Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

 58.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 88.50
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 0
  • Market Cap: £9.46m
  • RiskGrade: 423

Transense Technologies warns on full-year revenue

By Natasha Roberts

Date: Friday 13 Jun 2014

LONDON (ShareCast) - Transense Technologies on Friday warned that its turnover for the year ending June 30th will be lower than previously estimated, generating an overall loss.

The firm, which develops non-contact battery-less sensors, explained that the length of its sales cycle has proven greater than expected, but that all of the sales prospects remain active and as such it expects to continue to achieve substantial increases in turnover year-on-year.

The group, which had expected to breakeven for the year, said the total loss should be around half that reported for the previous year, which came in at £2.38m.

"However, given the encouraging trends in the business including the strong top line growth, robust gross margins in line with expectations and better-than-expected overheads, the loss [before interest, tax, depreciation and amortisation] for this financial year will be less than half that sustained in the previous year," a statement from the group read.

Looking further ahead, the group believes it will benefit over the longer term from higher levels of repeat orders of replacement items such as its tyre probes, but said larger individual contracts "may still continue to cause some volatility in reported results".

It added that at £3.2m its cash position is strong and said it has "sufficient capital required to pursue the business plan and deliver significant growth in the years ahead".

Shares had declined 17.63% to 6.07p by 12:51.

NR

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRT Market Data

Currency UK Pounds
Share Price 58.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 88.50
52 Week Low 42.50
Volume 0
Shares Issued 16.31m
Market Cap £9.46m
RiskGrade 423

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.96% below the market average34.96% below the market average34.96% below the market average34.96% below the market average34.96% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
21.17% above the market average21.17% above the market average21.17% above the market average21.17% above the market average21.17% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth
22.62% below the market average22.62% below the market average22.62% below the market average22.62% below the market average22.62% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

TRT Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

Top of Page