{"id":118014,"date":"2025-03-05T20:35:29","date_gmt":"2025-03-05T19:35:29","guid":{"rendered":"https:\/\/www.quartix.com\/?p=118014"},"modified":"2025-03-05T20:37:04","modified_gmt":"2025-03-05T19:37:04","slug":"record-breaking-2024-financial-results","status":"publish","type":"post","link":"https:\/\/www.quartix.com\/en-gb\/news\/record-breaking-2024-financial-results\/","title":{"rendered":"Quartix Technologies plc Announces Record-Breaking 2024 Financial Results"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong>Quartix Technologies plc (AIM: QTX) is delighted to announce its audited financial results for the year ended 31 December 2024.\u200b<\/strong><\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-highlights\">Financial Highlights:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Annual Recurring Revenue (ARR):<\/strong> Achieved a record growth of \u00a33.5 million, marking a 12% increase, which is a 68% uplift compared to the growth in 2023.\u200b<\/li>\n\n\n\n<li><strong>Net Revenue Retention (NRR):<\/strong> Improved to 95.7%, bolstered by the successful introduction of price indexation strategies.\u200b\u200b<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"563\" src=\"https:\/\/www.quartix.com\/content\/uploads\/2025\/03\/exec-board-smaller.png\" alt=\"Grid of eight people dressed in business attire, with plants in the background, showcasing the team behind the successful 2024 Financial Results. Central logo reads &quot;Quartix.\" class=\"wp-image-118051\" srcset=\"https:\/\/www.quartix.com\/content\/uploads\/2025\/03\/exec-board-smaller.png 750w, https:\/\/www.quartix.com\/content\/uploads\/2025\/03\/exec-board-smaller-300x225.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-operational-highlights\">Operational Highlights:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Customer Acquisition:<\/strong> Welcomed 6,863 new customers, a 19% increase from the previous year, underscoring the growing demand for Quartix&#8217;s solutions.\u200b<\/li>\n\n\n\n<li><strong>Product Development:<\/strong> Successfully completed new product developments, including the new Quartix Mobile App, reinforcing Quartix&#8217;s commitment to delivering cutting-edge vehicle tracking solutions.\u200b<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Using the Home Screen on the Quartix Mobile App | Quick Guide\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/cN-TbPSgeBg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>Andy Walters, Chairman of Quartix, commented: <em>&#8220;\u200bOur 2024 performance showcases the strength of our business model and the dedication of our team. The significant growth in ARR and customer acquisition, alongside improved profitability, positions us well for continued success in the coming years.&#8221;\u200b<\/em><\/p>\n\n\n\n<p>For a comprehensive analysis of Quartix&#8217;s 2024 financial performance, please refer to the full annual report available on our <a href=\"\/en-gb\/company\/investors\/\">investors page<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><a href=\"\/en-gb\/company\/investors\/\"><strong>See the full 2024 financial report and more &gt; <\/strong><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re thrilled to announce an outstanding year with record results in customer acquisition and ARR. Read the highlights.<\/p>\n","protected":false},"author":12,"featured_media":118051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1571],"tags":[],"topic":[],"qtx_fblgauthor":[],"class_list":["post-118014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Quartix Announces Record-Breaking 2024 Financial Results - UK<\/title>\n<meta name=\"description\" content=\"We\u2019re thrilled to announce an outstanding year with record results in customer acquisition and ARR. 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