TZ ORD
Improved margins expected as shipments of TZ Limited’s OPeL platform begin
Access control locker software systems provider TZ Limited (ASX: TZL) has cited a slowdown in US sales in the recent quarter as customers wait for the release of its new OPeL platform. As shipments of OPeL begin this month and sales volumes gradually increase, the company said its gross margins are expected to improve significantly. […]
TZ Limited on-track to grow monthly recurring revenue 50% in FY2023
Smart locker software technology developer, TZ Limited (ASX: TZL) has reiterated it remains on track to grow its monthly recurring revenue (MRR) by 50% this financial year ending June 2023 (FY2023). Chairman Peter Graham said FY2022 had been a “transitional year” for the company as it shifts from hardware-based to a recurring revenue model focused […]
TZ Limited posts 18% increase in monthly recurring revenue
TZ Limited (ASX: TZL) posted a 18% increase on its monthly recurring revenue (MRR) for the September quarter (Q1 FY2023), as it continues to entrench itself as a “world leading” software provider in the smart locker space. By the end of Q1 FY2023, TZ’s MRR had reached $308,000, which was an 18% rise on Q4 […]
TZ Limited’s new SaaS revenue model reaps rewards as adjusted EBITDA for FY2022 soars 831%
Smart locker and software technology company TZ Limited’s (ASX: TZL) annual report for the 2022 financial year (FY2022) is evidence of the company’s success in carving a new innovative revenue stream, with adjusted earnings before interest tax depreciation and amortisation (EBITDA) soaring 831% for the period. The company revealed today that adjusted EBITDA for FY2022 […]