Quartix is a UK-based telematics firm with growing recurring revenues from fleets in the UK, US and France as well as a driver monitoring system ‘Powered-by-Quartix’, which it sells into the insurance and fleet markets. The group has been investing heavily in building marketing and distribution in the US and France, which has had a negative effect on costs in recent years. Nevertheless, the potential from these markets adds to what we see as Quartix’s “invest for a gen
27 Feb 2018
Fleet business powers 2017 growth
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Fleet business powers 2017 growth
Quartix Technologies PLC (QTX:LON) | 168 0 0.0% | Mkt Cap: 81.1m
- Published:
27 Feb 2018 -
Author:
Anna Bossong -
Pages:
2
Quartix is a UK-based telematics firm with growing recurring revenues from fleets in the UK, US and France as well as a driver monitoring system ‘Powered-by-Quartix’, which it sells into the insurance and fleet markets. The group has been investing heavily in building marketing and distribution in the US and France, which has had a negative effect on costs in recent years. Nevertheless, the potential from these markets adds to what we see as Quartix’s “invest for a gen