Lytx subscription growth continues in 2022
Subscription sales of US-based multinational video telematics and fleet management solutions company Lytx increased 65% year-over-year in the first quarter of 2022, selling more than 100,000 subscriptions during the period.
Due largely to significant orders from enterprise fleets and from global resellers, the growth follows 2021 results in which sales of new subscriptions more than doubled year-over-year.
More than 24 years after Lytx pioneered video telematics, this technology is now considered an essential part of fleet management. "It wasn't that long ago when we celebrated winning 100,000 new subscriptions in an entire year. Now, we're seeing that volume in a quarter, which is driving unprecedented growth in our business,” says Chairman and CEO Brandon Nixon.
“With a network of 88 resellers across more than 60 countries leveraging our Surfsight technology, we are poised to capture a substantial portion of a large and growing demand for world-class video as a critical part of all-in-one fleet solutions," adds the executive.
Photo: Surfsight A1-12 DashCam (courtesy of Lytx)