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Published on: April 21, 2023

Breakthrough revenue growth

Thruvision has issued a positive full-year trading update to 31 March, detailing revenue growth of 48% and EBITDA nearing breakeven. We expect the group’s medium-term performance to benefit from several drivers. In particular, the Customs division should continue to grow, underpinned by the CBP framework and interest from other international agencies. We also expect Retail Distribution (formerly Profit Protection) to gain market share, benefit from new product rollouts and grow profitable revenue when the retail environment improves. We look forward to further developments as Thruvision’s technology becomes more accepted and mainstream.

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