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Transense Technologies swings to modest profit on higher sales | 17 February 2021

17 February 2021 | 09:41am StockMarketWire.com - Specialist sensor system developer Transense Technologies swung to a modest first-half profit after it its boosted sales. Net profit for the six months through December amounted to £0.05 million, compared to a year-on-year loss of £1.19 million. Revenues from continuing operations climbed to £0.90 million, up from £0.28 million. These results reflect the transformational change in the business since the transactions completed last June, moving iTrack from an operational business into a licence model last June, executive chairman Nigel Rogers said. We have every confidence that iTrack will continue to achieve increased market penetration, and deliver royalty income at or above our current expectations.

Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Transense Technologies swings to modest profit on higher sales

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Transense Technologies swings to modest profit on higher sales

Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Transense Technologies swings to modest profit on higher sales
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

IN BRIEF: Transense Technologies Optimistic Over Outlook For Full Year

IN BRIEF: Transense Technologies Optimistic Over Outlook For Full Year Thu, 17th Dec 2020 22:04 Transense Technologies PLC - specialist sensor systems developer - Says revenue from Surface Acoustic Wave technology and Translogik probe products substantially ahead of the modest level achieved in equivalent period last year. Rate of royalty income from iTrack increasing as expected, with expectations of further growth as the licencee continues to implement its roll-out and marketing strategy. As such, net result for the financial year to date is around break even and cash neutral, in line with management expectations and is optimistic about the outlook for the full year and beyond.

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