Transense Technologies PLC said its normalized net income for the fiscal first half ended Dec. 31, 2015, was 15 Great British pence per share, compared with a loss of 12 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £1.3 million, compared with a loss of £723,750 in the prior-year period.

Total revenue grew on an annual basis to £3.8 million from £777,000, and total operating expenses fell 14.7% on an annual basis to £1.7 million from £2.0 million.

Reported net income came to £2.1 million, or 24 pence per share, compared to a loss of £1.2 million, or a loss of 20 pence per share, in the prior-year period.