Company news: TZ Limited
TZ Limited held their AGM this week. The company reiterated the strong start it has had to this financial year, with $7.6m of revenue in Q1 (vs $20.8m total in FY-16), and a gross margin of 40% (vs 30% in FY-16). New opportunities for their smart lock were identified, including in retailing (e.g. jewelry cabinets), the expansion from postal lockers to mailboxes, and in healthcare (e.g. medicine cabinets).