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Harris Technology Group Limited ( (AU:HT8) ) has issued an announcement.
Harris Technology Group Limited reported a successful quarter ending December 2024, with sales revenue of $3.6 million and a positive net operating cash flow of $183,000. Despite challenging retail conditions, the company saw growth in its refurbished tech products segment, which it plans to expand further. Harris Technology is shifting resources from its household category to focus more on the stronger-performing refurbished tech sector and niche M2C products, maintaining a solid cash position with $1.1 million on hand and $5.9 million undrawn in its finance facility.
More about Harris Technology Group Limited
Harris Technology Group Limited is a publicly listed company on the Australia Securities Exchange, specializing in eCommerce. It has a 30+ year history in the IT/CE retail market, providing a range of IT products to small and medium businesses in Australia. The company operates purely online through its website and major platforms like Amazon and eBay.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.98M
Find detailed analytics on HT8 stock on TipRanks’ Stock Analysis page.
