Transense Reports Strong Financial Growth

Transense Technologies PLC (GB:TRT) has released an update.

Transense Technologies PLC announced an 18% revenue increase to £4.18m and a 20% rise in adjusted profit before taxation to £1.31m for the fiscal year ended June 30, 2024. The company, which specializes in sensor systems, has made significant investments in its team and infrastructure, aiming to strengthen its commercial pipelines in aerospace and electric vehicle markets. These developments, alongside a 30% boost in Bridgestone iTrack royalty income, underpin the company’s positive financial outlook and strategic growth plans.

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