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Quartix Technologies – “pleased to announce” results, but should it be?...

Previously writing on vehicle telematics company Quartix Technologies (QTX), in October with the shares at 450p I concluded that the cash flow and growth of the recurring revenue of the fleet subscription base saw me retain scepticism of the valuation. So what now following 2021 results emphasising “Strong fleet subscription base growth in all regions and planned acceleration of growth” and with the shares at 385p?...

EPIC QTX
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Quartix Technologies – “pleased to report… in line”, but is that sufficient for the valuation?

Vehicle tracking technologies company Quartix (QTX) “is pleased to confirm” that Richard Lilwall has commenced as CEO, with retiring founder CEO Andy Walters remaining on the board as a non-executive and that “the annualised recurring revenue of the fleet subscription base was £23.5m on 1 October, representing a gain, in constant currency terms, of £1.5m since the start of the year”. What though of the shares, down from around 490p when I previously wrote on the company to currently 450p?...

EPIC QTX
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Quartix – “pleased with the progress we have made so far in 2020”… but value?...

Vehicle tracking systems company Quartix (QTX) has updated including “we are pleased with the progress we have made so far in 2020, despite the impact of COVID-19 on our clients and markets. Our subscription base grew in each of our markets and now stands at more than 167,000 vehicles with recurring revenues of just under £22m” – and the shares have currently responded up to 340p...

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