Traffic Technologies Ltd (AU:TTI) has released an update.
Traffic Technologies Ltd reports a resilient financial quarter with a net operating cash inflow of $1.0 million and significant debt repayments, despite a 39% revenue downturn from the previous year due to supply chain and government delays. The company remains optimistic with a strong, long-term order book, ongoing cost reduction measures expected to save $2.5 million annually, and expansion into smart city infrastructure. A share placement and a Share Purchase Plan have been launched to support working capital and production reorganization.
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