Transense Technologies (LSE:TRT) said trading across its two core divisions remains positive, but slower-than-expected customer onboarding and a downgrade to anticipated Bridgestone iTrack royalties have led management to trim its outlook for the year ending June 2026. The group now expects FY26 revenue of at least £5.2m, including around £2.0m from royalties, falling short of previous market expectations after an estimated 10% reduction in forecast iTrack income. While combined revenue from SAWsense and Translogik is still projected to grow by at least 30% year on year, with gross margins maintained, full-year profitability is now expected to be materially lower than earlier guidance, despite the business being profitable and cash generative in the first half.
Operationally, SAWsense delivered revenue growth of more than 70% in the first half, while Translogik recorded growth of 13%, supported by a strengthening sales pipeline and new partnership discussions. Management noted that geopolitical and broader economic uncertainty are causing some customers to delay new commitments, weighing on near-term visibility. Even so, the board reiterated confidence in the group’s longer-term growth prospects, pointing to the scalability of its technology platforms and exposure to high-value end markets, as the company prepares to publish interim results and host investor presentations in February.
More about Transense Technologies PLC
Transense Technologies PLC, headquartered in Oxfordshire and listed on AIM, develops and supplies advanced sensing and measurement technologies for mission-critical applications. Through its SAWsense and Translogik divisions, the company provides Surface Acoustic Wave-based sensor systems to aerospace, automotive and industrial customers, alongside smart, connected tyre inspection and monitoring solutions for global tyre manufacturers, fleet operators and service centres, and earns residual royalties from Bridgestone’s iTrack off-highway tyre monitoring system.
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