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Quartix Holdings ( (GB:QTX) ) has issued an update.
Quartix Technologies reported a solid start to 2026, with annualised recurring revenue rising £1.6m in the first quarter to £38.6m on a constant-currency basis and trailing twelve‑month ARR up 12%. Net revenue retention improved to 98.1%, and although new customer acquisitions and subscriptions fell 8% and 13% year on year, the total customer and subscription bases grew 8% and 9% respectively.
Revenue and profit are tracking in line with market expectations, supported by strong free cash flow of an estimated £2.7m in Q1 and a closing cash balance of £8.2m, helped by tax timing effects. The company highlighted particularly strong growth in Italy, Spain and Germany, ongoing 4G upgrade programmes in France and the UK, and a continued focus on sales and marketing efficiency as it seeks to sustain international expansion and deliver on full‑year targets.
The most recent analyst rating on (GB:QTX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Quartix Holdings stock, see the GB:QTX Stock Forecast page.
Spark’s Take on QTX Stock
According to Spark, TipRanks’ AI Analyst, QTX is a Outperform.
The score is driven primarily by strong financial performance (notably a very low-debt balance sheet and improved profitability) and supportive valuation (low P/E with a dividend). These positives are partially offset by weak technical signals, with the stock trading below key moving averages and negative MACD indicating subdued momentum.
To see Spark’s full report on QTX stock, click here.
More about Quartix Holdings
Quartix Technologies is a UK-based provider of subscription-based vehicle tracking systems, software and services for commercial fleets. The company operates across the UK and Ireland, France, the U.S., Italy, Spain, Germany and other markets, focusing on recurring software subscription revenues and growing its installed base of vehicle telematics units.
Average Trading Volume: 49,850
Technical Sentiment Signal: Buy
Current Market Cap: £134.9M
Learn more about QTX stock on TipRanks’ Stock Analysis page.