Connexion Telematics Reports Modest Revenue Growth Amid Challenges

Connexion Telematics Limited (AU:CXZ) has released an update.

Connexion Telematics Limited, through its SaaS platforms OnTRAC and Connexion, reported a 2% increase in Q1 revenue to $2.65 million, despite a drop in gross profit and net profit before tax. The company is focused on long-term shareholder value, emphasizing product development and customer relationship expansion. Notable developments include growth in marketplace subscriptions and a collaboration with Isuzu Finance North America.

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