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Pin to quick picksTransense Share News (TRT)

Share Price Information for Transense (TRT)

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Share Price: 123.00
Bid: 121.00
Ask: 125.00
Change: 0.00 (0.00%)
Spread: 4.00 (3.306%)
Open: 123.00
High: 123.00
Low: 123.00
Prev. Close: 123.00
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Transense Tech's full year pre-tax profit falls but in line with expectations.

Wed, 21st Sep 2016 11:14

(ShareCast News) - Transense Technologies, a provider of sensor systems for industrial, mining and transportation markets, reported a rise in full year revenue but a decrease in pre-tax profit, although it was trading in line with expectations.For the year ended 30 June, revenue rose significantly to £5.12m from £1.25m last year and revenues - before the IntelliSAW related license fee from Emerson, which the company sold in October 2015 - increased by 67% to £2.08m.The pre-tax profit fell almost 25% to £1.6m, which included the licence fee of £3.04m, before associated costs, and £2.76m after costs.Revenue for the Translogik business grew by 79% to £1.63m, and revenue from the SAWSense business rose by 36% to £450,000 from design, development and low volume production activities.Gross margins, excluding the licence fee, were 64%, down from 67% last year due to a slight change in the mix between business activities.Profit attributable to shareholders also fell 63% to £1.15m which resulted in an earnings per ordinary share of 0.26p, down 1.11p last year. The board do not recommend a dividend payment.Net cash balance at the end of June rose to £3.65m from £470,000.Executive chairman David Ford said the company was in a robust financial condition and has the financial resources available to commit to building two distinct businesses, SAWSense and Translogik, with high growth potential.He said the value of the surface acoustic wave (SAW) technology is becoming recognised, and addresses the increasing demands of its global partners in the industrial equipment, automotive, aerospace markets.Ford added: "The board is confident that the longer term prospects for the company are promising, whilst maintaining a cautiously optimistic view of prospects for short term revenue growth and the achievement of break even."Transense is to launch Translogik's iTrack II to the mining sector soon to meet the needs of increased productivity, cost control, asset management and safety, with customer trials expected to start towards the end of 2016, and to be with customers by early 2017.The company is to propose to shareholders to reduce the share capital by cancelling deferred shares and the share premium account, which will result in the company having distributable reserves enabling the payment of dividends from income or return of capital to shareholders from licensing transactions or partial disposals in the future.It also proposed that the ordinary share capital is subject to a 50 to one consolidation to mitigate the effect of prior dilutions on the price.Shares in Transense Technologies were down 4.49% to 2.15p at 1102 BST.
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4 Feb 2014 13:43

UPDATE: Transense Narrows Pretax Loss As Revenue More Than Doubles

LONDON (Alliance News) - Transense Technology said Tuesday it narrowed its pretax loss as it saw revenue more than double in the half-year ended December 31. The technology company, which produces sensor systems, posted its maiden earnings before interest, tax, depreciation and amortisation

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4 Feb 2014 12:37

UK MIDDAY BRIEFING: Oil Majors Report Declining Profits

LONDON (Alliance News) - Oil majors BP and BG Group both reported a deterioration in the fourth quarter Thursday, with BG swinging to a loss, but their shares headed in different directions after BG previously flagged the downturn while the extent of its rival's profit decline was more unexpected

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4 Feb 2014 11:50

UK WINNERS & LOSERS: Premier Oil Leads FTSE 350 Risers As CEO Resigns

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

BG Group, up 1.1%. After initially seeing its share price fall, BG is no

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4 Feb 2014 11:40

Transense Narrows Pretax Loss As Revenue More Than Doubles

LONDON (Alliance News) - Transense Technology narrowed its pretax loss as it saw revenue more than double in the half-year ended December 31. The technology company, which produces sensor systems, posted its maiden earnings before interest, tax, depreciation and amortisation profit of GBP20

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4 Feb 2014 08:29

UK MORNING BRIEFING: Shares Open Lower; Ocado Losses Widen

LONDON (Alliance News) - UK shares have opened lower Tuesday amid continued worries about the US economy.

Ocado shares are down 4.5% as it reported a wider pretax loss for 2013, though the online grocer said it expects to reach profitability this year.

Br

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11 Oct 2013 08:55

Transense Technologies Chairman Kleeman Steps Down, Ford Succeeding

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16 Sep 2013 14:29

UPDATE: Transense Narrows Loss, Adds Revenue As Investments Begin To Pay-Off

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16 Sep 2013 09:15

Transense Narrows Loss, Adds Revenue As Investments Begin To Pay-Off

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27 Aug 2013 11:10

Transense Technologies signs distribution agreement

Transense Technologies, an AIM-listed provider of sensor systems for the transportation and industrial markets, has signed a distribution agreement with a Chilean subsidiary of Otraco International. Two Otraco Chile clients immediately placed orders for the delivery of Transense Technologies' iTra

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7 Jun 2013 09:18

Transense Technologies wins Anglo American contract - UPDATE

Transense Technologies, provider of sensor systems to transport and industrial markets, has secured a contract with a subsidiary of mining giant Anglo American and proposed a fundraising at a discount to its recent share price. Under the contract, Transense will provide Anglo's subsidiary Kumba Iro

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26 Oct 2012 13:01

Transense Technologies soars on sales forecast

Shares of Transense Technologies leapt as the maker of industrial sensor systems said sales for the first four months of the new financial year surged almost fourfold from the same time last year. The Oxfordshire based group, which makes tyre pressure monitoring technology, said it has made progres

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3 Sep 2012 11:28

Small caps round-up: Sky High, Transense Technologies, Vipera

Transense Technologies, which makes sensor systems for industrial uses, has reported strong demand for its temperature monitoring product. Three new pilot schemes have been agreed with Petrobus in Brazil, Southern China Grid, a major regional power company supplying 230m people, and the Gujarat Stat

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28 Aug 2012 14:43

Small caps round-up: Transense Tech, Hightex, Verona Pharma

Transense Technologies, which provides sensor systems for the transportation and industrial markets, has reported that its trading division, Translogik, has received an initial order for its iTrack Tyre Temperature and Pressure Monitoring Systems for mining and off-the-road vehicles from its Indones

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16 Jul 2012 09:14

Transense signs deal with Peru power firm

Shares of sensors specialist Transense Technologies shot ahead after it confirmed its trading division, IntelliSAW has entered into a strategic distribution agreement with Green Electric Solutions, a division of the Peruvian company ELTROTEC. Lima based Green Electric Solutions is focused on combin

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5 Jul 2012 16:15

Sector movers: GKN lifts auto stocks after Volvo Aero purchase

Engineering group GKN provided a boost to the automobiles and parts sector on Thursday after firm announced that it had agreed to acquire Volvo Aero. The group raised £140m this afternoon after completing a placing of 70m shares, with the funds going towards the £633m purchase of the aero engine di

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