On Monday, Transense Technologies plc (TRT.L), a provider of specialist sensing solutions and measurement systems, announced that it now expects fiscal 2026 modestly below previous estimates. The firm added that fiscal 2027 expectations are being moderated.
On the London Stock Exchange, the shares were trading 15.50 percent lower at 47.74 pence.
In its update of trading for the year ending June 30, the company said it now expects revenue of not less than 4.6 million pounds, lower than previous estimate of 5.2 million pounds.
The adjusted EBITDA is now expected to be not less than 0.5 million, and adjusted pre-tax profit to be approximately break-even.
Previously, the company was expecting profitability to be below then market expectations, due to lower-than-expected sales in the tyre manufacturing within Translogik.
Furthermore, the SAWsense revenue is expected to be not less than 1.3 million pounds, Translogik revenue to be not less than 1.25 million pounds and Royalty income to be not less than 2 million pounds.
Further ahead, the company said it remains confident in the medium-term growth opportunities across both business segments.
Meanwhile, the expectations for fiscal 2027 are being regulated to reflect timing of conversion of advanced commercial opportunities having a level of uncertainty, and Both Business segments working towards firm contractual commitments on several programmes, which are not yet formalized.
The company plans trading at a profit at Adjusted EBITDA level to provide internal cash generation, enough to fund movements in working capital and further investment in new products.
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