Quartix Technologies (QTX) Trading Update summary

Trading performance and outlook

• New unit sales in Q1 2025 rose 20% year-on-year, indicating strong demand and customer acquisition.

• Annualised recurring revenue and customer acquisition both showed significant improvement in early 2025.

• Trading in the first two months of 2025 aligned with market expectations for the year.

• The Board's consensus market expectations for 2025 are revenue of £36.0m, adjusted EBITDA of £7.2m, and free cash flow of £3.5m.

• Management expressed an encouraging outlook for the remainder of 2025, with further updates scheduled.

Upcoming events and communications

• A trading statement for Q1 2025 and 2024 financial results will be released on 7 April 2025.

• The company will present these results during the "MelloMonday" webinar, with tickets available online.

• Shareholders can expect a further update in the following week.

Leadership and contacts

• Andy Walters, Executive Chairman, provided commentary on the strong start and positive outlook.

• Contact details for company and advisers are available for further information.