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TZ Limited ( (AU:TZL) ) just unveiled an update.
TZ Limited has successfully raised A$750,000 through a placement to existing major shareholders, exceeding its initial target due to strong support. The funds will support accelerated delivery schedules for Microsoft data centre contracts, which have significantly increased the company’s data centre security revenue. Additionally, TZ is addressing a debt repayment of A$2.75 million and is exploring refinancing options to strengthen its balance sheet. The company is also engaged in strategic discussions regarding its US subsidiary, Telezygology Inc., with potential to increase its annual recurring revenue through new sector engagements.
The most recent analyst rating on (AU:TZL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on TZ Limited stock, see the AU:TZL Stock Forecast page.
More about TZ Limited
TZ Limited is a global provider specializing in smart locking solutions, data centre security products, and tenant experience software platforms. The company operates across three verticals: Smart Locking & Access Control, Data Centre Security, and Tenant App & Smart Building Platforms, offering enterprise locking, asset protection, and digital tenant engagement solutions. These platforms provide a diversified revenue base and exposure to critical infrastructure and smart building markets globally.
Average Trading Volume: 120,305
Technical Sentiment Signal: Sell
Current Market Cap: A$11.31M
See more data about TZL stock on TipRanks’ Stock Analysis page.