Trakopolis Announces Second Quarter Results

Trakopolis (TSXV:TRAK) reported revenues of C$1.6 million for the quarter ended June 30, 2018 which represented a 1 percent growth as compared to the prior year period.

Trakopolis, a Software as a Service (SaaS) company with cloud based solutions for real time tracking, data analysis said that its subscription sales increased 22 percent to C$1.2 million.

As quoted in the press release:

“The second quarter of 2018 focused on expanding our solution offering, working with our channel partners on continued business development and progressing our enterprise sales funnel. This positions the Company well for the remainder of 2018,” stated Brent Moore, CEO of Trakopolis.

Second quarter financial highlights include:

• Revenue of $1.6 million for the quarter, which represents 1% growth compared to the prior year period.

• Total subscribers of 16,888, representing a 32% increase compared to the prior year period.

• An increase in our enterprise subscriber base from 29% in the prior year period to 37% of our subscriber base in the current quarter.

• Average revenue per unit of $23.12, representing 3.5% decrease compared to the prior year period

• A net loss of $1.1 million compared to $1.3 million in the prior period quarter, representing an 18% decreased loss over the prior year period. The decreased loss is primarily due a result of lower operating expenses in 2018 compared to 2017

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