Pressure and temperature monitoring equipment supplier Transense Technologies says that iTrack subscriptions are 40% ahead year-on-year.
Group interim revenues will be in line with last year, but overheads have increased so the interim loss will be higher.
The second half should be stronger with revenues expected to increase from £2.2m to £4m. That will enable a reduction in loss. This depends on iTrack subscriptions continuing to grow, helped by the deal with Bridgestone. Trials are being undertaken and these will need to turn into new subscriptions to achieve the target.
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