Transense has revised its FY26 guidance in this morning's trading update, indicating results will be below our forecasts due to macro uncertainty driving customer delays and slower-than-expected uptake of its expanded product line. Our updated forecasts align with management's revised guidance, with FY26E revenue of £5.2m and adj. PBT of £0.2m. Our forecasts are now based on highly secured revenue, with 2H26 underpinned by purchase orders, grants and visible pipeline conversion. The current pipe ....
