Update: Looking good but execution remains key
TZ’s revenue for Q315 almost doubled year-on-year to A$2.5m on the back of strong PAD performance. Although growth was impressive, stronger performance will be required in Q4 to meet management’s FY15 revenue guidance of A$18m-20m. The pipeline is healthy, with a A$3m order backlog, and Q4 is the strongest quarter so this is achievable provided some of the opportunities in the pipeline are converted and deployed by the year end.TZ is engaged in the development of devices and device systems that enable the commercialisation of hardware and software solutions for the management, control and monitoring of business assets and the provision of associated services through its subsidiaries. All of Co.'s operations are based in Australia, the U.S., and Singapore.
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