Transense Technologies (LSE:TRT) reported a 17% decline in revenue to £4.63 million for the financial year ended 30 June 2026, reflecting lower royalty income from Bridgestone’s iTrack system and a reduction in Translogik sales.
The AIM-listed sensor and measurement technology company recorded 20% revenue growth in its SAWsense division, while its year-end cash balance increased to £1.50 million.
Transense also reported that gross margins remained high during the period, as the company continued to focus on cash generation and investment in production capabilities.
Management is targeting further commercial development across both operating divisions during FY2027, including expansion into additional industrial markets and broader customer relationships.
Revenue Declines as Bridgestone Royalty Income Falls
Transense reported total revenue of £4.63 million for FY2026, representing a 17% decrease compared with the previous financial year.
The decline was primarily attributable to a reduction in royalty income from Bridgestone’s iTrack off-highway tyre monitoring system.
Sales in the Translogik division also decreased slightly, reflecting subdued demand from established tyre industry customers.
These reductions were partially offset by revenue growth in SAWsense, which increased sales by 20% during the year.
The company maintained high gross margins despite the overall reduction in revenue.
SAWsense Revenue Increases 20%
Transense’s SAWsense division recorded a 20% increase in revenue during FY2026.
The business develops sensor technology based on Surface Acoustic Wave (SAW) technology for applications in aerospace, automotive and industrial equipment.
During the year, Transense increased its engagement with motorsport and aerospace customers while making initial commercial progress in additional markets.
These include electric drives, industrial automation and robotics, where the company is seeking to develop higher-volume applications for its sensor technology.
Management continues to invest in production capabilities to support the division’s commercial development.
Translogik Expands Customer Base and Distribution Channels
Translogik reported a slight decline in sales during FY2026, with demand from some established tyre industry customers remaining subdued.
However, the division expanded its customer base and developed additional channel partner relationships during the year.
The company also reported new customer wins and an expanded relationship with Continental.
Under the relationship, Transense plans to introduce bespoke TLGX products, extending its range of tyre inspection equipment.
Management expects the broader customer base, additional distribution channels and new product activity to support repeat business during FY2027.
Translogik supplies tyre inspection and measurement equipment for commercial vehicle and industrial applications.
Cash Balance Increases to £1.50 Million
Transense reported a year-end cash balance of £1.50 million, an increase compared with the previous year.
The higher cash position was recorded despite the decline in group revenue.
Management said the company continued to prioritise cash generation and maintain a disciplined approach to investment in production capabilities.
Gross margins remained high during the financial year, although the supplied announcement does not specify the margin percentage or provide detailed profitability figures.
The company is balancing investment in its sensor technology and manufacturing capabilities with its cash management objectives.
Commercial Development Targets Additional Industrial Markets
Transense is pursuing commercial opportunities for SAWsense in sectors including aerospace, motorsport, electric drives, industrial automation and robotics.
The company is seeking to expand the technology’s applications beyond its existing customer base and develop opportunities in higher-volume markets.
Within Translogik, the focus remains on broadening customer relationships, expanding distribution channels and introducing products through its relationship with Continental.
Management has set longer-term objectives for both divisions, aiming to establish their technologies across additional markets by the end of the decade.
These objectives remain dependent on customer adoption, product development and future commercial activity.
FY2027 Outlook
Transense enters FY2027 following a year in which lower Bridgestone iTrack royalties and reduced Translogik sales outweighed growth in SAWsense.
The company expects its expanded Translogik customer base and channel partnerships to support repeat business, while the planned introduction of bespoke TLGX products with Continental represents a further commercial initiative.
For SAWsense, priorities include developing existing aerospace and motorsport relationships and progressing opportunities in electric drives, industrial automation and robotics.
Management continues to focus on cash generation and investment in production capabilities as it pursues its longer-term commercial objectives.
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