Trakm8 Holdings Says Group Will Now No Longer Meet Market Expectations For FY24

Trakm8 Holdings plc is a United Kingdom-based technology company. The Company is focused on fleet management, insurance telematics, connected car, and optimization. Through intellectual property (IP) owned technology, it uses artificial intelligence (AI) data analytics collected from its installed base of telematics units to tune the algorithms that are used to produce its solutions. These solutions monitor driver behavior, identify crash events, and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers. Its product portfolio includes the data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimization, self-installed telematics units, and a range of installed telematics devices. Its portfolio offers complete telematics solutions, including dashboard cameras that enable customers to record driving incidents and mitigate the risk of accidents.