Market's view on Thruvision Grp
Published on April 2024
- A stock watcher expressed optimism about the company’s future growth and profitability, highlighting its operations in four distinct end markets post-COVID.
- Concerns were raised about an anticipated adjusted EBITDA loss of £2.5 million, viewing it as indicative of deeper financial issues.
- Doubts were shared regarding the overvaluation of the company’s stocks, contrasting the £5 million cash against a market cap of £29 million.
- The TSA policy change in the US was noted as increasing urgency for airport security technology upgrades.
- It was mentioned that the US border force and military personnel have already been using Thru tech, highlighting a delay in commercial aerospace opportunities.
- Criticism was directed at an announcement for being vague and not providing detailed results from a security system evaluation, deemed unhelpful for investment decisions.
- Positive feedback was given on the operational test and evaluation completion of the WalkTHRU system by Safe Skies at San Diego International Airport.
- Concerns about the company’s financial stability without a cash injection were voiced, along with worries about a significant cash burn due to unsecured US orders.
- The company’s share price was described as too high with a suggestion to reconsider at a lower price point.
- It was noted that throughput at airports might be hindered not by human flow but by hand luggage processing, affecting the company’s business opportunities in this sector.
- A comprehensive overview of Thruvision’s operations, markets, and financial health was presented, noting a particular focus on retail distribution centres and customs agencies, with a potential growth area in aviation security for passengers.