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Revenues up 10 per cent for FY23 at Bicester’s Transense Technologies

The Business Magazine article image for: Revenues up 10 per cent for FY23 at Bicester’s Transense Technologies
20 February 2024

Transense Technologies, a Bicester-based provider of specialist sensor technology and measurement systems, has reported revenues of £1.81 million for the year ended 31st December 2023 – up 10 per cent on the previous year.

The firm’s EBITDA has also more than doubled to £0.74 million thanks to the success of both its Translogik tyre inspection tools and SAWsense, which measures the torque, temperature, force, and pressure of moving components.

Over the past year, Transense has engaged with tyre manufacturers, maintenance management software providers and UK-based fleet groups to create new sales channels for Translogik, following a number of successful product demonstrations.

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Meanwhile, SAWsense has seen a record number of high-quality customers and been put to use in eight active development programmes – including four in aerospace, two in automotive edrives, and one in robotics.

Nigel Rogers, executive chairman of Transense, said: “The company has continued to make progress in the Period, increasing revenue by 10 per cent and net profit before taxation by 146 per cent.

“The board considers it appropriate to proceed with planned increases in overhead in the second half of the year to ensure that the generation and delivery of planned revenue growth is properly resourced.

“Pipeline activity across both Translogik and SAWsense provides confidence that this is deliverable in coming months.

“While it is appropriate to manage a modest reduction in short term profit expectations due to the carryover of this investment cost into the following financial year, the board believes the company is increasingly well positioned to deliver medium and long term growth.”

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Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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