Trakm8 Holdings (GB:TRAK) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Trakm8 Holdings reported a modest drop in revenue for the first half of 2024, affected by reduced sales in its Insurance and Automotive segments. Despite this, the company saw improved gross margins due to strong software sales and extended contracts with major clients like Iceland and Sainsbury’s. Looking ahead, Trakm8 anticipates challenges in the Insurance market but expects its Fleet and Optimisation business to perform well.
For further insights into GB:TRAK stock, check out TipRanks’ Stock Analysis page.
