Trakm8 Hldgs Share News (TRAK)

UK shareholder meetings calendar - next 7 days

CORRECT: Trakm8 posts revenue dive as laments insurance market

(Clarifies that Trakm8 expects overhead cuts.)

Trakm8 posts revenue dive on heavy impact by insurance capacity market

(Alliance News) - Trakm8 Holdings PLC on Monday said it expects further job cuts amid a move to a second data centre, as it reported a fall in revenue due to a slow recovery in the insurance market.

LONDON MARKET MIDDAY: Stocks rise but BoE cut hopes temper pound

(Alliance News) - Equities in London traded higher heading into Monday afternoon, while the pound struggled, amid the growing conviction that the Bank of England will cut rates this week.

AIM WINNERS & LOSERS: Trakm8 falls as warns on insurance market

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

IN BRIEF: Trakm8 "delighted" as extends Drvn contract to 2026

Trakm8 Holdings PLC - Dorset, England-based global telematics and data insight provider - Inks a contract extension with Drvn Solutions. "Under this contract extension Trakm8 will provide distribution services into the UK in addition to the existing device and data provision. Going forward, whilst there is no commitment in terms of unit numbers, any units will be supplied with Tram8's ConnectedCare vehicle data solution," its says. Contract extended to August 2026.

AIM WINNERS & LOSERS: Beowulf hails Sweden win; Trakm8 pens new deal

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

Trakm8 rises on new contract win and extension with Iceland Foods

(Alliance News) - Trakm8 Holdings PLC shares jumped on Tuesday, after it announced a new contract win and extension with Iceland Foods Ltd.

TRADING UPDATES: Sutton Harbour refutes Plymouth City Council claims

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

Trakm8 shares slide as it lowers expectations

(Sharecast News) - Shares in fleet management, insurance telematics and connected vehicle technology specialist Trakm8 were sliding on Friday, after it warned that the conclusion of a large contract deal would slip into next financial year.

IN BRIEF: Trakm8 shares plummet on profit warning

Trakm8 Holdings PLC - Dorset, England-based global telematics and data insight provider - For financial 2024, Trakm8 now believes turnover will be GBP16.4 million, resulting in an adjusted pretax loss of GBP1.4 million. In financial 2023, revenue came in at GBP20.2 million and adjusted pretax profit of GBP1.2 million. "While the combination of the delay in securing the contract and the weaker-than expected trading during February and March 2024 is disappointing, discussions in relation to the contract are ongoing. While there can be no certainty as to the conclusion of these discussions, the group expects to benefit from any revenues generated from this potential contract in the financial year ending 31 March 2025," Trakm8 says.

AIM WINNERS & LOSERS: Trakm8 falls on profit warning

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

Trakm8 swings to profit on lower costs; on track to meet expectations

(Alliance News) - Trakm8 Holdings PLC on Friday said it swung to a profit in its first half and expects to meet market expectations.

Trakm8 swings to first-half profit despite weaker revenue

(Sharecast News) - Telematics and data insight specialist Trakm8 reported total first-half revenue of £8.54m on Friday, slightly down from the £9.01m it achieved in the same timeframe last year.

UK earnings, trading statements calendar - next 7 days