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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Quartix Technologies Plc | LSE:QTX | London | Ordinary Share | GB00BLZH2C83 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 177.50 | 15,984 | 08:00:20 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 175.00 | 180.00 | 177.50 | 177.50 | 177.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cmp Processing,data Prep Svc | 29.88M | -908k | -0.0188 | -94.41 | 85.9M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:26:13 | O | 4,450 | 177.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/1/2025 | 11:52 | ALNC |  Quartix Technologies shares rise as expects earnings, revenue growth |
| 13/1/2025 | 07:00 | UK RNS | Quartix Technologies PLC Trading Statement |
| 15/10/2024 | 14:33 | ALNC | TRADING UPDATES: Strix lauds "milestone"; Quartix to meet expectations |
| 15/10/2024 | 06:00 | UK RNS | Quartix Technologies PLC Trading Statement |
| 28/8/2024 | 09:58 | UK RNS | Quartix Technologies PLC Director/PDMR Shareholding |
| 29/7/2024 | 11:14 | ALNC | Quartix posts interim revenue hike on rising fleet subscriptions |
| 29/7/2024 | 06:00 | UK RNS | Quartix Technologies PLC Interim Results |
| 08/7/2024 | 09:09 | ALNC | Quartix Technologies expects 8.3% rise in first-half pretax profit |
| 08/7/2024 | 06:00 | UK RNS | Quartix Technologies PLC Trading Statement |
| 15/5/2024 | 17:24 | UK RNS | Quartix Technologies PLC Granting of Options |
Quartix Technologies (QTX) Share Charts1 Year Quartix Technologies Chart |
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1 Month Quartix Technologies Chart |
Intraday Quartix Technologies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/1/2025 | 15:24 | QTX Quartix with charts | 28 |
| 30/7/2024 | 14:03 | QTX - Every 80 seconds a new Quartix system is installed | 40 |
| 30/7/2019 | 14:27 | Quartix Holdings Plc - Vehicle Tracking System UK - Fleet Management UK | 269 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-01-31 16:32:33 | 177.80 | 4,450 | 7,912.10 | O |
| 2025-01-31 16:26:14 | 175.00 | 10 | 17.50 | O |
| 2025-01-31 15:38:17 | 175.20 | 2,000 | 3,504.00 | O |
| Top Posts |
|---|
Posted at 01/2/2025 08:20 by Quartix Technologies Daily Update Quartix Technologies Plc is listed in the Cmp Processing,data Prep Svc sector of the London Stock Exchange with ticker QTX. The last closing price for Quartix Technologies was 177.50p.Quartix Technologies currently has 48,392,178 shares in issue. The market capitalisation of Quartix Technologies is £85,896,116. Quartix Technologies has a price to earnings ratio (PE ratio) of -94.41. This morning QTX shares opened at 177.50p |
Posted at 15/10/2024 06:56 by bamboo2 Financial results for the PeriodThe 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 15/10/2024 06:44 by bamboo2 Quartix Technologies plc, a leading supplier of subscription-based vehicle tracking systems, software and services, is pleased to provide the following trading statement, covering the nine months to 30 September 2024 (the "9m Period").Recurring revenues, pricing and customer base Renewed focus on the Company's core business continued to drive strong growth in its Annualised Recurring Revenue ("ARR"). ARR is the key forward-looking measure of growth and financial performance for the Company. The Company's ARR increased by £3.1m (+11%) in the 12 months from 1 October 2023 to 30 September 2024. ARR growth is measured on a constant currency basis, using the rates applicable at 30 September 2024. During the 9m Period, the Company's ARR grew by £2.7m, an increase of more than 60% on ARR growth achieved for the equivalent period in 2023. (£1.7m) Average revenue per unit ("ARPU") during the 9m Period decreased by 0.1% on a constant currency basis, representing a significant improvement in performance when compared to the same period in 2023, during which we experienced a decrease of 3.4%. The Company has now implemented an appropriate annual price indexation policy and process for future price revisions and will continue to focus on this key metric. Attrition as at 30 September (on a trailing 12 months' basis) was 13.8%, showing a slight improvement on performance at the end of H1 (14.0%). Attrition in the 9m Period has reduced in most territories and it also remains an important area of focus. The key metrics shown below include growth expressed as a % since 1 October 2023, with the exception of the figures given for new subscriptions and new customers, for which the growth shown is for the 9m Period (from 1 January 2024 to 30 September 2024) compared to the same period in 2023. Renewed focus on customer acquisition drove a 29% increase in this measure in the third quarter compared to Q3 2023, and this improvement is expected to continue. |
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 14:03 by bamboo2 Seemingly plenty of demand for shares using dummy trades.Gap filled on both mid-price and last market price based charts. |
Posted at 30/7/2024 07:08 by bamboo2 Post from elsewhereHi 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 2024Quartix 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 08/7/2024 07:55 by bamboo2 Trading StatementQuartix Technologies plc, a leading supplier of subscription-based vehicle tracking systems, software and services, is pleased to announce that it will publish interim results for the six-month period ending 30 June 2024 (the "Period") on Monday 29 July 2024. They will be posted on the Company's website that morning, together with accompanying presentations. Estimates provided in this Trading Statement may be subject to revision following the finalisation of June's trading results and preparation of the Interim Report. Financial results The Board estimates that the Group will report revenue, adjusted EBITDA, pre-tax profit and free cashflow for the Period of £16.0m, £2.6m, £2.6m and £0.9m respectively. The Company's net cash