TZL
Director Trades
| Date | Director | Value |
|---|---|---|
| J. D’Angelo | $2,749 | |
| Antonino Schiavello | $1,494 | |
| Antonino Schiavello | $176 | |
| Antonino Schiavello | $469 |
Company News
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 […]
TZ Limited collars ‘pivotal’ software deal with multi-billion-dollar company Ricoh
As it continues to boost its bottom line, TZ Limited (ASX: TZL) has collared a “pivotal” software only deal with multi-billion-dollar company Ricoh. Under the agreement, Ricoh will use TZ’s cloud offering. The deal is expected to have a total contract value of $950,000 to TZ over a three-year term. TZ chief executive officer Mario […]
TZ Limited releases ‘significantly improved’ March quarter results
TZ Limited (ASX: TZL) has released its March quarterly (Q3 FY2022) report this week, which showed a “significant improvement” on the previous corresponding period’s revenue. The company achieved a monthly recurring revenue base (MRR) of $235,000 for Q3 FY2022. Net cash generated from operating activities spiked to $0.4 million this quarter – up on the […]
TZ Limited targets revenue growth and positive EBIT in 2022
TZ Limited (ASX: TZL) is continuing its rapid transition to positive earnings before interest and tax (EBIT) in 2022, with chairman Peter Graham saying the company will now provide monthly finance updates. At the company’s annual general meeting for 2021, Mr Graham said he was “confident the company is on track” to realise its new […]
TZ Limited posts 40% rise in US sales, tops up cash with $3.45m raising
After collaring $1.1 million in Australian contracts, TZ Limited (ASX: TZL) has noted a 40% increase in US sales and topped up its cash reserves with $3.45 million to extinguish debt and fund growth. The company revealed its sales in the US were up 40% to $7.75 million for the four months between 1 July […]
TZ Limited scoops $1 million-plus in new smart lock contracts
Smart technology developer TZ Limited (ASX: TZL) has secured more than $1 million in new contracts in Australia for its cloud-based locking technology. The company today revealed it has received the “first of many” purchase orders for the supply of electronics and software services for multinational energy company Chevron Corporation. The services relate to 2,800 […]
TZ Limited shifts focus to capitalise on broader cloud technology market, sets cash flow positive target
As its rapid turnaround continues, smart technology developer TZ Limited (ASX: TZL) has closed out the September quarter (Q1 FY2022) with “ambitious growth plans”, its order book already looking stronger, and a cash flow positive target in its sights. During Q1 FY2022, the company received cash inflows of $5.4 million to end the period with […]
