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Eroad ‘heading in the right direction’ says chair

Trucking software company reports improving cashflow trajectory but bottom line still negative at half-year result.

Eroad chair Susan Paterson.

NBR Staff Wed, 29 Nov 2023
Key points
  • Revenue: Up 4% to $88.9m
  • Net loss: $1.2m, down from a profit of $0.6m pcp
  • Main takeaway: Cashflow trajectory improving to free cashflow positive in 2026, management says.

Trucking software provider Eroad says it is heading towards positive cashflow in the 2026 financial year after reporting improved revenue and operating profit for the half year to September.

“The half-year financial results show that Eroad is heading in the right direction,” said chair Susan

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NBR Staff Wed, 29 Nov 2023
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Up 4% to $88.9m
  • Net loss: $1.2m, down from a profit of $0.6m pcp
  • Main takeaway: Cashflow trajectory improving to free cashflow positive in 2026, management says.
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Eroad ‘heading in the right direction’ says chair
Investment,
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