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Transense Technologies PLC ( (GB:TRT) ) has provided an update.
Transense Technologies PLC reported a 36% increase in revenue to £2.46 million for the six months ending December 31, 2024, with strategic investments in operational capabilities setting the stage for future growth. Despite a slight drop in profits before taxation and earnings per share, the company has strengthened its engineering and operations teams and entered the second half with a record order book for motorsport sensor systems in partnership with McLaren Applied. The company’s SAWsense segment saw significant growth with new aerospace and robotics projects, while Translogik expanded its distribution network in Southeast Asia, South America, and North America. The company remains optimistic about its growth prospects, bolstered by a strong pipeline and strategic market positioning.
More about Transense Technologies PLC
Transense Technologies PLC, based in Oxfordshire, UK, is a developer and supplier of advanced sensor technology and measurement solutions, primarily operating through its two segments: SAWsense and Translogik. SAWsense specializes in sensor solutions based on Surface Acoustic Wave technology for aerospace, automotive, and industrial machinery applications, working with key customers like GE Aerospace and McLaren Applied. Translogik focuses on smart, connected commercial vehicle tyre inspection equipment for leading tyre suppliers and fleet operators, with significant partnerships including Bridgestone and Goodyear.
YTD Price Performance: -10.14%
Average Trading Volume: 21,684
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.59M
Find detailed analytics on TRT stock on TipRanks’ Stock Analysis page.
