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Connexion Telematics Limited ( (AU:CXZ) ) has shared an update.
Connexion Mobility Ltd reported robust performance for the half-year ending December 2024, with a 15% increase in revenue to $5.45 million and a significant 43% rise in net profit after tax to $1.09 million. The company’s strategic initiatives, such as the launch of the OnDemand product and collaborations with dealerships and OEMs, have contributed to a gradual increase in marketplace sales and engagement, supporting its growth trajectory and operational expansion.
More about Connexion Telematics Limited
Connexion Mobility Ltd operates in the telematics industry, offering solutions that focus on mobility and fleet management. Its primary services include the Connexion Platform, which enhances dealership operations by integrating ridehail management and fleet management functionalities. The company targets dealerships and has collaborations with OEMs and commercial partners.
YTD Price Performance: -18.75%
Average Trading Volume: 20
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €13.92M
For an in-depth examination of CXZ stock, go to TipRanks’ Stock Analysis page.