Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest announcement is out from t42 IoT Tracking Solutions PLC ( (GB:TRAC) ).
t42 IoT Tracking Solutions PLC announced its audited results for the year ending December 31, 2024, showing a revenue increase to $4.16 million, though it faced challenges with a decreased gross margin and increased operating expenses. The company has experienced significant growth in its container segment, with major contracts in Latin America and a substantial increase in purchase orders for its Lokies and Tetis products. Despite financial challenges, t42 remains optimistic about its future, expecting increased revenues and exploring new business opportunities, while also addressing operational issues to improve margins.
More about t42 IoT Tracking Solutions PLC
t42 IoT Tracking Solutions PLC is a global provider specializing in real-time tracking and monitoring solutions for containers. The company focuses on offering comprehensive technological solutions for monitoring and securing containers, addressing challenges in maritime, land transportation, and air cargo. Their market focus includes key regions such as South and North America.
Average Trading Volume: 198,570
Technical Sentiment Signal: Sell
Current Market Cap: £1.25M
Find detailed analytics on TRAC stock on TipRanks’ Stock Analysis page.