Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd faced a challenging FY24 with a significant revenue drop due to capital constraints and supply chain issues, but the company is optimistic about a turnaround. With a recent refinancing deal, cost-saving measures, and a strategic partnership with the Season Group, Traffic Technologies aims to capitalize on government infrastructure investments and expand into ‘Smart Cities’ technology. The company’s strong order book and long-term contracts position it well for a return to growth and profitability.
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