StockMarketWire.com - Telematics group Trakm8 booked a full-year loss as its sales slumped during the pandemic.

Pre-tax losses for the year through March amounted to £1.9 million, compared to year-on-year losses of £1.7 million. Revenue fell 18% to £16.0 million.

Trakm8 didn't declare any dividends for the year.

Revenue in the financial year to date through May was up 26% year-on-year.

'Assuming no further lockdowns or unmanageable supply chain issues the company expects to return to pre-Covid-19 revenues and deliver a profit,' it said.


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