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Hot Topic EARNINGS
Investment
5 mins to read

Eroad HY revenue up but North American unit growth stalls

Telematics company’s co-CEOs paint optimistic year ahead for US market growth.

Eroad has reported its half-year results.

Will Mace Mon, 25 Nov 2024
Key points
  • Revenue: up 8% to $95.9m
  • Loss: total loss rises slightly to $1.5m
  • Main takeaway: North American market remains tough but green shoots appearing for Eroad.

Eroad announced not only improved revenue and earnings in its half-year results, but also a decline in the net unit growth in its crucial North American market segment, as it seeks to focus on securing and expanding key enterprise customers.

Reporting its half-year results today, the NZX and

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Will Mace Mon, 25 Nov 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: up 8% to $95.9m
  • Loss: total loss rises slightly to $1.5m
  • Main takeaway: North American market remains tough but green shoots appearing for Eroad.
Eroad HY revenue up but North American unit growth stalls
Investment,
106865
true