Telematics services provider Trakm8 (LON: TRAK) is on course to breakeven this year, following a period of disappointing trading. The share price has been in the doldrums for years and if the company can achieve the forecast profit for 2022-23 then it could bounce back.
Covid-19 delayed the return to profit even though the cost base has been reduced. It will happen next year if it does not happen this year. The main sources of revenues are fleet owners and insurance companies, that offer discounts to people who have the Trakm8 technology installed in their vehicle.
Trakm8 went through a...
