T42 Iot Track. Share News (TRAC)

IN BRIEF: t42 IoT Tracking shares fall as interim loss widens

t42 IoT Tracking Solutions PLC - provides tracking, security, and monitoring solutions for the global supply chain, logistics, container, and freight market - Reports a total comprehensive loss of USD754,000 in the first half of 2023, widened from USD222,000 the year prior. Revenue in the half drops to USD1.7 million from USD2.2 million due to continued supply chain issues and supplier requirements for upfront payments. Explains the requirement for upfront payments impacted its ability to complete many orders in the first half of the year. Hopes orders will be fulfilled in the second half of the year. Adds anticipated orders give it the confidence that the result in the second half will show a "significant" improvement against the previous year.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: FTSE 100 tips into red as UK economy shrinks

(Alliance News) - The FTSE 100 dipped into the red at the close on Wednesday, weighed down by news that the UK economy shrank more than expected in July, just one week before the Bank of England's next interest rate decision.

t42 IoT Tracking Solutions shares drop as OpenBox contract disappoints

(Alliance News) - t42 IoT Tracking Solutions PLC shares sunk on Wednesday after it announced that its five-year distribution and sales contract with OpenBox Venture Inc has, to date, not produced any orders.

AIM WINNERS & LOSERS: IOG down on "challenging" financial position

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

TRADING UPDATES: Van Elle profit rises; Costain financing pact

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

T42 strikes deal to develop refrigerated air cargo product

(Sharecast News) - Tracking technology specialist t42 announced its expansion into the refrigerated air cargo supply chain on Monday.

t42 to collaborate with cold chain container firm on tracking system

(Alliance News) - t42 IoT Tracking Solutions PLC on Monday said it is expanding into refrigerator air cargo supply through a collaboration with a leading refrigerated container manufacturer.

IN BRIEF: t42 receives USD240,000 order for delivering Tetis units

t42 IoT Tracking Solutions PLC - Jersey-based real-time tracking, security, and monitoring solutions provider - Receives GBP240,000 order of Tetis units from an unnamed international company which provides supply chain visibility and cargo monitoring as a complete service. Expects delivery to be during the third quarter of 2023. t42 says it has established a successful business collaboration with the client over the past few years, culminating in this initial order.

TRADING UPDATES: All Things Considered raises funds to buy Sandbag

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:

TRADING UPDATES: Lookers buys Waterhouse; CT Automotive audit ongoing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: t42 IoT Tracking Solutions wins addition order in US

t42 IoT Tracking Solutions PLC - Jersey-based real-time tracking, security, and monitoring solutions provider - Receives an additional order of 2,500 Tetis units, from a US-based client, on top of the order of 1,000 units that was announced in January. t42 did not disclose financial details of the order. The agreement provides for monthly payments over a 36-month period, in order to cover both device and data costs.

T42 progresses transition to lease-based contracts

(Sharecast News) - Shipping container tracking technology specialist T42 IoT Tracking Solutions said in an update on Thursday that, despite global supply chain issues and ongoing business recovery from the Covid-19 pandemic, its total revenues for 2022 were set to total around $4m.

IN BRIEF: t42 IoT eyes full year revenue to drop; positive outlook

t42 IoT Tracking Solutions PLC - Jersey-based real-time tracking, security, and monitoring solutions provider - Expects to report revenue of about USD4.0 million for 2022, including about USD2.0 million of [software-as-a-service] income representing about 50% of the total, compared with 51% in 2021. In 2021, revenue was USD4.2 million. Says the result was achieved amid global supply chain issues and continued recovery from the Covid pandemic. Looking ahead, t42 loT says initial orders from clients in the US, South America and Israel have been received, which indicate a positive outlook for 2023.

t42 IoT Tracking Solutions hails US expansion on cargo-tracking order

(Alliance News) - t42 IoT Tracking Solutions PLC on Wednesday assured investors of a promising start to the year, after securing its first order of Tetis units from a US-based client.