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Connexion Telematics Limited ( (AU:CXZ) ) has shared an update.
In the quarter ending December 31, 2024, Connexion Mobility Ltd reported significant financial growth, including a 68% increase in net profit before tax and a 6% rise in revenue compared to the previous quarter. The company highlights its strategic focus on deepening customer relationships and expanding its marketplace, which is expected to drive long-term shareholder value. Connexion’s operational efforts have centered on enhancing product features and diversifying revenue streams by strengthening OEM partnerships and exploring new commercial relationships.
More about Connexion Telematics Limited
Connexion Mobility Ltd operates in the mobility software as a service (SaaS) industry, focusing on providing platforms like OnTRAC and Connexion to US automotive original equipment manufacturers (OEMs) and franchised dealers. These platforms primarily manage courtesy transportation activities, aiming to connect fleet owners with future mobility solutions, including loaner cars, shuttles, and ride-hailing services.
YTD Price Performance: -25.00%
Average Trading Volume: 20
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €12.96M
Learn more about CXZ stock on TipRanks’ Stock Analysis page.
