By Joe Hoppe
Thruvision Group PLC said Monday that the second half of its fiscal 2022 showed a significant improvement over the first and it expects to report increased revenue, and that its finance director is stepping down.
The London-listed provider of screening technology said that for the year ended March 31, it expects revenue to be around 8.4 million pounds ($11.0 million), up from GBP6.7 million a year prior. It said the improved second half was driven by a considerable increase in its profit protection revenue and further orders for U.S. Customs and Border Protection.
The company said that several new international government agency opportunities have emerged as the effects of the coronavirus pandemic begin to recede, and previously stalled engagements with other customs authorities and prison services are starting to move forward again, giving it confidence in additional revenue from the international market in fiscal 2023.
Thruvision also said that Finance Director Adrian Crockett will step down from the company in April, and Chris Mann has been appointed interim finance director while a search for a permanent successor is under way.
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