Today’s Interims confirm that continued strong growth in new telematics subscriptions (up +26% yoy to a six-month record 32k in the half) helped to deliver solid revenue growth and a good 1H performance, leaving QTX on track to meet our growth expectations for FY22. Those new units deployed in the first half, with attrition remaining stable at low levels for the industry, drove a net +9% growth in the subscriptions base to almost 222k vehicles. With annual price erosion continuing to decline, th ....
27 Jul 2022
Quartix Technologies - Record number of new installs in 1H drives ARR to £26m
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Quartix Technologies - Record number of new installs in 1H drives ARR to £26m
Quartix Technologies PLC (QTX:LON) | 168 0 0.0% | Mkt Cap: 81.1m
- Published:
27 Jul 2022 -
Author:
Michael Hill | Cavendish Research -
Pages:
17
Today’s Interims confirm that continued strong growth in new telematics subscriptions (up +26% yoy to a six-month record 32k in the half) helped to deliver solid revenue growth and a good 1H performance, leaving QTX on track to meet our growth expectations for FY22. Those new units deployed in the first half, with attrition remaining stable at low levels for the industry, drove a net +9% growth in the subscriptions base to almost 222k vehicles. With annual price erosion continuing to decline, th ....