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TZ Limited ( (AU:TZL) ) just unveiled an update.
TZ Limited has secured a third purchase order from Microsoft, totaling 390 units with an additional 60 units requested, bringing the total value to AUD$865,000. The company has also placed a bulk production order for 900 kits valued at AUD$1.75 million to meet Microsoft’s short-term demand. The acquisition of Keyvision Holdings has been completed, doubling the managed site portfolio with 29 new projects. Despite a 50% decline in the US market due to tariff disruptions, the company holds a backlog of A$2.5 million in orders. A major hardware refresh program is underway, expected to generate over A$1.2 million in revenue. The company forecasts FY2026 revenue of A$17 million, with a significant portion already committed.
More about TZ Limited
TZ Limited operates in the technology sector, focusing on providing electronic locking and smart access control solutions. The company has a strong market presence in the data center sector, particularly in Australia, and is expanding its product offerings and market reach through strategic acquisitions and partnerships.
Average Trading Volume: 173,236
Technical Sentiment Signal: Sell
Current Market Cap: A$13.47M
For a thorough assessment of TZL stock, go to TipRanks’ Stock Analysis page.