For the full year ended 31 March 2020, EROAD Limited (NZX:ERD) reported total revenue of $81.2 million, up by 32% from the prior financial year. Future Contracted Income increased by 14 per cent to $134.4 million from $117.4 million and Average SaaS Monthly Revenue per Unit (ARPU) improved to $58.38 per month from $55.08.
Other key highlights:
- Growth of 21 per cent in Total Contracted Units and 6 per cent in Average SaaS Monthly Revenue per Unit demonstrate continued execution against strategy;
- ERD reported profit before tax of $1.4 million, up from a loss of $5.1 million in the prior year.