LONDON (ShareCast) - (Sharecast News) - Sensor systems provider Transense Technologies saw second-half revenues continue to improve, it announced on Tuesday, pushing full-year revenues ahead of 2018 in the process.
It was expecting full-year revenues to come to approximately £2.20m, ahead of the £2.05m recorded a year earlier, as subscription income from large mining haul trucks using Translogik's 'iTrack II' tyre monitoring system continued to gather "considerable momentum" and reach approximately £0.98m in the trading year ended 30 June.

The AIM-listed group said overheads had remained "closely controlled", helping the firm turn in a loss for the year that would be better than its previous expectations.

Chief executive Graham Storey said: "We have continued to make good progress with subscription income from iTrack II from both new and existing customers, and consider future prospects to be very positive.

"Revenues from Probe and SAWSense have fallen during the period, however the level of activity remains encouraging."

As of 1050 BST, Transense shares had picked up 0.83% to 61p.

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