t42 IoT Tracking Solutions

Company Overview

Snapshot

Founded in January 2004 by Avi Hartmann and Uri Hartmann, t42 IoT Tracking Solutions operates with 11–50 employees. The company went public on AIM in April 2013, marking a significant milestone in its growth.

Business overview

t42 IoT Tracking Solutions specializes in automated real-time systems for remote tracking and management. The company's core technology includes GPS tracking devices and IoT solutions, which are applied to vehicles, containers, assets, and people. It serves various markets and industries, including shipping companies, freight forwarders, insurance companies, customs authorities, homeland security, and marine police forces, operating within the Automotive & Mobility Technologies sector.

Strategic signal

In June 2025, t42 IoT Tracking Solutions reported a 3.8% revenue increase to US$4.16 million for its full-year 2024 financial results. Despite a significant widening of its net loss to US$1.75 million, the company's shares have seen a 20% rise over the past week, indicating investor confidence in its long-term potential despite short-term financial challenges.

Company Intelligence Q&A

What were t42 IoT Tracking Solutions' financial results for the full year 2024?

In June 2025, t42 IoT Tracking Solutions reported a revenue increase of 3.8% to US$4.16 million for its full-year 2024. However, the company's net loss widened significantly to US$1.75 million, a 316% increase from the previous year, with a loss per share of US$0.032.

What is the estimated fair value of t42 IoT Tracking Solutions PLC?

In September 2025, an analysis using the Discounted Cash Flow (DCF) model estimated the fair value of t42 IoT Tracking Solutions PLC at UK£0.021, aligning with its current share price. The valuation projected cash flows over ten years, with the present value of the 10-year cash flow estimated at US$1.1 million.

When did t42 IoT Tracking Solutions go public?

t42 IoT Tracking Solutions went public on the AIM market in London in April 2013.

Which airline approved Starcom Systems GPS Tracking Devices?

In November 2016, Amerijet International, Inc. approved Starcom Systems Kylos Air GPS Tracking Device for air cargo use aboard its aircraft. This approval aimed to enhance Amerijet's services and expand Starcom Systems Americas' participation in industries such as pharmaceutical, high-value, and electronics.

What was the valuation of Starcom Systems plc during its IPO?

In March 2013, Starcom Systems plc, which later became t42 IoT Tracking Solutions, had a valuation of £14.2 million during its IPO on London's Alternative Investment Market.