TZ Limited (AU:TZL) has released an update.
TZ Limited reported a third consecutive quarter of net positive earnings with a Q3 EBITDA of $73K, despite a slight downturn from the preceding quarter’s strong performance, citing delays in major US projects. The company remains on track to meet its annual targets with a focus on increasing its Annual Recurring Revenue, which currently stands at $4M, and expanding into the residential sector. Additionally, TZ Limited is shifting towards a more profitable model by licensing its proprietary security products and software services, while also making headway in the Southeast Asian market with new tenders.
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