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Quartix

February 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • QTX
  • Price:
  • 172p
Ahead of reporting on 3 March, the telematics and fleet tracking subscription business released a positive trading update. The total subscription base increased by 13% to 300,168 across 30,000 clients and within this, subscriber growth in France (+19% to 80.6k) and other European territories (+46% to 33.2k) was especially strong. The UK reported steady subscriber growth of 7% to 156.5k and the US stabilised with 2% growth to 29.9k subscribers (having fallen 5% in FY23) boosted by additions to the US sales team. For the first time in its history, Quartix introduced price indexation on its contracts and reported no noticeable impact on churn. Overall, this price rise together with the subscriber growth translated to £3.5m or 12% gro ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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