UK's Transense Technologies H1 revenue rises, helped by growth in SAWsense division

Transense Technologies

17/02/2026 07:15

Overview

UK sensing solutions provider's H1 revenue excluding royalties up 39%, total revenue down 8%

Company achieved small profit before tax despite reduced royalty rates

Company maintains strong cash position with £1.33m available at period end

Outlook

Company expects cash generation to improve as orders build

Transense anticipates longer lead times for new customer adoption

Company sees expanding pipeline opportunities in SAWsense and Translogik

Result Drivers

SAWSENSE GROWTH - SAWsense division revenue increased by 74% to £0.66m, driven by growth across all target market sectors and increased order book

TRANSLOGIK EXPANSION - Translogik revenue grew by 13% to £0.59m, with increased market penetration and new product launches

ROYALTY INCOME DECLINE - Bridgestone iTrack royalty income decreased by 35% due to a 40% reduction in royalty rates and currency headwinds

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 2.26 mln
H1 EBIT
GBP 9,000
H1 Gross Profit
GBP 2.04 mln
H1 Pretax Profit
GBP 4,000


Analyst Coverage

Wall Street's median 12-month price target for Transense Technologies PLC is GBp251.00, about 301.6% above its February 16 closing price of GBp62.50

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nRSQ2397Ta

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(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.)