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25 February 2021 | 09:13am
StockMarketWire.com - Telematics and global data supplier, Trakm8 has reported a surge in revenue for the second half of 2020 despite COVID-19 lockdowns having an adverse affect on its insurance customers.
Full year revenue is expected to be approximately 20% lower than FY20, with COVID-19 compromising what would otherwise have been a year of growth. This will result in a modest adjusted loss before tax broadly similar to last year.
The company has also announced a new long-term contract to deploy over a 1,000 RH600 integrated telematics and cameras systems to The Parts Alliance Group.
Trakm8 will supply the full fleet management and driver behaviour solutions based on Insight, the Group s leading analytics and data platform.