Q-Free reports increased revenue for first quarter of 2014

Q-Free reported 22 per cent increase in revenues to US$28 million in the first quarter of 2014, reflecting continued growth for products and service and maintenance but lower projects revenues. Operating profit (EBIT) increased to US$166,000 from an operating loss of US$8.8 million in the first quarter of 2013; pre-tax profit improved to US$333,000 from a loss of US$9.1 million in the same period last year.
April 30, 2014 Read time: 2 mins
108 Q-Free reported 22 per cent increase in revenues to US$28 million in the First quarter of 2014, reflecting continued growth for products and service and maintenance but lower projects revenues. Operating profit (EBIT) increased to US$166,000 from an operating loss of US$8.8 million in the First quarter of 2013; pre-tax profit improved to US$333,000 from a loss of US$9.1 million in the same period last year.

Order entry in the First quarter was US$39.6 million, the highest since the second quarter 2012. Order backlog increased to US$74.7 million, an increase of US$11.5 million during the quarter. The EMEA region accounted for approximately half of both revenue and order intake in the quarter.

Q-Free continues to see a large potential in the road user charging market, with opportunities in all the main regions in EMEA, the Americas and Asia Pacific. The company also continues to strengthen its business within advanced transportation management systems, with the acquisitions of 131 TDC Systems in the UK in March and 7724 Traffic Design in Slovenia in April. Q-Free will continue to seek complementary investment opportunities to add to organic growth in the ATMS business going forward.
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Big data and GPS combine to cut emergency response times
    April 2, 2014
    David Crawford looks at technologies for better emergency medical service delivery. Emergency medical services (EMS) play key roles in transporting, or bringing treatment to, patients who become ill through medical emergencies or are injured in road traffic accidents (RTAs). But awareness has been rising steadily, in the US and elsewhere, of the extent to which EMS can generate their own emergencies. The most common cause is vehicles causing or becoming involved in RTAs, as a result of driving fast under pr
    Read More
  • MobilityXX: ‘Women pay more for safe transport’
    October 8, 2021
    Laura Chace, new boss of ITS America, is fully behind the MobilityXX initiative, which promotes the role of women in transportation. She tells Adam Hill why the ’10 by 10’ target is so important…
    Read More
  • Safety first in the Big Apple
    August 19, 2022
    For a variety of reasons, seniors are particularly vulnerable to traffic violence – but better road design can help. Adam Hill examines New York City’s new plan to keep older people from becoming collision statistics
    Read More
  • South Australian government announces first round of autonomous technology funding
    March 24, 2017
    Seven projects will share in US$4.2 million (AU$5.6 million) from the first round of funding from the South Australian government’s Future Mobility Lab Fund to drive local development of autonomous vehicle technology. Autonomous cargo pods for the Tonsley Innovation Precinct and driverless shuttles for Flinders University students are also among the projects to win funding, with other projects to be announced soon. Transfers between Adelaide Airport’s terminal and long-term car park are set to go driv
    Read More

Highlighted Content