Harris Technology Group Limited (AU:HT8) has released an update.
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Harris Technology Group Limited reported Q3 FY24 sales of $4.5M, in line with expectations for the post-Christmas retail slump, and highlighted a growing success in the refurbished tech products market, a segment with higher margins and less competition. The company cited improvements in average gross margins and cash preservation strategies, with $1.0M cash on hand and significant untapped financing resources. CEO Garrison Huang expressed confidence in navigating the tough retail environment and sees potential growth in the refurbished tech space, supported by Harris Technology’s established online presence.
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