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Trakm8 Holdings ( (GB:TRAK) ) has shared an announcement.
Trakm8 Holdings PLC announced a trading update for the financial year ending 31 March 2025, revealing that despite strong sales in fleet telematics and optimization, a significant expected contract did not materialize, and the insurance market remains challenging. Consequently, the company anticipates a revenue decline of nearly ten percent compared to the previous year, impacting profitability.
More about Trakm8 Holdings
Trakm8 Holdings PLC is a global provider of telematics and data insight solutions. The company focuses on delivering advanced fleet management and optimization services, catering primarily to the insurance and fleet industries.
Average Trading Volume: 21,904
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.37M
Learn more about TRAK stock on TipRanks’ Stock Analysis page.