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QTX Quartix Technologies Plc

162.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Quartix Technologies Plc QTX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 162.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
162.50 162.50 162.50 162.50
more quote information »
Industry Sector
TECHNOLOGY HARDWARE & EQUIPMENT

Quartix Technologies QTX Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
29/07/2024InterimGBP0.01529/08/202430/08/202430/09/2024
04/03/2024FinalGBP0.01528/03/202402/04/202429/04/2024
31/07/2023InterimGBP0.01510/08/202311/08/202306/10/2023
27/02/2023FinalGBP0.024530/03/202331/03/202328/04/2023
27/02/2023SpecialGBP0.038530/03/202331/03/202328/04/2023
27/07/2022InterimGBP0.01511/08/202212/08/202209/09/2022
28/02/2022FinalGBP0.01931/03/202201/04/202229/04/2022
28/02/2022SpecialGBP0.05131/03/202201/04/202229/04/2022
28/07/2021InterimGBP0.01512/08/202113/08/202110/09/2021
01/03/2021FinalGBP0.02401/04/202106/04/202130/04/2021
01/03/2021FinalGBP0.02431/03/202101/04/202130/04/2021
28/07/2020InterimGBP0.02513/08/202014/08/202011/09/2020
28/07/2020SpecialGBP0.008713/08/202014/08/202011/09/2020

Top Dividend Posts

Top Posts
Posted at 15/10/2024 06:56 by bamboo2
Financial results for the Period

The Board is confident of meeting market expectations for the year [1] for both profit and free cashflow. The Company's net cash balance at period-end (30 September 2024) was £2.3m, following payment of an Interim Dividend of 1.5p per share and the final contracted purchase payment to shareholders of Konetik Deutschland GmbH ("Konetik"); both of which were made during September. Liquidation of Konetik is now largely complete, and anticipated costs of closure were provided for in the Company's Interim Results. The anticipated divergence between free cashflow and EBITDA in 2024 is a result of the Company's committed programme of equipment upgrades in France and the investment in growth in the subscription base.

More than 40% of the Company's revenue is derived from the EU and USA, and continuing growth in the strength of the pound has therefore had a marginal impact on the Board's previous estimates of revenue for the year. This, as noted above, is not expected to affect profit or cash generation.

Andy Walters, Executive Chairman of Quartix, commented:

"The rate of growth in the Company's recurring revenues, customer base and new subscriptions over the period is very pleasing. I am immensely grateful to all my colleagues and the management team at Quartix who have so successfully refocused the company on its core business activity since my return to the Board a year ago, and we look forward to the future with confidence."

[1]Note: the Company believes that, prior to this announcement, market expectations for 2024 performance in terms of revenue, adjusted EBITDA and unadjusted free cashflow were £32.9m, £5.8m and £2.1m respectively.
Posted at 01/10/2024 09:11 by bamboo2
Hi simon, thanks for the info.

I can find document on Researchtree and Zeus, but it's not letting me access, even though it says it's open research. Have you manged to access? If so, has it anything good to say about QTX? [Lol!]
Posted at 01/10/2024 08:39 by simon gordon
Hi Bamboo,

Just to let you know Zeus has a 46 page note out this morning judging SAAS and QTX.

"Telematics and fleet management: Microlise vs. Quartix Technologies"
Posted at 07/8/2024 14:59 by apad
Scott and Hill have both been complimentary about the latest from QTX.
It is interesting to me that bamboo2's graphic analysis and my fundamentals agreed so well.
The rns wasn't news. It had already been flagged, but the rns was necessary to confirm it before the market could react.
It was a superbly managed company before the founder stepped down. 😊
apad
Posted at 30/7/2024 07:08 by bamboo2
Post from elsewhere

Hi Apad, re QTX

A good result. What's interesting for me is that the breakout was spot on 65% of the length of the descending triangulation. This is the upper end of the 63-65% range calculated by Bulkowski. His averages are calculated from at least 1,300 similar chart patterns.

