UPDATE: ERoad 1H loss in line with forecast, Oregon market may be bigger than first thought

Tue, 25 Nov 2014

(Updated with chief executive comment throughout) By Suze Metherell Nov. 25 (BusinessDesk) - ERoad says the Oregon market, where the logistics and fleet management software and hardware developer sees rapid revenue growth in the coming two years, may be as much as 50 percent bigger than first thought and the company is on track to meet its prospectus full-year forecasts after reporting a first-half loss. The Auckland-based company widened its first-half loss $1.9 million in the six months ended Sept. 30, from a loss of $448,264 a year...

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