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AIM WINNERS & LOSERS: Quartix expects revenue and profit to rise

Mon, 13th Jan 2025 10:48

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

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AIM - WINNERS

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Blue Star Capital PLC, up 40% at 3.5 pence, 12-month range 2.5p-23p. The Crawley, England-based investing company, which is focused on the esports and blockchain industries, reports that Meinhard Benn - through Pinnow, Germany-based Flakenwerder Investment UG - holds an 8.34% stake in Blue Star as of Wednesday, January 8, up from none reported. Benn is a co-founder of Berlin-based cross-border payment provider SatoshiPay GmbH. Blue Star also reports that investor Nicholas Slater on the same date increased his holding to 13.14% from 11.67%.

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Quartix Technologies PLC, up 12% at 170p, 12-month range 140p-197p. The vehicle tracking systems supplier issues a trading statement ahead of publishing its full-year results on March 3. Says it expects to report revenue of GBP32.4 million for 2024, up from GBP29.9 million, and GBP6.0 million in pretax profit, up from GBP5.1 million. Notes that adjusted Ebitda and pretax profit include around GBP500,000 in costs and provisions relating to the operation and liquidation of e-mobility solutions business Konetik Deutschland GmbH, which it acquired in 2023. Konetik was the owner-developer of the software used in Quartix's EVolve product. Quartix says it "finished 2024 on a strong note" which it believes will "lead to a slightly higher level of profit in 2025 than previously estimated".

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AIM - LOSERS

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Eagle Eye Solutions Group PLC, down 23% at 365p, 12-month range 365p-590p. Says group revenue was GBP19.5 million for the six months ended December 31, up 0.4% from GBP24.1 million the year before. Software-as-a-service revenue increased 10% to GBP19.5 million, but Professional Services revenue fell 16% to GBP4.4 million and SMS revenue is down 78% to around GBP300,000. Looking ahead, Eagle Eye expects double-digit SaaS revenue growth. However for financial 2025 and 2026, it expects revenue to be approximately 15% and 18% below current market forecasts, respectively. Says this is mainly due to the significant reduction in Professional Services revenue alongside lengthening sales cycles due to the macroeconomic climate. Company also announces the signing of a five-year global original equipment manufacturer agreement with "a major multinational enterprise software vendor". Features of its AIR platform will be integrated with "the vendor's new cloud-based loyalty solution". Eagle Eye expects to launch this year, and for the first customers to be live in early 2026.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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