Published on: June 8, 2020
Well positioned for the medium term
Thruvision today reported a strong performance for the year to March, albeit slightly impacted by the obvious slowdown in the final few weeks. The group entered the COVID-19 challenges with rapidly-growing market acceptance of its leading product range, and a strong cash balance. Today’s announcement signals that management are unable to offer FY21 guidance given continued uncertainty (so we withdraw estimates), but the offering is well suited to a post-COVID world where people-screening must be carried out from a safe distance. The business has delivered a good FY20, and we continue to see it as well positioned for both the medium and long term.