StockMarketWire.com - People-screening technology provider Thruvision booked a full-year loss after rising revenue was more than offset by higher overheads.

Pre-tax losses for the year through March amounted to £2.1m, compared to losses of £3.2m on-year.

Revenue almost doubled to £6.0m, up from £3.1m on-year.

The company sold 109 Thruvision units, up from 57 on-year, and added 11 new customers.

'This has been a year of important transformation - we have nearly doubled our revenues, significantly increased our manufacturing capacity, and strengthened our sales leadership,' chief executive Colin Evans said.

'During the year we won orders from new customers and saw further sales to existing customers in the loss prevention and transportation markets.'

'While we experienced some delays following the US government shut-down in early 2019, those orders have been received since the period end.'

'Looking forward, market interest continues to grow as brand awareness builds and sales momentum into the new financial year has been maintained.'

'The board remains confident about the company's prospects for the future, and its ability to exploit a significant new niche in the international security market.'



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