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).