Thruvision shares drop 11% after securing £3 million airport security contract
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Thruvision's shares fell 11% to 2p on Monday morning after the company announced a contract expected to generate more than £3 million in revenue from deploying its security systems across multiple major airports in south‑east Asia.
The order backlog grew to £2.6 million at the end of September from £1.3 million at the end of March, while the full‑year revenue forecast stayed at £8 million; cash fell to £1.6 million on 9 October from £2 million at the end of March. Strategic partners contributed almost 60% of first‑half revenue and the reseller network was expanded in the UK and Benelux through new partnerships with RedteQ and Bavak Security Group.