Eroad reports big change in fortune for FY2024

Eroad co-chief executives Mark Heine and David Kenneson. (Image: Supplied)

Thu, 23 May 2024

Truck tracking software company Eroad almost broke even for the 2024 financial year, reporting a net loss of $300,000 compared with a $3 million loss in 2023.The company met or exceeded guidance on all measures, with revenue rising 10.1% to $182m in the year to March 31, while earnings before interest and tax (ebit) came to $800,000, compared with negative $7.9m in the previous corresponding period.Adjusted for 4G hardware upgrade costs, “normalised” ebit increased to $4.4m from negative $4.5m in the previous year.Eroad, which serve...

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