Transense Technologies PLC (GB:TRT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Transense Technologies PLC has reported a robust financial performance with an 18% revenue increase to £4.2m and a 21% rise in adjusted EBITDA to £1.7m for the fiscal year ending June 2024. Significant growth was seen in the second half of the year, particularly from Translogik and SAWsense business units, and the company also secured new customers including a major tyre manufacturer and aerospace entities. With an enhanced cash balance and strategic investments in operations and development, Transense is poised for anticipated growth in FY25 and beyond.
For further insights into GB:TRT stock, check out TipRanks’ Stock Analysis page.
