Transport technology services company EROAD today released its quarterly update on unit sales numbers showing strong growth for the quarter and nine months ended December 2017.
Quarter to 31 December 2017
Total Contracted Units*
Total at Sep-17: 59,538
Total at Dec-17: 69,391
Units added in Quarter: 9,853
% growth in Quarter: 16.5%
Established Market (Australia/New Zealand)
Total at Sep-17: 49,802
Total at Dec-17: 54,579
Units added in Quarter: 4,777
% growth in Quarter: 9.6%
Commercial Market (US)
Total at Sep-17: 9,736
Total at Dec-17: 14,812
Units added in Quarter: 5,076
% growth in Quarter: 52.1%
Nine months to 31 December 2017
Total Contracted Units*
Total at Mar-17: 48,041
Total at Dec-17: 69,391
Units added in 9 months: 21,350
% growth 9 months: 44.4%
Established Market (Australia/New Zealand)
Total at Mar-17: 41,939
Total at Dec-17: 54,579
Units added in 9 months: 12,640
% growth 9 months: 30.1%
Commercial Market (US)
Total at Mar-17: 6,102
Total at Dec-17: 14,812
Units added in 9 months: 8,710
% growth 6 months: 142.7%
*Total Contracted Units is a non-GAAP measure used by EROAD which represents the total units subject to a customer contract and includes both units on Depot and units pending installation.
Total Contracted Units growth in the quarter of 9,853 units (39% up on EROAD’s previous quarterly record of 7,086) represents the single biggest growth in units for a quarter in EROAD’s history, and the third quarter in a row of record unit sales. The unit sales results were records in all markets.
Unit sales in the Established Market (ANZ) grew by 9.6% for the quarter or 4,777 units. This is marginally above EROAD’s previous record quarter’s sales of 4,773 for September 2017 and in the middle of the range of expectations for the quarter, as outlined on page 13 of the updated EROAD Investor presentation of 12 December 2017.
The Commercial Market (US) grew by 52.1% for the quarter or 5,076 units, which is 2,763 units more (119%) than the previous record quarter of 2,313 units for September 2017. This is also in the middle of the range of expectations for the quarter, as outlined on page 13 of the updated EROAD Investor presentation of 12 December 2017.
For further information:
Steven Newman
Chief Executive Officer
steven.newman@eroad.com
+64 9 927 4713