Thruvision Group PLC on Thursday reduced its revenue outlook for its 2025 financial year, due to delays in talks for potential contracts.

Shares in the Abingdon, England-based provider of walkthrough people screening technology were down 28% to 3.26 pence each in London on Thursday afternoon. The stock has fallen 83% over the last twelve months.

Thruvision said it expects revenue for the year due to end March 31 to be between £5 million and £6 million, reduced from its prior £9 million guidance.

This would represent between a 26% and 44% decline from £7.8 million in revenue last year.

Thruvision had previously noted a ‘significant’ number of near-term opportunities as part of its strategic review. In particular, this included a potential contract to the value of around £15 million, for the financial year ending March 31, 2026.

‘Whilst all of these material opportunities remain intact,’ Thruvision explained, ‘recent discussions with associated customers have confirmed that they will predominantly not start before the next financial year, and therefore that their impact on the current financial year ending March 31, 2025, will be minimal’.

The group continues to expect its existing cash resources to last until around the end of May.

Thruvision hopes that offers to either acquire the group or provide additional cash resources will be ‘forthcoming’, but emphasises that there ‘can be no certainty that such offers will materialise’.

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