Quartix Technologies PLC (LSE:QTX)
£ 2.25 (0%) Market Cap: 109.02 Mil Enterprise Value: 104.74 Mil PE Ratio: 18.44 PB Ratio: 3.39 GF Score: 75/100

Half Year 2025 Quartix Technologies PLC Earnings Call Transcript

Jul 24, 2025 / 10:59 AM GMT
Release Date Price: £2.65 (+8.16%)

Key Points

Positve
  • Quartix Technologies PLC (LSE:QTX) achieved a record growth in annualized recurring revenue (ARR), adding 2.7 million in the first six months of 2025, reaching a total of 35 million.
  • The company reported a 31% increase in operating profit, reaching 3.5 million, and a 30% increase in EBITDA to 3.7 million compared to 2024.
  • Revenue in the first half of 2025 increased by 10% to 17.6 million compared to the previous year.
  • Net revenue retention improved significantly, with the company retaining 97.3% of its ARR from 12 months earlier, marking an improvement of over 4 percentage points since the start of 2024.
  • Cash generated from operations was strong, up by 72% to 3.2 million, and free cash flow more than doubled to 2.5 million.
Negative
  • The company faced a loss of momentum in 2022, resulting in weak performance in 2023, which required a turnaround effort.
  • Despite strong cash generation, the company incurred cash costs of approximately 50 million for the 4G upgrade in France.
  • The company had to adjust pricing to compensate for inflationary pressures experienced in 2022 and 2023.
  • There was a need to significantly reduce and redirect spending to achieve cost-effective growth in ARR.
  • The development and rollout of the new web-based application have been delayed, with acceleration planned for 2025.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QTX.L - Quartix Technologies PLC
Half Year 2025 Quartix Technologies PLC Earnings Call
Jul 24, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Hello, I'm Andy Walters, founder of Coordix Technologies. I returned to the company at the end of 2023 as executive Chairman. This presentation covers our interim results for 2025, and it's available to download together with our interim report on our investor site.

Our customers are typically SME companies with mobile workers who travel to customers sites for their work.

Through tracking their vans, we provide them with business and operational information on a subscription basis using web and mobile-based applications. This has always been the basis of our business.

The most significant financial benefit to them of using our service is that of increased business capacity.

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