TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Saferoads Holdings Limited ( (AU:SRH) ) has issued an announcement.
Saferoads Holdings Limited reported encouraging sales figures for the quarter, with product sales totaling $3,418k, including a significant contribution from On-site Rentals. The company anticipates similar profit levels in the next quarter but faces uncertainties regarding market share gains and future orders from OSR. Operating cash flow was negative due to increased inventory levels, which were adjusted following a previous sale. The company is expanding its sales team and is engaged in a research and development project that could diversify and strengthen market demand for its HV2 barrier product.
More about Saferoads Holdings Limited
Saferoads Holdings Limited operates in the road safety industry, focusing on products and services that enhance road safety. The company is involved in the sale of road safety products and has a market focus that includes both direct sales and partnerships with entities like On-site Rentals.
Average Trading Volume: 22,715
Technical Sentiment Signal: Buy
Current Market Cap: A$5.9M
Find detailed analytics on SRH stock on TipRanks’ Stock Analysis page.