22nd Mar 2024 11:09
Trakm8 Holdings PLC - Dorset, England-based global telematics and data insight provider - For financial 2024, Trakm8 now believes turnover will be GBP16.4 million, resulting in an adjusted pretax loss of GBP1.4 million. In financial 2023, revenue came in at GBP20.2 million and adjusted pretax profit of GBP1.2 million. "While the combination of the delay in securing the contract and the weaker-than expected trading during February and March 2024 is disappointing, discussions in relation to the contract are ongoing. While there can be no certainty as to the conclusion of these discussions, the group expects to benefit from any revenues generated from this potential contract in the financial year ending 31 March 2025," Trakm8 says.
Current stock price: 9.69 pence, down 38%
12-month change: down 41%
By Sabrina Penty, Alliance News reporter
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