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The latest announcement is out from Saferoads Holdings Limited ( (AU:SRH) ).
Saferoads Holdings Limited reported second-quarter sales of $3.489 million, marginally higher than the first quarter, with operating cash flow improving significantly to $4.828 million and first-half net profit reaching about $511,000, supported by strong sales to key customer On-site Rentals that have now exceeded OSR’s initial purchase commitment. Management cautioned that current profit levels may not be sustainable due to uncertainty around winning additional market share and the future volume of orders from OSR, even as costs remain tightly controlled aside from investment in an expanded senior sales team, and the company advances its growth strategy through successful crash testing of its HV2 barrier in a pinned format and other R&D initiatives aimed at broadening its product range.
The most recent analyst rating on (AU:SRH) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Saferoads Holdings Limited stock, see the AU:SRH Stock Forecast page.
More about Saferoads Holdings Limited
Saferoads Holdings Limited operates in the road safety and traffic management sector, supplying safety barriers and related products, with a focus on developing and marketing proprietary barrier systems such as its HV2 barrier to infrastructure and rental customers including On-site Rentals (OSR).
Average Trading Volume: 30,563
Technical Sentiment Signal: Buy
Current Market Cap: A$4.37M
For a thorough assessment of SRH stock, go to TipRanks’ Stock Analysis page.