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Traffic Technologies locks in future earnings with intelligent traffic control contract wins – Small Caps

November 18, 2021

Traffic Technologies (ASX: TTI) managing director Con Liosatos joins Small Caps to discuss the strong financial results achieved by the company in the last year.

The company is regarded as Australia’s foremost provider of hardware and software solutions for smart city, Internet of Things (IoT) and end-to-end traffic management systems. Demand for its products and services increased in the last 12 months resulting in a 222% improvement in EBITDA to $4.5 million.

New long-term contracts are expected to feed the group’s earnings base in future years. These include the most recent contract awarded to its iTS business to supply Coates with a range of intelligent traffic control equipment including electronic signs, radar equipment and software.

Traffic Technologies also plans to close a $10.3 million rights issue to repay debt and fund strategic acquisitions at the end of November.

Watch the full interview below.

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