This is from March 2019
Connexion Telematics Ltd (ASX:CXZ) shareholders should be happy to see the share price up 20% in the last month. But only the myopic could ignore the astounding decline over three years. Indeed, the share price is down a whopping 94% in the last three years. So it’s about time shareholders saw some gains. Only time will tell if the company can sustain the turnaround.We really feel for shareholders in this scenario. It’s a good reminder of the importance of diversification, and it’s worth keeping in mind there’s more to life than money, anyway.See our latest analysis for Connexion TelematicsConnexion Telematics recorded just AU$651,340 in revenue over the last twelve months, which isn’t really enough for us to consider it to have a proven product.
Now:
Full Year Results Summary for the year ended 30 June 2020
This year built on the positive momentum achieved in the prior year to deliver a strong set of
results against a backdrop of economic uncertainty that unfolded during the latter part of the
financial year, with COVID-19.
The Company continued to provide its proprietary Software as a Service (SaaS) solution,
OnTRAC, for General Motors’ (‘GM’) Courtesy Transportation Program (‘CTP’) and Cadillac’s
Courtesy Transportation Alternative (‘CTA’).
OnTRAC is the only SaaS courtesy transportation program solution software used by GM, which
includes Buick, GMC, Chevrolet and Cadillac dealers. OnTRAC is used on a daily basis by over
10,000 end-users at the dealership level and barriers to entry are considerable.
• Total Revenue up 131% to $8.20m (FY19 $3.56m)
• Net Profit Before Tax up 340% to $2.05m (FY19 $0.47m)
• Net Profit After Tax up 587% to $3.20m (FY19 $0.47m)
• Diluted EPS up 537% to 0.35c (FY19 0.06c)
• Net Cashflow up 254% to $1.49m (FY19 $0.42m)
• Working Capital up 256% to $3.35m (FY19 $0.94m)
• Tech and Support Team expanded by 33%
• OnTRAC CTP/CTA subscription base averaged 69k vehicles for the year
• COVID-19 impact on the business largely mitigated by increase in
recurring revenues
• Significant ongoing customisation and improvements to the OnTRAC program
• Growth initiatives pursued into FY21
Now if this is not enough reason to buy and invest on this then i don't know what is.
Similar instance like HT8, HT8’s securities from a low of $0.052 on 3 August 2020 to a high of $0.16 today.
(20min delay)