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Pin to quick picksTransense Share News (TRT)

Share Price Information for Transense (TRT)

London Stock Exchange
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Share Price: 142.50
Bid: 135.00
Ask: 150.00
Change: 0.00 (0.00%)
Spread: 15.00 (11.111%)
Open: 142.50
High: 142.50
Low: 140.00
Prev. Close: 142.50
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EARNINGS UPDATES: Transence Tech swings to profit; Curzon widens loss

Tue, 27th Sep 2022 17:42

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Transense Technologies PLC - Bicester, England-based developer of specialist sensor systems for vehicles - Swings to a pretax profit of GBP268,000 in the year ended June 30, from a loss of GBP193,000 the previous year. Revenue rises 49% to GBP2.6 million from GBP1.8 million - this was primarily driven by momentum on royalty income from iTrack, the firm explains. iTrack royalty income totals GBP1.6 million in the year, up 88% against the previous year. Chair Nigel Rogers says: "The directors are confident that the company's business model is resilient, that further increases in profitability and cash flow are deliverable, and that the long term prospects for the company continue to build." In the first two months of its new financial year, company reports a year-on-year revenue growth of 19%.

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Curzon Energy PLC - London-based investor and developer in US based natural gas projects - In the six months ended June 30, widens its pretax loss to USD408,424 from USD345,886 the previous year. Administrative expenses increase to USD307,999 from USD278,305. The majority of this interim loss was due to expenditures in relation to the maintenance of the commercial potential of its Coos Bay coal bed methane project, as well as listing related corporate overheads in London, the company explains. Curzon says it is "unlikely" that it will recommend a dividend in the "foreseeable future." Adds its near-term goals remains focused on exploring ongoing opportunities and license renewals associated with the Coos Bay coal bed methane project.

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GENinCode PLC - Manchester-based predictive genetics company focused on the prevention of cardiovascular disease - Significantly widens pretax loss in the six months to GBP2.3 million in the six months to June 30, from GBP1.0 million the previous year. Revenue ticks up to GBP664,000 from GBP600,000. Administrative expenses surge to GBP2.6 million from GBP1.3 million. Cites increased levels of investment in preparation for the launch of Lipid inCode and Cario inCode for the widened loss. Looking to the second half, company remains focused on its US regulatory and reimbursement submissions for Cardio inCode. Adds the commercialisation of Lipid inCode continues to progress.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - In the six months to June 30, posts a widened pretax loss of USD3.2 million, compared to a loss of USD2.2 million in the period from August 5, 2020 to June 30, 2021. Against the same period, royalty income falls to USD14.1 million from USD16.3 million. Operating costs increase to USD15.6 million from. Looking into the second half of 2022, firm says royalty collecting societies and music publishers are expecting to see a positive upswing in royalty collections and distributions as the world continues to reopen post-Covid lockdowns.

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LifeSafe Holdings PLC - Essex, England-based fire safety technology firm - In the first half of 2022, significantly widens pretax loss to GBP2.2 million from GBP665,000 the previous year. Revenue surges to GBP1.3 million, however, from GBP41,000 a year prior. Administrative expenses jump to GBP1.4 million from GBP600,000 the previous year. Also notes non-underlying costs of GBP895,000 due to IPO costs and share-based payment charges. Chair Dominic Berger says: "In H1 2022, we have almost doubled the revenues that we generated in all of 2021 and this strong momentum has continued into H2 2022 with revenues continuing to grow ahead of the board's expectations."

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By Heather Rydings; heatherrydings@alliancenews.co

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
13 Sep 2022 10:14

Transense shares up on contract with Meggitt for use of SAW technology

(Alliance News) - Transense Technologies PLC shares jumped on Tuesday as it said it has signed a memorandum of understanding with Meggitt SA to evaluate the use of its 'surface acoustic wave' technology.

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5 Jul 2022 10:20

IN BRIEF: Transense expects full-year in line with market expectations

Transense Technologies PLC - Bicester, England-based developer of specialist sensor systems for vehicles - Says its results for the year ended June 30 are in line with market expectations, noting strong royalty and sales revenue growth. Revenue is expected to increase by almost 50% to GBP2.6 million, in line with expectations. Adjusted earnings before interest, tax, depreciation, and amoritization also expected to be in line with expectations, though the company does not specify a figure. Underlying royalty revenue is expected to increase by more than 75% against the prior year. Explains that the momentum built up in royalty income now generates sufficient net income to "comfortably cover" fixed overheads. "Optimistic" about growth prospects despite gathering economic headwinds.

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17 May 2022 17:16

Transense Technologies secures GBP135,000 grant to develop technology

(Alliance News) - Developer of specialist sensor systems Transense Technologies PLC on Tuesday said it had secured a place on the Advanced Propulsion Centre's Technology Developer Accelerator Programme.

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22 Feb 2022 12:37

IN BRIEF: Transense Technologies shares up on swing to interim profit

Transense Technologies PLC - Bicester, England-based developer of specialist sensor systems for vehicles - Swings to a pretax profit of GBP82,000 in the six months ended December 31, from loss of GBP53,000 a year before. This was on revenue of GBP1.2 million, up 34% from GBP895,000. Credits the growth to increased royalty income and Translogik probe revenue.

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22 Feb 2022 11:28

AIM WINNERS & LOSERS: Image Scan stalls; System1 warns on revenue

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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15 Feb 2022 16:19

UK earnings, trading statements calendar - next 7 days

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EXECUTIVE CHANGES: Long-serving FIH Group CEO to retire in April

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AIM WINNERS & LOSERS: Universe doubles after takeover agreement

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28 Sep 2021 12:56

EARNINGS UPDATES: Digitalbox swings to profit; Itaconix revenue up 26%

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21 Sep 2021 16:04

UK earnings, trading statements calendar - next 7 days

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14 Sep 2021 19:40

IN BRIEF: Transense Technologies extends partnership with McLaren

IN BRIEF: Transense Technologies extends partnership with McLaren

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5 Jul 2021 14:43

IN BRIEF: Transense trades in line with expectations, expects profit

IN BRIEF: Transense trades in line with expectations, expects profit

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5 Jul 2021 10:46

Transense Technologies FY trading in line with expectations

(Sharecast News) - Sensor systems provider Transense Technologies said on Monday that the group's performance in its recently wrapped up trading year had been in line with market expectations.

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17 Feb 2021 12:57

Transense Technologies swings to profit in first half

(Sharecast News) - Sensor systems developer Transense Technologies reported a threefold improvement in revenue from continuing operations in its first half on Wednesday, to £0.9m.

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