Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd reports a solid order book with long-term contracts and a robust outlook, despite revenue challenges due to capital constraints. The company continues to see cost savings from its consolidation efforts and has secured shareholder approval for debt refinancing to enhance its working capital. Investment in its Smart City software is set to drive future growth.
For further insights into AU:TTI stock, check out TipRanks’ Stock Analysis page.