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Investment
2 mins to read

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
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Eroad Susan Paterson Mark Heine half year results Volaris Group
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Shoeshine

Even more bumps in the Eroad
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.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment
4

Eroad completes raise with 20m shares going to sub-underwriters
Investment
2

Eroad board puts more skin in the game
Hunter’s Corner
8

Eroad’s awkward $50m capital raise
Investment
8

Eroad’s 18.7% shareholder Volaris questions cap raise rationale
Investment
4

Eroad launches $50m capital raise
Shoeshine

Even more bumps in the Eroad
Eroad ‘heading in the right direction’ says chair
Investment,
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