Harris Technology Rides Wave of Refurbished Sales

Harris Technology Group Limited (AU:HT8) has released an update.

Harris Technology Group Limited reported stable performance in a challenging market, with Q4 FY24 sales reaching $3.57M and refurbished tech product sales exceeding $1 million in just 7 months. The company has maintained a solid cash position with $1.0M on hand and strong operational cash flow, negating the need for capital raising in the near future. Gross margins have consistently improved throughout FY24, driven by strong sales in refurbished and household product categories.

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