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"Technology tiddler TZ, chaired by financier Mark Bouris, unveiled a $12m interim loss, partly due to a $4m goodwill writedown.
While group revenue climbed 18 per cent to more than $11m, only 10 per cent of that came from the company's key package asset delivery (PAD) business, which aims to become a leading supplier of secure and automated parcel lockers for commercial and residential markets.
TZ hopes its contract with Singapore Post will build some sales momentum as it had less than six months' worth of cash left in the bank at the end of December"