Trakopolis Announces Fourth Quarter and Year-End Result

Trakpolis IoT Corp (TSXV:TRAK) announced its fourth quarter and year results with the highlights being a record total revenue and subscription sales that jumped 17 per cent quarter over quarter.

As quoted in the press release:

“2017 produced record total revenue and saw a continued increase in monthly recurring revenue. We continue to be successful in the enterprise segment and that contributed significantly to our top line and subscription revenue growth. Our success in the large enterprise customer segment demonstrates Trakopolis is capable of achieving material sales growth over the near term,” stated Brent Moore, CEO of Trakopolis.

Total revenue of $1.824 million and $9.501 million for the quarter and the year ended December 31, 2017, representing 50% growth compared to Q4 2016 and 98% growth compared to the twelve months ended December 31, 2016.

“Looking ahead, we’re also very pleased with our investment in our expanding network of channel partnerships and the establishment of new sales channels. Partnering with major corporations demonstrates that Trakopolis has built an enterprise grade platform and this is consistent with our long-held strategy of collaboration. Our ability to work with market leaders in different segments, combined with our customizable, hardware agnostic platform has allowed us to differentiate our services offering in the global safety and productivity market. We look forward to working with clients to deliver, comprehensive, end-to-end industrial internet of things solutions.”

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