News

EROAD continues to grow, despite difficult macro-economic conditions

EROAD delivered a 19% increase in Revenue and 29% improvement in EBITDA period-on-period. In a period of extreme uncertainty and operating restrictions across our markets, the continued growth in contracted units, stable SaaS Average Revenue Per Unit and asset retention rate is reflective of EROAD’s strong customer value proposition. Read more »

EROAD Successfully Completes Placement

Transportation technology business EROAD Limited (NZX/ASX: ERD) today announces it has successfully raised approximately NZ$42 million through its placement announced on 17 September 2020 at a price of NZ$3.90 per share (AU$3.59 per share), representing a 10.3% discount to the last close price on the NZX on 14 September 2020 of NZ$4.35; and 9.0% discount to the ten-day volume weighted average price on the NZX of NZ$4.29. Read more »

EROAD to raise capital of NZ$50 million, in conjunction with its ASX listing

Transportation technology business EROAD Limited (NZX/ASX: ERD) (EROAD) today announces it has been admitted onto the Australian Stock Exchange (ASX) on the evening of 16 September and is seeking to raise NZ$50 million through a NZ$42 million fully underwritten placement of shares (“Placement”) and a NZ$8 million share purchase plan (“SPP”). Read more »

EROAD CTO moving on

EROAD CTO Jarred Clayton has advised he has been approached by marine technology company Navico to join as its global CTO and will be moving on from EROAD after nearly 12 years. Read more »

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