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Transense Technologies PLC on Monday warned full-year revenue will be lower than expected reflecting lower than anticipated sales from global tyre manufacturers. In response, shares in the Bicester, England-based sensor technology developer plunged 15% to 48.00 pence each in London on Monday. Transense Technologies said the below par tyre sales within its Translogik business had offset good conversion of new business. Transense Technologies now expects revenue of not less than £4.6 million for the financial year ending June, down from £5.2 million forecast in January, and £5.6 million in the year prior. The company predicts adjusted earnings before interest, tax, depreciation and amortisation of not less than £500,000 and adjusted pretax profit of around break-even. Adjusted Ebitda in the year prior totalled £2.0 million with pretax profit of £1.4 million. Cash at May 31 2026 was £1.1 million, down from £1.3 million the year before. Planned working capital movements in June will temporarily reduce this position at the year end, reversing with strong cash collections due in July, the firm added. While confident in its medium-term growth opportunities, Transense said ‘consistent with a prudent approach, FY27 expectations are being moderated.’ This is to reflect the timing of conversion of advanced commercial opportunities carrying a degree of uncertainty, and that while both business segments are working towards several firm commitments, these are not yet formalised. ‘These opportunities are actively progressing and have the potential to materially enhance performance in FY27 and beyond,’ the firm added. ‘Whilst the timing of contract conversion has impacted short-term expectations, we remain confident in the underlying growth potential of the business and look forward to updating shareholders as these opportunities progress,’ said Executive Chair Nigel Rogers. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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