Trakm8 Holdings PLC - telematics and data insight provider - Improving trend in revenue continued in recent months, with new orders for current financial year 9% higher than year before and July and August revenue each only 7% below prior year. Losses continue to be significantly below prior financial year. Revenue in first five months of financial year beginning April 2020 15% lower year-on-year. Overall connections up 1% at 248,000 since the start of the year. Interim revenue set to be 18% lower than last year but gross margin percentage to be 8 points higher with overheads down 30%. "As a result the half year adjusted loss is expected to be 75% lower than the prior year, and the unadjusted profit before tax to be 55% down year on year." Net debt at half-year end to be GBP5.4 million to GBP5.9 million versus GBP5.6 million year before. No full year guidance yet but said "the second half of the year will benefit from the resumption of a more normal level of Fleet activity and a significant increase in the Insurance shipments."
Current stock price: 18.10 pence
Year-to-date change: down 21%
By Anna Farley; email@example.com
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