Monday, May 9, 2022

Lytx Sees Sales Increase In Q1

San Diego-based fleet management systems developer Lytx said today that it has seen a 65 percent, year-over-year increase in its subscription sales during its first quarter of 2022. Financials behind those increases were not announced, however, the company said it is seeing "unprecedented demand" from enterprise fleets and its third party resellers. Lytx said it saw record growth and revenues in 2021. Lytx said it sold more than 100,000 subscriptions to its services in the first quarter. The company offers up video-based monitoring of driving fleets, along with related electronic logging and other related telematics services.

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