Transense Technologies (LON: TRT) shares continued to fall in price after the recent results. This is a reaction to the strategy of building up overheads ahead of growth, which has hit medium-term profit levels.
Interim figures show revenues 36% ahead at £2.46m, although pre-tax profit was 13% lower at £550,000. Hiring is going on to build up the business to cope with further growth and this is holding back profit, so that it is below previous expectations.
All parts of the business are growing their income. Royalties from iTrack rose by 26% to £1.56m. There was more modest growth for T...
