27th Sep 2023 14:26
t42 IoT Tracking Solutions PLC - provides tracking, security, and monitoring solutions for the global supply chain, logistics, container, and freight market - Reports a total comprehensive loss of USD754,000 in the first half of 2023, widened from USD222,000 the year prior. Revenue in the half drops to USD1.7 million from USD2.2 million due to continued supply chain issues and supplier requirements for upfront payments. Explains the requirement for upfront payments impacted its ability to complete many orders in the first half of the year. Hopes orders will be fulfilled in the second half of the year. Adds anticipated orders give it the confidence that the result in the second half will show a "significant" improvement against the previous year. Read More