Investment Matters

Company news: TZ Limited

TZ Limited released its June quarter update.  Revenue (unaudited) for the quarter was $7.7m, taking revenue for FY-16 to $21m.  This represents revenue growth of 38% yoy.  Pleasingly, operating cash flow was positive for the second quarter in a row at +$0.5m.  P&L profit is the next step we look forward to, as the sales growth, and associated revenue growth, continues.

Operationally, a backlog of orders in the last quarter bodes well for FY-17, with $10m of purchase orders and product pending shipments.  The company has won a number of new contracts, and has a number of opportunities (for example expanding the Ricoh relationship from the US into Europe and Asia, and residential applications in the US).