Full Year 2024 Transense Technologies PLC Earnings Call Transcript
Key Points
- Transense Technologies PLC (LSE:TRT) reported an 18% year-on-year increase in revenues, reaching nearly GBP 4.2 million.
- Profit before tax rose by 20%, surpassing GBP 1.3 million.
- The company achieved a 30% growth in royalty revenue from its iTrack business, with a compound annual growth rate of over 40% since 2020.
- Translogik business saw a 9% increase in revenue, and SAWsense experienced a nearly five-fold increase in the second half of FY24.
- The company has expanded its customer base, including new key accounts like Hankook and partnerships with major companies such as Airbus and Protean.
- SAWsense revenue fell by 8% year-on-year, despite the strong second-half performance.
- The company faces challenges in scaling up production capacity and supply chain readiness, requiring significant capital investment.
- The iTrack royalty rate is set to decrease in FY26 and again in FY28, potentially impacting future revenue streams.
- The integration of new non-executive directors and the retirement of long-serving board members may pose transitional challenges.
- Economic uncertainties and market dynamics, such as currency fluctuations, could affect financial performance and projections.
Good afternoon, and welcome to the Transense Technologies plc Final Results Investor Presentation.
(Operator Instructions) Before we begin I would like to submit the following poll. And I would now like to hand you over to Executive Chairman, Nigel Rogers. Good afternoon to you.
Thank you very much, Alex, and welcome, everybody. Those who've seen these presentations before will know I'm Nigel Rogers, the Executive Chairman of the company. And alongside me, I have Ryan Maughan, who's the Managing Director; and Melvyn Segal, who's the Chief Financial Officer. We're gonna be splitting the presentation between us. I'll do a bit of an introduction, then Melvyn will run through the financial highlights, and then Ryan will do a more in-depth look at both Translogik and SAWsense, our two operating businesses.
Alex, if you'd like to -- thank you. Just take the cameras off and we'll go into presentation mode. There'll be plenty of time at the end for Q&A, and we'll have cameras back on
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