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Harris Technology Group Limited (ASX:HT8)

ALERT: Price-sensitive ASX Announcement for HT8
Current share price for HT8 : $0.023 0.014 (155.56%)+
Announcement
Release
27 Jan 2026 6:50PM
Price at Release
$0.009
Full Release
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Summary
Harris Technology Group Limited, a leading online retailer, reported a significant increase in sales revenue to $4.4 million for Q2 FY26, indicating a 16% growth from the last quarter. The company achieved a positive operating cash flow of $0.7 million, driven by strong performance in refurbished tech sales, which consistently exceeded $0.5 million monthly. The gross margin improved to 37.2% for H1 FY26, supported by strategic shifts towards high-margin products. By the end of December 2025, Harris Technology held $2.3 million in cash, with an additional $1.2 million available from its finance facility, while maintaining a $3 million inventory. Despite closing a $5 million facility with Marketlend, the company continued to focus on resource allocation to high-demand refurbished products.
Key Points
  • Harris Technology Group Limited reported sales revenue of $4.4 million for Q2 FY26, a 16% increase from the previous quarter.
  • The company generated a positive operating cash flow of $0.7 million in the December 2025 quarter.
  • Harris Technology's gross margin for H1 FY26 was 37.2%, an increase from previous periods.
  • The company held $2.3 million in cash and had $1.2 million available from its undrawn finance facility by the end of December 2025.
  • Refurbished tech sales consistently exceeded $0.5 million per month during Q2 FY26.
  • The company strategically shifted resources towards higher-margin refurbished tech products.
  • Harris Technology managed a $3 million inventory as of the end of December 2025.
  • The company did not renew a $5 million facility provided by Marketlend.
  • Payments to related parties amounted to $72,000 for the current quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.