Revenues up 36 per cent at Bicester’s Transense Technologies

Transense Technologies, the Bicester-based developer of specialist sensor systems, has reported major growth for the six months ended 31 December 2024.

The firm’s interim results reveal that revenues grew 36 per cent over the period to £2.46 million, while EBITDA remains in line with last year.

It’s been driven largely by a fourfold boost in revenue for SAWsense, its patented surface acoustic wave (SAW) sensor technology, which now has 14 active customers – including major OEMs in engines and robotics.

Nigel Rogers, executive chairman, said: “Transense continues on its upward trajectory with significant revenue growth across all three income streams.

“Trading since the period end has been strong, and the pipeline development across the business, especially in SAWsense, gives us every reason to be confident in the future.

“The planned increase in the cost base in the first half of the year reflects building the foundations for a period of high revenue growth, and with the team largely complete, we can anticipate improving profitability due to the effect of operational gearing in the second half of the year and beyond.”