REG - Quartix Technologies - AGM Trading Statement

Quartix TechnologiesAnnouncement

31/03/2025 07:15

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RNS Number : 7962C  Quartix Technologies PLC  31 March 2025

Quartix Technologies plc

("Quartix", "the Group" or "the Company")

AGM Trading Statement

Quartix Technologies plc, one of Europe's leading suppliers of vehicle
telematics services and driver analytics, issues the following trading
statement ahead of the Annual General Meeting later today.

As noted at the beginning of the month, Quartix has made a strong start to the
year, with new unit subscriptions approximately 20% higher in the first
quarter than in the same period in 2024. Growth in annualised recurring
revenue and the rate of new customer acquisition are also expected to have
registered significant improvement.

Trading for the first two months of 2025 has been consistent with meeting
market expectations for the year(1).

A trading statement for the first three months of 2025 will be released on the
morning of 7 April 2025 and Andy Walters will present the Group's 2024
financial results together with a Q1 2025 update during the "MelloMonday
Webinar" that evening. Tickets for the webinar are available on the Mello
Events website.

Andy Walters, Executive Chairman of Quartix Technologies plc, commented: "We
have made a strong start to 2025 and the outlook for the rest of the year is
encouraging. We look forward to providing shareholders with a more
comprehensive  update in a week's time"

1 The Board believes that consensus market expectations for 2025, prior to
this announcement, were as follows: Revenue £36.0m, Adjusted EBITDA £7.2m
and free cashflow of £3.5m

 

For further information, please contact:

Quartix (www.quartix.com)

Andy Walters, Executive Chairman
 
          01686 806 663

Sally Morton, Company Secretary

Cavendish Capital Markets Limited (Nominated Adviser and Broker)

Matt Goode / Seamus Fricker / Trisyia Jamaludin (Corporate Finance)
                               020 7220 0500

Tim Redfern / Sunila de Silva (Corporate Broking)

 

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