The 140 support has held.
The gap down from 6/10/2023 still requires a small increase in the share price [from eod close 193 to 200] for a complete fill.
The eod close above 186 confirms a double bottom with a target price of 220.

Anticipate imminent gap fill.
There may be a test of the db breakout.
Posted at 29/7/2024 06:16 by bamboo2
29 July 2024

Quartix Technologies plc

("Quartix", "the Group" or "the Company")

Interim Results

Quartix Technologies plc (AIM:QTX), a leading supplier of subscription-based vehicle tracking systems, analytical software and services, is pleased to announce its unaudited results for the half year ended 30 June 2024.

Financial highlights:

· Group revenue increased by 10% to £16.1m (2023: £14.6m)

o Fleet revenue increased by 10% to £16.0m (2023: £14.5m)

o Fleet revenue represented 99.3% of total revenue (2022: 98.9%)

· Adjusted EBITDA1 remained constant at £2.7m (2023: £2.7m)

· Operating profit increased by 13% to £2.7m (2023: £2.4m)

· Profit before tax increased by 13% to £2.7m (2023: £2.4m)

· Diluted earnings per share of 4.49p (2023: 4.16p)

· Free cash flow2 decreased by 21% to £1.1m (2023: £1.4m)

· Interim dividend of 1.50p per share proposed (2023: 1.50p)

1 Earnings before interest, tax, depreciation, amortization and share based payment expense (see note 4)

2 Cash flow from operations after tax and investing activities

Principal activities and performance measures

The Group's main strategic objective is to grow its subscription base profitably and develop the associated annualised recurring revenue.

Annualised recurring revenue has increased by 11% year on year (see definition in KPI table below). Annualised recurring revenue is a forward-looking key performance measure, and it is pleasing that it grew by £3.04m on a constant exchange rate to £30.94m at 30 June 2024, compared to 30 June 2023.

Andrew Walters, Executive Chairman of Quartix, commented:

"The Company made very substantial progress in the first half of the year: new subscriptions increased by 13% compared to 2023 and this led to record growth in annualised recurring revenues ("ARR"), which increased by 11% to £30.9m over the past year. Two thirds of this increase in ARR was achieved since January 1st.

Remaining operating and liquidation costs associated with the Konetik acquisition were all taken in the first half and other administrative and operating costs have been controlled well during the period. The issues faced by the Company in 2023 have now been put behind it, enabling it to refocus strongly on its core business and to structure for further growth.

The Board is confident in the outlook for the remainder of the year and now believes that both revenue and profit will moderately exceed market expectations*. The Company looks forward to 2025 and the future with confidence."

*Note: the Company believes that, prior to this announcement, market expectations for 2024 performance in terms of revenue, adjusted EBITDA and unadjusted free cashflow were £32.1m, £5.4m and £1.5m respectively.
Posted at 29/12/2023 14:57 by sharesoc
Join us at the ShareSoc Growth Company #Seminar in London on 28/02/24. Companies presenting: Quartix Technologies plc (QTX), Itaconix PLC (ITX) and Eden Research PLC (EDEN). Register here: [...]
Posted at 29/1/2023 17:36 by tmfmayn
[SharePad] Screening For My Next Long-Term Winner: QUARTIX #QTX

Quartix’s vehicle-tracking services have delivered consistently lucrative financial returns, with new customers and good-value staff counterbalancing pricing pressures and rising costs:
Posted at 24/3/2021 07:34 by thelongandtheshortandthetall
Hi mate.
QTX is undoubtedly a small 'gem' par excellence.
But on a risk reward ratio, temporarily maybe, I feel I can get a better return else where.
I'll use this elevated price in QTX to buy something else that's a bit cheaper.

Fun and games :)
Posted at 24/3/2021 07:16 by apad
There have been a couple of times in the past when QTX has bounced up well over the moving averages, followed by a long decline.
Valuations of companies hit by 'temporary' problems (FEVR as well) can look very high.
Your strategy may well be a good one, tlst.
With small 'gems' my style is more to let them run and may be pick up a few more when the price is listless because they are hard enough to find.
apad