Quartix Holdings (GB:QTX) has released an update.
Quartix Technologies PLC reports an 11% increase in Annualised Recurring Revenue (ARR) and a 60% increase in ARR growth for the nine months to September 2024, compared to the same period in 2023. The company has also seen improvements in customer acquisition and subscription base across various regions, particularly in Italy, Spain, and Germany, with strong prospects for further investment and growth. Despite a slight decrease in average revenue per unit, Quartix is confident in meeting its annual profit and free cash flow expectations, with a robust net cash balance after strategic payments and investments.
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