Eroad’s cost cutting supports reduction in FY cash outflow
Telematics provider has reaffirmed its goal of being free cashflow neutral by FY25, and positive the year after.
Eroad's products help transportation companies track their assets.
Eroad’s journey to its target of free cash flow (FCF) neutrality by FY25 hit another waypoint today as the company disclosed a reduction in its FCF outflow from $45.1 million last year to $29.9m in FY23.
That included a halving of the outflow between the first and second halves of the financial
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