Trakm8 Holdings (AIM:TRAK) – great results and another upgrade
The popular AIM quoted telematics and data provider has announced fantastic results for the six months ending 30 September 2015 bringing out more upgrades from the house broker.
The headline numbers make good reading with revenue up 38% to £11.7m, including like for like revenues up 30% and recurring revenues up by 65%, and the famous/infamous ‘adjusted EBITDA’ multiple up 70% to £1.9m. Adjusted profit before tax was up 89% to £1.48m and adjusted eps was up similarly to 5.08p In June 2015, the Group acquired the business and assets of DCS Systems Ltd, who specialise in the design and distribution of camera systems for the automotive, bicycle and security markets. So results include 3 months contribution from DCS. The installed base of devices reporting to the Group’s…