Previously writing on vehicle telematics company Quartix Technologies (QTX), in October with the shares at 450p I concluded that the cash flow and growth of the recurring revenue of the fleet subscription base saw me retain scepticism of the valuation. So what now following 2021 results emphasising “Strong fleet subscription base growth in all regions and planned acceleration of growth” and with the shares at 385p?...
Vehicle tracking technologies company Quartix (QTX) “is pleased to confirm” that Richard Lilwall has commenced as CEO, with retiring founder CEO Andy Walters remaining on the board as a non-executive and that “the annualised recurring revenue of the fleet subscription base was £23.5m on 1 October, representing a gain, in constant currency terms, of £1.5m since the start of the year”. What though of the shares, down from around 490p when I previously wrote on the company to currently 450p?...
Previously writing on vehicle tracking technologies company Quartix (QTX), in March with the shares at 476p I questioned is the progress ‘pleasing’?. What about now, with a half-year trading update?...
Previously writing on vehicle telematics company Quartix (QTX), in October with the shares at 340p, I noted it “pleased with the progress we have made so far in 2020” but questioned value. Today it “is pleased to announce its audited results for the year ended 31 December 2020”. So what’s the outlook now?...