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Tue, 04th Feb 2014 14:17
(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.
Read moreTransense 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.
Read more(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.
Read moreTransense 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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Read moreIN BRIEF: Transense Technologies extends partnership with McLaren
Read moreIN BRIEF: Transense trades in line with expectations, expects profit
Read more(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.
Read more(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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