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The latest update is out from t42 IoT Tracking Solutions PLC ( (GB:TRAC) ).
t42 IoT Tracking Solutions, a specialist in global shipping container tracking, reported a strong 2025 performance driven by its Lokies secure padlocks and broader IoT offering for freight visibility. The company’s focus on higher-margin products and SaaS-based services is sharpening its positioning in the container tracking and logistics technology market.
Unaudited revenue for 2025 rose to over $6.1m from $4.16m, with gross margins improving to about 45% and SaaS revenues growing by roughly 10%. The group swung to an operating profit of around $0.4m and positive EBITDA of about $1.05m, and management signalled confidence that growing long-term orders, pipeline conversion and minimal disruption from Middle East turmoil will support further commercial momentum, with audited results due in April 2026.
The most recent analyst rating on (GB:TRAC) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on t42 IoT Tracking Solutions PLC stock, see the GB:TRAC Stock Forecast page.
Spark’s Take on GB:TRAC Stock
According to Spark, TipRanks’ AI Analyst, GB:TRAC is a Neutral.
The overall stock score is primarily impacted by the company’s poor financial performance, characterized by declining revenues, negative profit margins, and a heavily leveraged balance sheet. Technical analysis indicates short-term overbought conditions, but overall bearish momentum. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score.
To see Spark’s full report on GB:TRAC stock, click here.
More about t42 IoT Tracking Solutions PLC
t42 IoT Tracking Solutions plc, formerly Starcom Systems plc, provides real-time tracking, analysis, monitoring and security IoT solutions for the global container and freight market. Its multi-sensor, cloud-connected devices serve ports, cargo owners, shipping companies, freight forwarders, insurers, customs and security agencies in 55 countries through a broad distributor and partner network.
Average Trading Volume: 398,832
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.32M
Find detailed analytics on TRAC stock on TipRanks’ Stock Analysis page.