Quartix Holdings (QTX) AI Stock Analysis

• Market Cap: £127.37M
• Dividend Yield: 1.61%
• Average Volume (3M): 25.83K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.60
• Revenue Growth: 8.19%
• EPS Growth: N/A
• Country: UK
• Employees: 173
• Sector: Technology
• Sector Strength: 98
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.06
• Shares Outstanding: 48,430,157
• 10 Day Avg. Volume: 13,436
• 30 Day Avg. Volume: 25,827
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £273.00
• Price Target Upside: -2.15% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: 273.00p ▼(-2.15% Downside)

Quartix Holdings receives a strong overall score due to its robust financial performance and positive corporate events highlighting growth and strategic reorganization. While valuation metrics suggest potential undervaluation, technical indicators reflect mixed signals. The combination of these factors results in an attractive investment profile, especially within its industry.

Quartix Holdings Business Overview & Revenue Model

Company Description

Quartix Technologies Plc engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and the European Territories. The company offers vehicle tracking system for businesses, such as real-time vehicle tracking; driver timesheet report; driver behavior report; vehicle tracking reports and dashboards; vehicle tracking alerts; customized tracking; and fleet management solutions and services. It provides its products primarily to building and construction, trades and field services, transportation, security, and distribution industries. The company was formerly known as Quartix Holdings plc and changed its name to Quartix Technologies Plc in June 2021. Quartix Technologies Plc was founded in 2001 and is based in Cambridge, the United Kingdom.

How the Company Makes Money

Quartix generates revenue primarily through subscription fees for its telematics services, which include hardware sales and ongoing access to its software platform. Customers typically pay a monthly or annual fee for the use of Quartix's tracking devices and software, creating a recurring revenue stream. Additionally, the company may earn revenues from the sale of add-on services, such as advanced analytics and reporting features. Strategic partnerships with automotive manufacturers and fleet service providers also enhance Quartix's market reach and customer acquisition, contributing significantly to its earnings.

Quartix Holdings Financial Statement Overview

Summary

Quartix Holdings demonstrates strong financial health with significant improvements in profitability and operational efficiency. The company has a low leverage profile and robust equity position, contributing to its financial stability. Despite a slight decline in cash flow generation, the overall financial trajectory remains positive.

Income Statement

Quartix Holdings has shown strong revenue growth over the years, with a 8.45% increase from 2023 to 2024. The gross profit margin improved to 69.50% in 2024, indicating efficient cost management. Net profit margin turned positive at 14.71% in 2024 from a negative position in 2023, showing a significant turnaround in profitability. Both EBIT and EBITDA margins have improved markedly, reflecting strong operational efficiency.

Balance Sheet

Quartix Holdings maintains a solid equity position with a debt-to-equity ratio of 0.03, showing low leverage and financial stability. Return on Equity (ROE) improved to 24.31% in 2024, showing effective utilization of equity. The equity ratio of 64.42% indicates a strong capital structure. However, the slight decrease in total assets over the years is a point of concern.

Cash Flow

Operating cash flow remains positive, although it decreased in 2024. Free cash flow generation is strong, with a minimal decline from 2023 to 2024. The operating cash flow to net income ratio is 0.58 in 2024, suggesting strong cash generation from operations relative to net income. However, the free cash flow growth rate turned negative, indicating some pressure on cash flow generation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	32.40M	29.88M	27.52M	25.51M	25.84M
Gross Profit	22.52M	16.98M	19.70M	18.75M	17.05M
EBITDA	6.66M	-813.00K	5.82M	5.72M	6.06M
Net Income	4.77M	-908.00K	5.04M	4.98M	4.73M
Balance Sheet
Total Assets	30.44M	29.28M	30.10M	28.56M	30.81M
Cash, Cash Equivalents and Short-Term Investments	3.10M	2.38M	5.06M	5.41M	10.57M
Total Debt	559.00K	660.00K	748.00K	763.00K	957.00K
Total Liabilities	10.84M	12.93M	9.21M	8.51M	9.38M
Stockholders Equity	19.60M	16.35M	20.90M	20.05M	21.43M
Cash Flow
Free Cash Flow	2.74M	3.27M	3.79M	3.27M	5.53M
Operating Cash Flow	2.77M	3.28M	3.86M	3.33M	5.61M
Investing Cash Flow	-202.00K	-1.99M	-68.00K	-61.00K	-72.00K
Financing Cash Flow	-1.62M	-3.95M	-4.26M	-8.36M	-1.78M

Quartix Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 279.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:QTX, the sentiment is Positive. The current price of 279 is above the 20-day moving average (MA) of 258.00, above the 50-day MA of 250.06, and above the 200-day MA of 202.10, indicating a bullish trend. The MACD of 6.62 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 31.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:QTX.

Quartix Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QTX	73 Outperform	£127.37M	24.20	27.08%	1.61%	8.19%	―
SDI	72 Outperform	£92.01M	23.10	8.38%	―	0.50%	-6.16%
SRT	66 Neutral	£217.76M	―		―	―	―
Sector *	61 Neutral	$35.87B	6.13	-9.30%	2.06%	7.63%	-6.38%
XAR	52 Neutral	£94.89M	―	-15.96%	―	-13.04%	-387.05%
SOLI	51 Neutral	£94.91M	186.11	0.81%	2.23%	-23.42%	-94.25%
TRAK	46 Neutral	$4.62M	―	-6.32%	―	-19.57%	-206.79%

Quartix Holdings Corporate Events

Quartix Technologies Reports Strong H1 2025 Financial Results

Quartix Technologies PLC reported a strong financial performance for the first half of 2025, with a 10% increase in revenue to £17.6 million and a 31% rise in operating profit to £3.5 million. The company’s strategic focus on growing its subscription base and annualized recurring revenue (ARR) has resulted in a 13% increase in ARR to £35 million. The introduction of new tracking units has contributed to cost reductions, and the company has completed a reorganization to accelerate the development of its telematics platform. Quartix’s market performance showed growth across several regions, with notable increases in subscription and customer bases, particularly in Italy, Spain, and Germany. The Board is optimistic about exceeding market expectations for the year, with improved profitability and cash flow anticipated.

Quartix Technologies Reports Strong First Half 2025 Results and Strategic Reorganisation

Quartix Technologies plc announced its estimated financial results for the first half of 2025, showing a notable increase in revenue, EBITDA, and free cash flow compared to the previous year. The company reported a 31% increase in Annualised Recurring Revenue (ARR) and improved net revenue retention, reflecting strong growth in its subscription base and customer acquisition. A reorganisation aimed at consolidating software teams and reducing overhead costs is expected to enhance operational efficiency and support future growth. Quartix is confident in meeting market expectations for the year and plans to declare an increased interim dividend.