TZ Limited Placement - Wholesale Opportunity
This Offer Is Now Closed
Placement Details
Last Traded Price*
$0.17c
Offer Price
$0.12c
Reach Wholesale 708 investors have the opportunity to participate in the placement. *The placement offer price represents a discount of 29.5% per share to the Company’s last traded price of $0.17 on 23rd April 2021.
TZ Limited is now in a good position to address the final piece of our turnaround plan – and that is to restructure the balance sheet and address the level of debt that we have. I see TZ Limited with tremendous potential, we have truly world-class technology and a large global installed client base of the world’s best-known brands. We have solutions that can be deployed into new, exciting and high growth market segments, including click & collect, access control and last mile solutions. And we now have the team, the sales model and the wherewithal to capitalise and deliver on the huge opportunities in front of TZ Limited.
Scott Beeton, CEO
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Company Overview
TZ Limited is an Australian IoT business that is a global player solving the problem of last mile delivery, with an A-list client base including companies like Apple, Microsoft, Google, and Westpac. The company’s IoT services and solutions are designed to revolutionise self-serve locker banks, access control and smart locks around the globe – creating better, cheaper, and more convenient solutions that are disrupting the industry.
Investment Highlights
- The placement offer price of $0.12 per share representing a discount of 29.5% on the last traded price on 23rd April 2021.
- Revenue has grown during the company’s restructure, and the new systems introduced allow the company to substantially expand revenue utilising the new robust management platform
- Strong 115% improvement in EBITDA, up to $0.2 million
- Australia/New Zealand and US sales pipeline growth of over 200%
- Annual recurring revenue (ARR) is > $2m with a major focus on growing this part of the business
- The turnaround strategy has led to the company seeing a maiden profit and significant recurring revenue growth
Webcast Replay
Company Presentation
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By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Markets are the advisers assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors.