Thruvison Group PLC tumbled 17% as the security screening firm warned an expected order from US Customs and Border Protection (CBP) has not materialised due to the budget wrangles in the United States.
“We fully expect further significant CBP orders when clearer priorities for border control investment are established by the US Government,” said chief executive Colin Evans.
First-half revenues were up 27% to £3.5 million but without the CBP order sales this year are unlikely to meet market forecasts, it added.
Demand for WalkTHRU, which has the ability to screen 100% of people for all types of concealed items at a walking pace, remains strong nonetheless, said Evans, and the second half will still show good growth over the first. Its dependence on the US government will also be reduced.
Shares fell 17% or 5p to 24p.