Eroad posts loss in half-year speedbump

Co-CEOs Mark Heine and David Kenneson outlined a renewed focus on winning enterprise-level customers with up- and cross-selling potential. (Image: Eroad)

Ben Moore

Mon, 25 Nov 2024

Eroad’s mid-year dip into net loss does not reflect the company’s overall growth, co-chief executive Mark Heine told BusinessDesk.The fleet monitoring technology company posted an $11 million loss for the six months to Sept 30, 2024, down from a net profit of $7.4m in the prior corresponding period.The dual NZX/ASX-listed company reported positive free cashflow of $100,000, compared with a prior period negative cashflow of $200,000.Revenue was up 8% to $95.9m, and earnings before interest taxes, depreciation and amortisation (ebitda...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}