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    Telecommunications equipment
t42 IoT Tracking Solutions PLC

t42 IoT Tracking Solutions PLC

LLSE:TRAC
2.05
GBX
-0.05
(-2.38%)
141.10MMarket Cap
Jun 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.66
0.48
0.45
0.31
0.23
0.18
0.17
0.12
0.09
0.08
0.07
0.08
0.09
- -
Basic EPS, GAAP
-0.2
-0.27
-0.15
-0.12
-0.06
-0.03
-0.02
-0.05
-0.06
-0.02
-0.01
-0.03
-0.01
- -
Free Cash Flow per Basic Share
-0.25
-0.37
-0.09
-0.05
-0.06
-0.03
-0.01
-0.02
-0.02
-0.03
-0.01
0.01
0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.45
0.41
0.28
0.14
0.1
0.11
0.09
0.05
- -
-0.01
-0.02
-0.05
-0.04
-0.04
Tangible Book Value per Share
0.23
0.19
0.07
0.01
0.02
0.04
0.04
- -
-0.02
-0.03
-0.03
-0.06
-0.05
-0.05
Basic Weighted Avg Shares
9
10
11
16
23
34
41
44
46
53
54
55
64
64
Sales/Revenue/Turnover
6
5
5
5
5
6
7
5
4
4
4
4
6
- -
Operating Margin (%)
-15.26
-53.65
-30.34
-33.85
-16.69
-14.2
-9.27
-35.21
-63.79
-34.55
-2.75
-20.71
6.39
- -
Depreciation Expense
- -
- -
- -
- -
1
1
1
1
1
- -
- -
1
- -
- -
Net Income, GAAP
-2
-3
-2
-2
-1
-1
-1
-2
-3
-1
- -
-2
-1
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-30.54
-56.3
-34.28
-39.2
-24.82
-15.35
-14.95
-40.57
-70.22
-24.89
-10.49
-42.04
-9.44
- -
Working Capital
2
2
1
- -
- -
1
1
- -
- -
-2
-2
-4
-2
-2
LT Debt
1
1
1
- -
- -
- -
- -
1
2
1
2
1
3
3
Total Equity
4
4
3
3
3
4
4
2
- -
-1
-1
-3
-3
-3
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-52.91
-67.33
-44.73
-64.48
-46.75
-26.69
-26.29
-68.26
-257.98
- -
- -
- -
- -
- -

Capital Structure

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3
3
1
LT Borrowings
- -
- -
2
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
66
66
Market Capitalization
2
2
2

Working Capital

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2
2
2
Cash, Cash Equivalents & STI
- -
- -
1
Accounts Receivable, Net
- -
1
- -
Inventories
1
- -
1
Total Current Liabilities
6
6
4
Payables & Accruals
- -
- -
- -
ST Debt
3
3
1
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-22.87%
-39.97%
9.58%
Free Cash Flow
-19.16%
-41.26%
-6%
Net Income, GAAP
23.07%
33.92%
-67.05%
Sales/Revenue/Turnover
3.3%
5.82%
46.71%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4
2024
- -
- -
4
2025
- -
- -
6

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.01
2024
- -
- -
-0.03
2025
- -
- -
-0.01

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Avraham Hartmann
Full Time Employees
18
Sector
Electronic technology
Industry
Telecommunications equipment
Address
96 Dereh Ramatayim Street St. Helier JE United Kingdom JE4 8TQ
IPO Date
Feb 27, 2013
Website
t42.co.uk
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Business
t42 IoT Tracking Solutions PLC t42 IoT Tracking Solutions PLC (TRAC.L) develops and sells Internet of Things (IoT) hardware and software solutions for real-time tracking, monitoring, analysis, and security of shipping containers, assets, fleets, and cargo worldwide; its core products include Tetis for dry container tracking, Tetis R and Tetis R Hybrid for refrigerated cargo with integrated multi-sensors, Lokies keyless IoT padlocks, WatchLock Cube smart reporting locks, Kylos GPS trackers in variants such as Pro, Forever, and Air for asset management including location, temperature, humidity, impact, light exposure, and velocity detection, alongside SaaS platforms like online web applications for fleet and container management, Control Center for emergency response procedures, and Olympia Tracking mobile app, complemented by big-data cloud storage, staff training, technical support, software licensing, professional services, and maintenance. The company serves shipping companies, freight forwarders, insurance providers, customs authorities, homeland security, and marine police through distributors, system integrators, and strategic partners across regions including Europe, Latin America, Africa, South America, Mexico, and Israel. Founded in 2004 and headquartered in Hod Hasharon, Israel, it was formerly Starcom plc, changing its name to t42 IoT Tracking Solutions PLC in November 2021; recent developments encompass a significant $2.5 million contract signed in August 2025 for container tracking devices with revenue recognition spanning 2025-2026 and advance payments enhancing cash flow, extensions of two convertible loan notes to end-2027 for improved financial flexibility with ongoing repayments, a Latin America consortium agreement for shipping container device sales and distribution, Mexico market entry, strategic collaborations with AI/tech partners and Israel's largest port, accelerated product enhancements like energy-efficient Helios M Pro fleet trackers, and robust H1 2025 revenue growth to $2.3 million with positive adjusted EBITDA of $239,000, targeting 200% year-over-year Lokies revenue expansion amid multi-million-dollar pipeline opportunities.