Telematics company reports growth after focusing on core business
Warwickshire-based telematics company Trakm8 announces 26% growth in its core business, Solutions, to £26.9m over the past year.
This is despite the company facing a year-on-year reduction of £2.2m after exiting the contract electronic manufacturing business to focus on the manufacture of hardware devices for the fleet, insurance and automotive markets. The board expects that 2018/19 will mark the end of this year-on-year decline in product revenues.
Recurring revenue over the past 12 months increased by 11% to £10.9m, and y... For the full story register now for free or login below...