StockMarketWire.com - People-screening technology provider Thruvision posted a first-half loss after rising revenue was offset by higher selling costs and administrative expenses.

Net losses for the six months through September amounted to £1.1m, narrowing from losses of £13.8m on-year.

Revenue rose substantially to £3.2m, up from £0.3m, but was offset by expenses associated with share-based payments to staff, marketing costs and investments in engineering and manufacturing capabilities.

'We are pleased with the progress we have made in the first half of this year,' managing director Colin Evans said.

'We continue to deliver additional units to existing customers, and we are also winning new customers across a variety of geographies and markets, with particular success in transportation and loss prevention.'

'This, combined with our deepening relationship with TSA and the very high profile nature of the LA Metro deployment is testament to the international appeal of our solution and the scale of the opportunity ahead.'




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