RNS Number: 6019 O Quartix Holdings PLC 02 June 2020 Quartix Holdings plc. Quartix Holdings plc, one of Europe's leading suppliers of subscription-based vehicle tracking systems, software and services, issues a further update and trading statement, as promised in its statement of 27 April.. The Company's cash balance was £9.5 m at 1 June..
Quartix Holdings Plc #QTX announced, in its trading update, that trading for the first three-month period to 31 March 2020 was strong, and consistent with meeting market expectations for the year. Total new installations for the Group during Q1 grew by 11% to 11,744, versus 10,593 in 2019. New installations in the UK reduced by 2% to 6,409, in France they grew by 19% to 2231 and the USA by 11% to 2,403. New territories (Italy, Spain, Poland and Germany) accounted for 701 installations. Following the introduction of the lockdown arrangements in the UK, which started on 23 March, Quartix experienced an 80% reduction in installation capacity as many sub-contractors decided to stay at home. As previously announced, Quartix took very early action to move to remote working to protect its employees and is pleased to note that this is working efficiently. The Board's recommendation that shareholders reject the resolution for the payment of a dividend at the AGM was supported and the Company therefore has continued to build its cash reserves. Net cash at 31 March was £8.5 million. The Board believes that the COVID-19 pandemic is unlikely to have a material impact on profit and cashflow in the first half of 2020, although there is likely to be some reduction in revenue compared to its previous expectations. Quartix will provide a further update for shareholders at the end of May.
As noted in the Company's AGM trading statement of 24 March, growth in new installations was particularly strong in the first two months of the year but slowed considerably during March, with the effect most marked in the UK. New installations in the UK reduced by 2% to 6,409, in France they grew by 19% to 2231 and the USA by 11% to 2,403. New territories accounted...
Quartix Holdings plc, one of Europe's leading suppliers of subscription-based vehicle tracking systems, software and services, has been informed of transfer of ordinary shares of 0.1 p each in Quartix Holdings plc by a PDMR.. To effect the transfer 28,771 shares were sold at 232.50 pence, 28,771 shares were repurchased at 240.1 pence and 942 shares were...
RNS Number: 5812 H Quartix Holdings PLC 25 March 2020 Quartix Holdings plc. Result of Annual General Meeting. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3966 H Quartix Holdings PLC 24 March 2020 Quartix Holdings plc. Quartix Holdings plc, a leading supplier of vehicle telematics services to the fleet and insurance sectors, announces that it has issued 16,280 new ordinary shares in the Company following the exercise of 16,280 options to subscribe for new ordinary shares in the Company at a price of 1...
Quartix Holdings plc, one of Europe's leading suppliers of subscription-based vehicle tracking systems, software and services, issues the following trading statement ahead of its Annual General Meeting later today.. Management estimates that growth in installations completed will reduce to 12% by the end of the first quarter leaving up to 1,500...
Quartix Holdings Plc #QTX announced that the Board has decided to recommend that shareholders reject resolution 2, to be proposed at its forthcoming AGM on 24 March 2020, which is the resolution proposing the approval of the company's total final dividend of 10.00p per share, and which was declared at the time of announcing its 2019 results.
RNS Number: 7141 G Quartix Holdings PLC 19 March 2020 Quartix Holdings PLC. Those employees who continue at the main facility in Wales are now in a single-floor office which is at 10% of its capacity and with substantial space between them.. Production shipments from China have continued without problems so far and the Company believes that its final assembly...
RNS Number: 4870 F Quartix Holdings PLC 09 March 2020 Quartix Holdings plc. Quartix Holdings plc, a leading supplier of vehicle telematics services to the fleet and insurance sectors, has been notified that Peter Brown, a PDMR of the Company, transferred 50,000 ordinary shares of 1 pence each to his wife. RNS is approved by the Financial Conduct Authority to act as a...
Quartix Holdings Plc #QTX announced, in its audited results for the year ended 31 December 2019, that revenues dropped to £25.6 million from £25.7 million recorded in the previous year. Profit after tax narrowed to £5.4 million from £7.0 million. The board is recommending a final ordinary dividend of 4.2p per share, together with a supplementary dividend of 5.8p per share, giving a final pay out of 10.0p per share and a total dividend for the year of 12.4p per share.
•Group revenue decreased by 0.3% to £25.6 m. o Fleet revenue grew by 11.0% to £20.8 m. o Insurance revenue decreased by 30.8% to £4.8 m.
Management's current estimates for revenue and free cash flow are £25.6 m and £5.9 m respectively. Management's current estimate for adjusted EBITDA is £7.0 m; following a previously referenced review of the Group's commission structures, this figure includes an expected uplift of £0.3 m in respect of an accounting policy change under IFRS15 Revenue...
RNS Number: 7750 Q Quartix Holdings PLC 23 October 2019 23 October 2019. Quartix Holdings plc, a leading international supplier of subscription-based vehicle tracking systems, software and services, is pleased to announce that Laura Seffino has been appointed as Chief Technology Officer and to the Board of the Company. Laura has Bachelor's and Master's...
Quartix (QTX) reported a 3 per cent decline in group revenue to £12.5m during the six months to June, as a 11 per cent increase in fleet revenue to £10.1m was offset by a 35 per cent decline in insurance revenue to £2.5m. Free cash flow increased by 12 per cent to £3.2m, while the net cash balance improved from £4.9m to £5.1m. Shares fell 3 per cent in early trading, but the progress I the fleet business is encouraging. Buy.
Quartix Holdings Plc (QTX.L) Announced, in its interim results for the six months ended 30 June 2019, that revenues rose to £12.6 million from £12.9 million reported in the same period last year. The company’s profit before tax stood at £3.2 million compared to a profit of £3.9 million reported in the previous year. The basic earnings per share stood at 5.67p compared to earnings of 6.89p in the previous year. The company’s board declared an interim dividend of 2.4p per share, payable on 13 September 2019 to shareholders on the register as at 16 August 2019. The company’s cash and cash equivalents stood at £5.1 million (2018: £4.9 million)
·Operating profit of £3.2 m. ·Profit before tax of £3.2 m. ·Free cash flow 2 increased by 12% to £3.2 m.
Andrew Hore Quoted #Micro 24 June 2019 #AFRI #ANA #CLSU #COIN #CZN #DISH #DXRX #FSBN #GAME #GUN #MLVN #NANO #PEL #PPI #PTRO #QTX #SATI #SPD #TLY #ULS #WHLP
Quartix Holdings Plc (QTX.L) Announced that it will publish interim results for the six-month period ending 30 June 2019 on 24 July 2019. They will be posted on the company's website that morning, together with accompanying presentations. Management expects to report revenue, adjusted EBITDA and free cash flow for the First Half of approximately £12.6 million, £3.5 million and £3.0 million, respectively. This has been delivered alongside a continuation of the increase in investment in sales and marketing activity which commenced during the last financial period.
Quartix Holdings plc, a leading supplier of subscription-based vehicle tracking systems, software and services in the UK, announces that it will publish interim results for the six-month period ending 30 June 2019 on Wednesday 24 July 201 9. Management expects to report revenue, adjusted EBITDA and free cash flow for the First Half of approximately £12.6 m,...
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