The latest update is out from Tracsis ( (GB:TRCS) ).
Tracsis, a leading transport technology provider, reported modest revenue growth for the first half of the fiscal year 2025, despite challenges in the UK rail market due to CP7 funding impacts. The company achieved significant contract wins, including a major PAYG Tap Converter system and the first intercity deployment of TRACS Enterprise in the UK. Although the adjusted EBITDA margin decreased due to revenue mix changes and lower profitability in Traffic Data & Events, Tracsis expects stronger performance in the second half of FY25, supported by a robust order book and ongoing strategic initiatives in the UK and North America. The company’s diversification into the North American market and its focus on digital transformation position it well for sustainable growth and value creation for shareholders.
More about Tracsis
Tracsis plc is a technology company specializing in software and hardware products, data capture, and data analytics/GIS services for the rail, traffic data, and wider transport industries. Their offerings are designed to enhance efficiency, reduce costs and risks, improve operational and asset performance, and enhance safety management and decision-making capabilities.
YTD Price Performance: -17.75%
Average Trading Volume: 66,257
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £124.6M
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