Quartix Technologies PLC
LLSE:QTX230.00
GBX
0.00
(0.00%)
ISIN
GB00BLZH2C83
Return %
Stock
S&P 500
1Y
-16.67
14.20
3Y
64.29
81.12
5Y
-42.50
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Company Description
- CEO
- Andrew John Walters
- Full Time Employees
- 178
- Sector
- Distribution services
- Industry
- Electronics distributors
- Address
- One Cambridge Square Cambridge CA United Kingdom CB4 0AE
- IPO Date
- Nov 6, 2014
- Website
- quartix.com
- Similar Companies
- Business
- Quartix Technologies Plc (AIM: QTX.L) provides subscription-based vehicle tracking systems, telematics software and related services to commercial fleet operators. The company offers real-time vehicle location monitoring, driver behaviour analysis, fuel efficiency reporting, maintenance alerts, detailed journey reports, timesheets, route optimisation tools and integrated 4G dashcams for incident capture and cloud storage; it also supplies analytical platforms including the SafeSpeed database for speed compliance insights. Quartix serves small- to medium-sized enterprises primarily in building and construction, specialised site and field services, transportation, security and product distribution sectors, with customers accessing data via web and mobile applications. Founded in 2001 and headquartered in Newtown, Wales, with registered office in Cambridge, England, the company operates in the United Kingdom, France, United States, Spain, Italy and Germany, supported by subsidiaries including Quartix Ltd, Quartix Inc and Quartix SAS. Quartix maintains development centres in Cambridge for telematics hardware and firmware, Leatherhead for web applications and reporting, and Bishop’s Waltham for systems and database design, while sales, support and administration centre in Newtown. The company follows a flexible subscription model with no upfront hardware costs, achieving high customer retention through reliable service rated excellent on platforms like Trustpilot. It targets ongoing enhancements such as 4G hardware cost reductions, US road speed limit integration and user interface modernisations to boost efficiency and competitiveness. In recent developments, Quartix reports record annualised recurring revenue growth of 13% to £35.0m on a trailing twelve-month basis to June 2025, driven by 11% customer base expansion to 31,588 and 13% subscription base increase to 318,947 units, with new customer acquisitions up 13% to 3,962 in H1 2025. The company executed a June 2025 reorganisation consolidating software teams to cut overheads by £0.5m annually, enabling reinvestment in core telematics growth, and anticipates full-year 2025 revenue of £36.0m and EBITDA of £7.0m. Strategic partnerships include alliances with Right Fuel Card for fleet cost management, Euro Commercials as a South Wales reseller, and Veriforce CHAS for discounted tracking to construction firms; it won SourceForge's Winter 2025 Top Performer Award and progressed 4G upgrades in France ahead of 2G sunsetting. Following 2023 impairments on Konetik GmbH acquisition and French 2G provisions, Quartix wound down non-core EVolve operations to refocus on fleet telematics under Executive Chairman Andy Walters' leadership since late 2023.