T42 IoT Tracking H1 revenue rises 51% on Lokies smart lock demand
T42 IoT Tracking H1 revenue rises 51% on Lokies smart lock demand
Overview
Israel supply chain IoT firm's H1 2026 revenue rose 51% yr/yr on higher Lokies demand
Company reported H1 2026 net loss and operating loss despite revenue growth
Working capital deficit narrowed and convertible loan notes reduced by one-third
Outlook
Company says it enters H2 2026 with strong momentum and growing global demand
Company expects to launch new Lokies software and enter consumer market in H2 2026
Next-generation Lokies product scheduled for launch in H2 2027
Result Drivers
LOKIES DEMAND - Revenue growth was mainly attributed to increased demand for Lokies smart lock, per company statement
HARDWARE SALES - Hardware sales more than doubled yr/yr, laying foundation for ongoing SaaS subscription income, per chairman
R&D INVESTMENT - Increased investment in R&D strengthened technological edge, per company
Company press release: ID:nRSd8622Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $3.47 mln |
|
H1 Loss Per Share |
| $0.01 |
|
H1 Net Loss |
| $888,000 |
|
H1 EBIT |
| -$458,000 |
|
H1 Gross Profit |
| $1.21 mln |
|
Analyst Coverage
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)