balance at period-end was £2.6m. Estimates for adjusted EBITDA and pre-tax profit are stated after recognition of approximately £0.5m of costs and provisions which are not expected to recur in the second half of 2024. The majority of these relate to operating and liquidation costs for the Konetik Deutschland GmbH subsidiary, which is discussed below. The estimate of free cashflow is also stated after the cost of the 4G upgrade programme in France (approximately £0.4m during the period). The Board is confident of meeting market expectations for the year1, with the potential for revenue to track slightly ahead. Recurring revenues, pricing and customer base The Board is pleased to report that renewed focus on the Company's core business in the Period has led to strong growth in Annualised Recurring Revenue ("ARR"). ARR is the key forward-looking measure of growth and financial performance for the Company. The Company's ARR increased by £3.01m (+11%) in the 12 months from 1 July 2023 to 30 June 2024 and two thirds of this increase (£2.04m) was achieved during the Period. ARR growth is measured on a constant currency basis. Average revenue per unit subscription (average pricing) increased by 1% during the Period, as inflationary price adjustment across the base offset the effects of price erosion in some areas. Although attrition across the Company rose slightly to 14% the rise was attributable mainly to two factors: the termination of a very large UK contract, installed in 2022, which had a fixed term of 2 years and which was not expected to renew; and organisational issues in the USA which are discussed below. The Board is not aware of any other large fixed-term contracts in the base and is addressing the issues in the USA. Market performance UK Renewed focus on the Company's core business - following the termination of the Evolve product line - led to 17% growth in new subscriptions and a 7% increase in the subscription base on a trailing-12-months ("TTM") basis. Notable successes were achieved in medium-sized fleets where the Company's reputation for strong customer service played a significant role. A return to growth in the customer base, albeit at a modest level, was delivered in the period and strong emphasis is now being placed on increasing growth in customer acquisition rates. France The subscription and customer bases grew by 22% and 14% respectively on a TTM basis. Customer acquisition rates increased by 4% compared with the prior period. New subscriptions were, however, flat on the same period last year but 14% ahead of the second half of 2023, and good progress is now being made through all channels USA Performance in the USA has continued to be adversely affected by organisational and strategic changes made during 2022 and 2023. As a consequence, progress in ARR reduced growth from +$0.5m in 2021 to a deficit of -$0.2m in 2023. Recruitment is underway to support the US business, return the subscription and customer bases to growth and to increase revenue growth rates. Enquiry levels are running at a strong level and customer acquisition rates started to improve before the end of the Period. Italy, Spain and Germany Strong growth was recorded on all key performance measures in each of these countries. New customer acquisition rates in Italy were particularly strong, as was growth in new installations in Germany. All three countries offer substantial opportunities for business development and further investment is planned for the second half. Konetik Deutschland GmbH ("Konetik") Quartix acquired Konetik in September 2023 for a consideration of up to €3.9m. Konetik was a company specialising in consultancy services for fleets making the transition to electric vehicles. Konetik had substantial operating costs but insignificant revenues and the growth anticipated at the time of acquisition was not delivered in the initial period post-acquisition. As noted in March, and having exhausted all other options including returning the business to its former owners at nil cost, the Board decided to liquidate Konetik and its Hungarian branch subsidiary. We can now report that the liquidation is well underway, with all employment agreements, save for that for the administrative managing director, terminated and settled. Termination notices to Konetik's two external customers were given in February and its limited trading activities have ceased. Operating costs of £0.28m for Konetik were recorded in the Period, and a further provision of £0.15m will be included in the Interim results for final costs. A further payment of approximately £0.2m will be due in September under the terms of the acquisition agreement. Andy Walters, Executive Chairman of Quartix, commented: "It is extremely pleasing to have recorded strong growth in the value of our subscription base over the past 12 months. Annualised recurring revenues have increased by just over £3m since July 2023 and two thirds of that increase was achieved in the first half of 2024. Double-digit percentage growth was also achieved in new vehicle subscriptions, the vehicle subscription base and customer acquisition rates. The customer base grew by 9% over the past year and we expect to improve this further as we continue to focus on customer acquisition with businesses in the SME category. We have now put the issues of 2023 behind us and, despite incurring more than £0.5m of cost associated with those in the first half, we expect to record approximately £2.6m of pre-tax profit in our interim results. 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 last September, and we look forward to the future with confidence." 1Note: 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 12/6/2024 08:13 by bamboo2 The current chart is showing the classic Stiletto pattern.Price needs eod close above the highest point in the pattern approx 186 to break out. |
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