Transense Technologies annual revenue falls on lower royalties

Transense Technologies

22/09/2026 07:13

Overview
UK sensor systems provider's revenue fell 17% as Bridgestone iTrack royalties declined sharply
Company posted a pretax loss for the year, compared with a profit previously
SAWsense revenue rose 20%, offsetting some weakness in Translogik and royalties

Outlook
Transense targets FY27 revenue growth exceeding 25% year on year
Company says trading for first two months of FY27 is in line with expectations
Unit royalty rate from Bridgestone iTrack unchanged in FY27, with volume growth expected

Result Drivers
ITRACK ROYALTY CUT - Revenue and profits were primarily down due to a 40% reduction in contracted unit royalty rates from Bridgestone iTrack, further diluted by weaker USD conversion
SAWSENSE GROWTH - SAWsense revenue rose 20% as the business deepened relationships in aerospace and motorsport, and expanded into robotics and electric drives
TRANSLOGIK CUSTOMER MIX - Translogik revenues were marginally lower as subdued demand from legacy tyre manufacturing customers was offset by new customer wins and expanded reseller channels

Company press release: ID:nRSV6691Va

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
GBP 4.23 mln
 
FY EBIT
 
-GBP 86,000
 
FY Gross Profit
 
GBP 4.08 mln
 
FY Loss Per Basic Share
 
GBP 0.007
 
FY Pretax Loss
 
GBP 105,000
 

Analyst Coverage
NOT AVAILABLENOT AVAILABLE
The average consensus recommendation for the entertainment production peer group is "buy."
Wall Street's median 12-month price target for Transense Technologies PLC is GBp251.00, about 477% above its September 21 closing price of GBp43.50
The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Sept 21 - UK's Invinity H1 revenue rises on project deliveries
Sept 21 - UK's Elixirr H1 revenue rises 25%, aided by AI demand
Sept 21 - UK's Getech H1 revenue rises on Globe subscription renewal

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)