Last week, the Advisors at Emerald Financial recently released a Buy report on Harris Technology (ASX: HT8).
Key Highlights include:
- Continued tailwinds for the online retail sector through pandemic aftermath;
- Demand for tech products rising as working-from-home is maintained worldwide;
- H1 FY21 – $19.4m revenue – 365% pcp increase;
- H1 FY21 – $1m net profit after tax
- Sales momentum continued into Q3 with record $10.4m revenue, positive operating cash flow;
- Expansion of warehouse facilities has increased inventory by 200% in 6 months for optimised turnover;
- Number one ranked Amazon Australia tech retailer;
- Progression to replicate Amazon success in eBay;
- Upcoming revenue generators – Amazon Prime Day & EOFY season
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**HT8 has engaged Principal IR, which is a related entity to Emerald Financial, on retainer to assist with Investor Communications.
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