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EROAD Limited — Capital/Financing Update 2017
Jan 5, 2017
66188_rns_2017-01-05_a0ef3020-3c98-49c8-ade1-819555551b41.pdf
Capital/Financing Update
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Auckland, New Zealand
5 January 2017
Market update EROAD
EROAD Limited (NZX: ERD) advises its Total Contracted Units for the nine months ended 31 December 2016 are as follows:
| are as follows: | ||||
|---|---|---|---|---|
| Units | % | |||
| Total at | Total at | added in | growth in | |
| Mar-16 | Dec-16 | 9 months | 9 months | |
| Total Contracted Units* | 36,953 | 45,657 | 8,704 | 24% |
| Established Market (Australia/New Zealand) | 32,452 | 39,964 | 7,512 | 23% |
| Commercial Market (US) | 4,501 | 5,693 | 1,192 | 26% |
*Total Contracted Units is a non GAAP-measure used by EROAD which represents the total units subject to a customer contract and includes both Units on Depot and units pending installment.
In order to provide investors with more regular guidance as to its operational performance, EROAD now publishes its Total Contracted Units on a quarterly basis. Total Contracted Units to 31 December 2016 are broadly in line with EROAD’s expectations.
Contact: Steven Newman, CEO on +64 9 927 4713 | [email protected]
About EROAD
EROAD is a leading transport technology and services company, headquartered in Auckland, New Zealand, with offices in Portland, Oregon. EROAD’s in-vehicle technology and global electronic platform provides heavy transport operators with automated solutions to manage and pay road user charges, to meet regulatory and compliance obligations, and to provide a range of commercial services. www.eroad.com
TEL +64 9 927 4700 FAX +64 9 927 4701 FREE 0800 4-EROAD
PO Box 305 394 Triton Plaza, North Shore 0757 Auckland, New Zealand
Page 1 eroad.co.nz