TZL’s revenue upgrade is the result of its focus to drive its recurring revenue business model.
Smart locker and IoT devices company TZ Limited (ASX:TZL) has upgraded its outlook guidance for FY22 after a series of contract wins recently, on the back of a more positive economic outlook.
As a result of the new contract wins, TZ’s recurring revenue base for FY22 is now expected to come in at approximately $3 million, a 16 per cent increase from the previous guidance of $2.5 million.
