Quartix is pleased to announce strong financial performance in the first half of 2024. This success is down to our refocus on our core vehicle telematics services after the return of founding member, Andy Walters, as Executive Chairman.
Quartix is pleased to announce strong financial performance in the first half of 2024. This success is down to our refocus on our core vehicle telematics services after the return of founding member, Andy Walters, as Executive Chairman.
94% of our revenue is derived from recurring subscription services. This is exemplified by the loyalty of our very first customer, Broadland Guarding Services, who have stayed with us for a remarkable 23 years. This enduring partnership underscores the quality and reliability of our services, as well as our dedication to fostering lasting relationships.
Quartix continues to drive profitable growth in our global markets, with new installations up 13% against last year. This growth can be attributed to our investment in building strong, knowledgeable teams in each market who deliver an excellent customer experience from initial sales through to onboarding and support. Pignato Gaëtan, director of Renta de Coches de Lujo, a Quartix customer in Spain, says, “Magnificent! The system has helped me a lot with control of my cars and cost savings. Sales and support service is excellent. I recommend it.”
Continued investment in research and development ensures that we remain a leader in telematics technology, offering cutting-edge solutions that meet evolving market demands. The recently launched Quartix Check walkaround app and our connected dashcam solutions have been well-received by customers and have contributed to overall growth in the first half of 2024.
Andy Walters commented, “We are thrilled with our strong financial and operational performance, which is a testament to our robust business model and unwavering commitment to customer service. The substantial recurring revenue from our subscription services provides a solid foundation for sustained growth.”
We are committed, as always, to delivering innovative telematics solutions that drive value for our customers and stakeholders.
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