Strong growth in royalty revenues for the iTrack technology is helping Transense Technologies (LON: TRT) to finance additional investment in developing Surface Acoustic Wave (SAW) technology and products.
In the year to June 2021, revenues increased from £603,000 to £1.77m – iTrack generated £832,000, which is all profit. The launch of a new version of the Translogik tread depth, pressure and temperature probe boosted revenues from £510,000 to £764,000. The SAW business does generate revenue...
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