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Transense Technologies PLC ( (GB:TRT) ) has shared an announcement.
Transense Technologies PLC reported strong revenue growth for the first half of the fiscal year, with a 37% increase in total revenue compared to last year. The company made significant investments in operational capabilities, increasing headcount and expanding production facilities to support future growth. While net earnings were down due to these investments, the company remains optimistic about future growth prospects, particularly with the expansion of SAWsense in aerospace and the transition of Translogik production in-house. The change of nominated advisor and broker to Cavendish Capital Markets was also announced alongside the notice for interim results presentation.
More about Transense Technologies PLC
Transense Technologies PLC operates in the sensing solutions industry, providing specialist measurement systems with a focus on sectors such as automotive, aerospace, and tire management. Their primary products include SAWsense, Bridgestone iTrack royalties, and Translogik systems, serving markets with a need for advanced sensor technologies.
YTD Price Performance: -5.80%
Average Trading Volume: 16,782
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.73M
Learn more about TRT stock on TipRanks’ Stock Analysis page.