Transense Technologies annual revenue falls on lower royalties

UK sensor systems provider Transense Technologies reported a 17% fall in annual revenue due to a sharp decline in Bridgestone iTrack royalties and posted a pretax loss for the year, compared with a profit previously. SAWsense revenue rose 20%, partially offsetting weakness in Translogik and royalties. The company targets FY27 revenue growth exceeding 25% year on year, with trading for the first two months of FY27 in line with expectations.