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Connexion Mobility Ltd (ASX:CXZ)

ALERT: Price-sensitive ASX Announcement for CXZ
Current share price for CXZ : $0.022 -0.003 (-12%)+
Announcement
Release
16 Apr 2026 9:53AM
Price at Release
$0.025
Full Release
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Summary
Connexion Mobility Ltd reported steady revenue growth and an increase in Gross Profit for Q3 FY26. The company, listed under the ASX code CXZ, highlighted the expansion of its mobility SaaS platforms, OnTRAC and Connexion, into Canada. Despite a decline in Net Profit Before Tax due to increased expenses, total revenue reached a record high of $3 million, marking a 5% increase over the previous quarter. Subscription-based revenue rose by 6%, while Service Revenue saw an 8% increase. The company continues to focus on enhancing its product offerings and expanding its market presence, with strategic investments in R&D and commercial partnerships. Connexion has also been appointed as the exclusive software supplier for GM Canada’s Enhanced Exposure Program, supporting further growth in its Canadian operations.
Key Points
  • Connexion's Q3 FY26 revenue is $3 million, up 5% from Q2 FY26.
  • Gross Profit increased by 11% to $1.9 million.
  • Net Profit Before Tax decreased by 31% due to increased expenses.
  • Subscription-based revenue increased by 6%.
  • Service Revenue increased by 8%.
  • Connexion was appointed as exclusive software supplier for GM Canada’s EEP.
  • Connexion's operations expanded to Canada.
  • Company focused on R&D investments and commercial partnerships.
  • Company’s mission is to connect Fleet Owners with the Future of Mobility.
  • Net Cash and Investments stand at $5.9 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.