00 | 14.23% | ― | 20.42% | ― | |
46 Neutral | £8.27M | -1.62 | -67.80% | ― | 44.63% | 59.14% |
* Industrials Sector Average
GB:THRU
Thruvision Group plc
1.80
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71.43%
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Thruvision Group plc Corporate Events
Business Operations and Strategy
Thruvision wins new security screening orders across UK and Asia
Positive
Oct 15, 2026
Thruvision Group plc has secured three new orders for its 81 Series security screening product across key target markets, underscoring growing demand for its technology. The deals include a WalkTHRU screening lane for a UK distribution centre run ...
Business Operations and StrategyFinancial Disclosures
Thruvision Builds Order Backlog and Partner-Driven Growth as Airport and Public Space Deals Land
Positive
Oct 12, 2026
Thruvision Group reported flat first-half FY27 revenue of £2.6 million, in line with expectations, but a sharply higher order backlog of £2.6 million that underpins unchanged full-year revenue guidance of £8 million. The companyR...
Business Operations and StrategyStock BuybackShareholder Meetings
Thruvision Shareholders Back Board and Capital Authorities at AGM
Positive
Sep 24, 2026
Thruvision Group plc reported that all resolutions at its Annual General Meeting were approved by the required majority, including the receipt of financial reports, re‑election of key board members and re‑appointment of auditors, indic...
Business Operations and StrategyProduct-Related Announcements
Thruvision Wins First Canadian Government Deal as Global Security Orders Rise
Positive
Aug 27, 2026
Thruvision Group plc has secured its first Canadian government contract, marking its initial deployment in Canada’s entrance security market and broadening its footprint beyond existing retail distribution customers. The order, placed via a ...
Business Operations and Strategy
Thruvision Wins £3m Airport Security Contract in South-East Asia
Positive
Aug 10, 2026
Thruvision Group has secured a contract worth more than £3 million through its principal Asian partner to deploy high-throughput people-screening systems across multiple major airports in South-East Asia. The systems will focus on aviation wo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.