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t42 IoT Tracking Solutions Eyes Growth in 2025 Amid Strategic Shifts

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t42 IoT Tracking Solutions Eyes Growth in 2025 Amid Strategic Shifts

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The latest update is out from t42 IoT Tracking Solutions PLC ( (GB:TRAC) ).

t42 IoT Tracking Solutions plc reported stable revenues for FY 2024, with significant growth expected in 2025 driven by increased sales of its Lokies and Tetis technologies. The company is strategically expanding its presence in Latin America and the U.S., and is focusing on proactive growth through high-value partnerships and market penetration in Africa, South America, and Western Europe. The company also announced a change in its executive team, with the appointment of Shachar Rosiansky as VP of Sales and Marketing, and the departure of CFO Igor Vatenmacher. Additionally, t42 is exploring options for its convertible loan notes due in May 2025.

More about t42 IoT Tracking Solutions PLC

t42 IoT Tracking Solutions plc, formerly known as Starcom Systems plc, operates in the global container and freight market, providing real-time tracking, analysis, monitoring, and security IoT solutions. The company serves a wide range of clients, including ports, cargo owners, shipping companies, freight forwarders, insurance companies, customs authorities, homeland security, and police, across 55 countries with over 100 distributors and 50 logistics and support partners.

YTD Price Performance: -43.08%

Average Trading Volume: 453,585

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.21M

Learn more about TRAC stock on TipRanks’ Stock Analysis page.

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