Horizon
Best-in-class electronic logging and telematics hardware and tools
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Overview
2023 Revenue
$7.2 million
EBITDA Margins
49%
2024 Projected
$9.4 million
Established
2015
001
Overview
Leading provider of electronic logging devices (ELDs), telematics system components and GPS tracking solutions for the transportation, agriculture and construction industries. Horizon designs and manufactures high-performing, reliable and cost-effective wireless hardware, associated software tools and an inventory management platform for system providers serving customers with high asset value fleets.
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Sec. 01 // Strong Brand
Overview
Sec. 01 // Strong Brand
High Quality and System Agnostic
Differentiation
Horizon provides high quality critical components for required fleet management activities, including hours of service reporting, and asset maintenance and management. Their products are designed to work within any management system platform and come with software development kits allowing system providers to easily capture data wirelessly (Android and iOS), real-time into their management system applications.
Sec. 02 // Strong Engineering
Sec. 02 // Strong Engineering
Product Line Expansion
Deep Expertise
The Company’s products are designed by in-house engineers and IT professionals with deep expertise in the ELD and telematics industry. With decades of experience, they have developed best-in-class products with varied capabilities to serve specific customers’ needs. A new product that combines ELD, telematics and two-sided camera functionality will be released in early 2025 with orders already placed.
Sec. 03 // Strategic Supply Chain
Sec. 03 // Strategic Supply Chain
Supply Chain Competitive Advantage
Cost-efficient Model
Horizon has an established, reliable, high quality off-shore manufacturing capacity that delivers products with minimal defects and on-time delivery. Their choice of components and a manufacturing and raw material capacity has built in flexibility creating a risk-mitigated supply chain.
Sec. 04 // Sales Strategy
Sec. 04 // Sales Strategy
Operational Efficiency
Strong Partnerships
Horizon sells their products to resellers that offer full fleet management systems to their clients. Customer support to Horizon’s direct clients (resellers) is minimal, allowing them to maintain a small team and efficient, profitable operating model. Horizon’s system agnostic product line and strong software development tools makes Horizon products a logical choice for necessary ELD and GPS components for fleet management system providers/resellers to create customized solutions for their customers. Horizon’s organic growth can be accelerated with the right partner and strategic investment in business development capacity to add additional resellers to their existing client base.
Sec. 05 // Management
Sec. 05 // Management
Manufacturing and IT Leadership
Seasoned Engineering
The company’s founder has over 25 years of executive leadership experience in the semiconductor and IT industries. The company has established itself as a trusted vendor partner, leveraging its technical capabilities, reliability, and customer-centric approach to build a loyal reseller base across multiple verticals. Other senior leaders also have extensive experience in product design, software development and supply chain management.
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Efficient Financial Model
Revenue Mix
Horizon enjoys healthy gross profit margins of 65% resulting from its strong supply chain and manufacturing strategy. SG&A expenses are also low given their channel strategy of selling through fleet management system providers, resulting in EBITDA margins of 45%.
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Interest & Inquiry
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