Trakm8’s sluggish sales not encouraging investors

The price of shares in AIM-listed telematics specialist Trakm8 (LON:TRAK) has dropped by 5.56% to 21.25p (as of 11:50 GMT) as it continued to book pre-tax losses during the six months ended 30th September. Revenues grew very slightly, but recurring revenues for the period fell by 5%.

Management said that they expected the second half of the financial year to show significant improvement with strong orders from new and existing customers. As a consequence of this, the company has retained existing guidance.