Eroad is hoping for more infrastrure spending under the Biden administration, and a rollback of Trump's moves against climate controls. The company sells various tracking services associated with its tracking hardware on monthly subscriptions. Source / Eroad NZX filingThe recessionary effect of the coronavirus was offset but a jump in online purchasing and thus deliveries, plus the need for tighter cost-controls implemented via tracking technology such as Eroad's. Eroad did not offer any forecast numbers today, but Newman did say that his company expects revenue in the second-half to be stronger than the first. Regardless, Newman says Eroad's organic growth and recent profit-raise mean it can continue to expand in the US and other markets regardless.

Source: New Zealand Herald November 25, 2020 23:21 UTC