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Locate Technologies Limited ( (NZ:LOC) ) just unveiled an update.
Locate Technologies reported an inflection quarter for the three months to 31 March 2026, with group revenue rising 15% year-on-year to NZ$1.8m and group reported EBITDA turning positive at NZ$167,000. The company’s Bitcoin treasury remained unchanged at 12.3 BTC, reinforcing its dual strategy of operating an AI logistics business alongside a digital asset reserve.
Locate2u delivered a record NZ$1.082m in quarterly revenue, up 42% year-on-year and now accounting for 60% of group sales, supported by deeper customer adoption, an active enterprise pipeline and new AI capabilities. Zoom2u’s revenue declined 11% to NZ$722,000 but remains EBITDA-positive and cash generative, funding group priorities and serving as a testing ground for Locate2u features as management continues to improve profitability month by month.
More about Locate Technologies Limited
Locate Technologies Limited, listed on New Zealand’s NZX as LOC, provides AI-powered logistics software that serves fleet operators, retailers and logistics providers internationally. Its Locate2u platform functions as an operating system for last-mile logistics, while its Zoom2u delivery network in Australia generates cash flow and operational insights, and the company also holds Bitcoin as a long-term treasury asset.
Average Trading Volume: 13,126
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$15.36M
See more insights into LOC stock on TipRanks’ Stock Analysis page.