
16 Jul 2024
Allenby Capital - Transense Technologies - Update
Revenue and adjusted EBITDA are expected to be ahead of our revised forecasts with a strong second half from Translogik and SAWsense (combined revenues up 75% sequentially) and a particularly strong Q4 from the former from new customer wins. iTrack royalty income increased by 30% to £2.6m leading to Group revenues of c.£4.2m and adjusted EBITDA of c.£1.7m, ahead of our forecasts of £4.0m and £1.6m respectively. We are particularly encouraged by the increasing momentum within Translogik and the l ....

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Allenby Capital - Transense Technologies - Update
Transense Technologies PLC (TRT:LON) | 158 0 0.0% | Mkt Cap: 24.0m
- Published:
16 Jul 2024 -
Author:
Ian Jermin -
Pages:
2 -
Revenue and adjusted EBITDA are expected to be ahead of our revised forecasts with a strong second half from Translogik and SAWsense (combined revenues up 75% sequentially) and a particularly strong Q4 from the former from new customer wins. iTrack royalty income increased by 30% to £2.6m leading to Group revenues of c.£4.2m and adjusted EBITDA of c.£1.7m, ahead of our forecasts of £4.0m and £1.6m respectively. We are particularly encouraged by the increasing momentum within Translogik and the l ....