Eroad execs pushed on cash burn, job cuts
The company has cut 10% of staff and initiated a strategic review with McKinsey.
Eroad shares were unchanged at $1.20 today, but have fallen 77% in the past year.
The management of dual-listed trucking telematics company Eroad does not expect to be cashflow positive until after the 2024 financial year, despite cutting about 40 roles as it looks to reduce its cost base and run more efficiently.
The company today reported a big jump in revenue for the six
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