TZ Limited (ASX: TZL) released its Annual Report – Appendix 4E on August 29, 2024, highlighting significant financial and operational performance improvements. The company reported adjusted EBITDA of AU$780,178, with average gross margin increasing from 39% to 50% year-over-year. TZ Limited’s annuity subscription revenue is approaching AU$4 million per annum. The company has implemented cost-cutting measures, reducing staff costs from AU$7.4 million to AU$4.4 million. Management’s efforts to streamline business processes and improve supplier relationships have yielded results. TZ Limited has initiated steps to resume significant growth in its US operations and is focusing on growing recurring revenue, particularly in the US market. The company is actively researching opportunities for diversified growth, aiming to acquire another SaaS revenue stream with cross-selling potential. The outlook for FY25 looks promising, with several initiatives underway to improve US operations’ performance.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
