Update: Strong pipeline and funding to execute
TZ has had a strong H115 with revenue up 131% y-o-y, primarily driven by the PAD division, which successfully rolled out 100 lockers for Singapore Post. IXP’s H1 performance was weaker than expected and down 20%y-o-y, but management attributes this to the timing of roll-outs rather than demand problems. PAD pipeline remains strong with multiple postal and corporate opportunities and the recently announced A$8m share issue provides much needed funding for working capital and balance sheet strength. Effective execution remains key to delivering shareholder return.
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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