TZ upgrades revenue guidance after run of significant contract wins

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.

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