NZSE:ERDElectronic
EROAD (NZSE:ERD) Is Down 31.9% After Major North America Exit and Asset Impairment Pivot
Earlier today, EROAD announced a significant downgrade of its FY 2026 revenue guidance, the recognition of up to NZ$150 million in impairments on its North American intangible assets, and a renewed focus on its Australia and New Zealand operations, following the loss of a key North American customer.
This pivot comes as governments in the region move to expand road user charges to cover electric vehicles, creating new opportunities within EROAD's core markets.
We'll now examine how EROAD's...