Transportation technology services company EROAD Limited (NZX/ASX: ERD) has announced details of its upcoming Investor Day to be held on 21 March 2023 in Sydney, Australia.

The event will provide updates on the company's ongoing cost cutting program and refocusing of its Research & Development program, as well as updated FY23 guidance.

This includes narrowing revenue guidance to between $159m - $164m and normalised EBIT to between negative $3m and negative $6m.

The company has commenced a five-year agreement with new Enterprise client, Fonterra.

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