High-end product driving strong performance
Thruvision has reported a very successful H1 of its FY20 year. Revenues were up 53% y/y to £4.8m based on a material increase in average selling prices, allowing the group to roughly halve its operating loss. Cash remains strong at £8.7m. We take the opportunity to introduce forecasts for the first time, at what we believe to be a cautious level, hopefully allowing scope for upgrades over time.