Transense Technologies' FY25 trading update demonstrates robust revenue growth across divisions, with both Translogik and SAWsense contributing strongly. The timing of secured revenue in SAWsense and iTrack royalty income, impacted by a weakening USD, meant revenue was marginally short of our top-line forecast. However, tight cost control meant adjusted PBT of £1.6m was in line with our forecast, with effective hedging limiting the FX impact on iTrack profit and operating leverage driving 2H mar ....
