An update from Quartix Holdings ( (GB:QTX) ) is now available.
Quartix Technologies plc reported a strong start to 2025, with significant growth in new subscriptions and customer acquisition, leading to a 21% increase in Annualised Recurring Revenue (ARR) compared to the same period in 2024. The company’s financial performance is improving, with free cash flow expected to be £1.3m, increasing net cash to £4.4m. Quartix is confident in meeting market expectations for the year, despite potential trade challenges, and continues to expand its customer base across multiple regions, with notable growth in Italy and Germany.
More about Quartix Holdings
Quartix Technologies plc is a leading provider of subscription-based vehicle tracking systems, software, and services. The company focuses on delivering solutions that enhance vehicle tracking capabilities for businesses across various markets.
YTD Price Performance: 25.63%
Average Trading Volume: 34,392
Technical Sentiment Signal: Sell
Current Market Cap: £93.47M
For a thorough assessment of QTX stock, go to TipRanks’ Stock Analysis page.