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Investment
4 mins to read
1

Eroad’s new US-based co-CEO hunting ‘new logo’ customers

Investment into North American sales support to broaden customer base outside food transportation sector.

Eroad’s co-CEOs Marke Heine and David Kenneson.

Will Mace Thu, 23 May 2024
Key points
  • Revenue: Up 4% to $182m, above guidance top end of $180m.
  • Loss: Narrowed from $3m to $346,000.
  • Main takeaway: Eroad is free cashflow positive, but still seeking further traction in North America.

Eroad is looking to expand its North American dealer network beyond its CoreTemp and Reefer products for refrigerated trucking and towards the company’s “in-cab” solutions, according to new co-CEO David Kenneson.

It was announced in March this year that the Pennsylvania-based

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Will Mace Thu, 23 May 2024
Contact the Writer: william@nbr.co.nz
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Eroad Software software as a service (SaaS) Transportation
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Shoeshine

Even more bumps in the Eroad
Key points
  • Revenue: Up 4% to $182m, above guidance top end of $180m.
  • Loss: Narrowed from $3m to $346,000.
  • Main takeaway: Eroad is free cashflow positive, but still seeking further traction in North America.
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

Ex-Eroad CEO Newman cashes in, but says shares still undervalued
Investment

Eroad ‘heading in the right direction’ says chair
Investment
4

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

Eroad board puts more skin in the game
Shoeshine

Even more bumps in the Eroad
Eroad’s new US-based co-CEO hunting ‘new logo’ customers
Investment,
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