Transense flags results slightly below expectations

(Sharecast News) - Transense Technologies said on Monday that it expected annual results to come in slightly below previous expectations, reflecting weaker tyre manufacturer demand and slower customer commitments in parts of its development pipeline.

The AIM-traded sensing technology company said it expected revenue of at least £4.6m for the year ending 30 June, adjusted EBITDA of at least £0.5m and adjusted profit before tax of around break-even.

Cash stood at £1.12m at 31 May, with net cash of £0.71m, although planned working capital movements were expected to reduce that position temporarily at year-end before reversing in July.

Executive chairman Nigel Rogers said contract timing had affected short-term expectations, but added that Transense continued to build commercial and operational momentum, particularly in SAWsense.

The company said FY27 expectations were being moderated prudently, although several customer and partnership agreements were at an advanced stage and could support future growth.

At 1039 BST, shares in Transense Technologies were down 16.81% at 47p.

Reporting by Josh White for Sharecast.com.

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