Tracsis (TRCS) 2021 interim results presentation

21st Apr '21 by TamzinPiworld

1 comment 221 reads

Chris Barnes, CEO and newly appointed Andy Kelly, CFO present Tracsis (LON:TRCS) interim results for the six months ended 31 January 2021. Revenue growth in the Rail Technology & Services Division was offset by lower sales in Events and Traffic Data businesses due to CV19. They have a strong cash balance of £20.8m. There are two large multi-year rail opportunities in the final stages of being awarded. Post period end saw the win of a hardware and software contract with a major transit agency in North America. They are starting to see an increase in new business enquiries across the businesses that were hardest hit by Covid.

Video & podcast.

Chris Barnes, CEO
00:16 – Introduction
02:13 – Overview
07:36 – Current Situation & Outlook

Andy Kelly, CFO
13:03 – Financial Highlights

Chris Barnes, CEO
17:13 – Growth Opportunities

Andy Kelly, CFO
28:27 – Looking Forward
32:01 – Outlook

Andy Kelly, CFO & Chris Barnes, CEO
32:54 – Q&A

Chris Barnes, CEO
39:08 – Closing remarks

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Trident

21st Apr '21

Although I registered, I wasn't able to join the presentation. Questions I would have asked.

1. Trainline. There was no mention of this as a competitor for ticketing services that I could hear. It may be that there is a differentiation I am not aware of, but could it leverage its market presence further into Tracsis territory?

2. I understand John MacArthur is still on board the Nutshell subsidiary, which apparently allows speedy development of apps that can integrate data. Seems like a product with broader non train applications. Where does this sit in the organization?

Tracsis (TRCS) 2021 interim results presentation

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TamzinPiworld

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