Connexion Telematics Limited (AU:CXZ) has released an update.
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Connexion Telematics Limited reported a positive financial quarter with revenue growth across its SaaS platforms, OnTRAC, and Connexion, used by US Automotive OEMs and franchised dealers, leading to a 6% quarter-on-quarter increase in both Maintainable Earnings and Net Profit Before Tax. The company continued to invest in R&D and marketing, which contributed to a 1% growth in Gross Profit and new customer acquisitions at the dealership level. Connexion Telematics is committed to long-term shareholder value, focusing on product development and customer relationship expansion to drive future sales growth.
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