Quartix Holdings (AIM:QTX) – truly excellent results and a cracking start in the US
The leading supplier of subscription-based vehicle tracking systems, software and services has reported excellent interim results for the half year ended 30 June 2015 with strong growth in both the fleet and insurance sectors. The positive start in the new US territory bodes well. What’s not to like about this great little business!
Quartix was founded in 2001 and arrived on AIM in November 2014. The Group provides an integrated tracking and telematics data analysis solution for fleets of commercial vehicles and “pay as you drive” motor insurance providers that is designed to improve productivity and lower costs by capturing, analysing and reporting vehicle and driver data. For the 6 months ending 30th June 2015 overall Group revenues increased 24% to £9.2m with revenues in the core fleet sector up by 17% to £6.2m and sales to insurance based customers up a whopping 43% to £3.0m. The Group installed 36,171 new tracking systems…