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12:35
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Originally posted by vagabond84:
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Is it really 100% fair to say there's nothing wrong with the company though? Since they launched OnTrac in early 2019, vehicle subscriptions - their main source of revenue - have been fairly steady at around 70k vehicle subscriptions per month. Then covid hit, and suddenly subscriptions are trending down. For June quarter, subs fell to 64k avg, from 70k the previous quarter. And now for the Sept quarter, they're expecting 58k subs avg.
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If CXZ are developing a white label version of OnTrac, I'm not sure that GM would have ownership over the system. Also the ANN from 2018 states that "As outlined in the Company’s announcement on 4 April 2018, the Company will deliver the Software as Service programs using 100% owned software components and systems".
