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Eroad is exiting North America due to stalled growth and potential $150M asset write-down, shifting focus to New Zealand and Australia.
Eroad is shifting focus from North America to New Zealand and Australia, citing stalled growth and a potential $150 million impairment in its North American assets.
Despite an 8% revenue increase to nearly $96 million and strong performance in the eRUC market, the company lowered its annualized recurring revenue forecast for 2026 and issued conservative guidance due to tariff uncertainty.
John Scott was appointed Executive Chair, while co-CEO David Kenneson stepped down.
The company remains confident in its financial strength and long-term prospects amid global trends toward sustainable transport funding.
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Eroad está saliendo de América del Norte debido al estancamiento del crecimiento y a una posible depreciación de activos de $ 150 millones, cambiando el enfoque a Nueva Zelanda y Australia.