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Harris Technology Group Limited (ASX:HT8)

ALERT: Price-sensitive ASX Announcement for HT8
Current share price for HT8 : $0.022 0.012 (120%)+
Announcement
Release
20 Apr 2026 4:35PM
Price at Release
$0.010
Full Release
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Summary
Harris Technology Group Limited reported its Quarterly Activities and Appendix 4C Cash Flow for the quarter ending 31 March 2026. During this period, the company achieved sales of $4.6 million, mainly driven by the refurbished tech division, which generated over $0.7 million in monthly sales. The company recorded a gross margin of 31.6% for the quarter and maintained a cash balance of $2.3 million with $1.3 million in undrawn financing facilities. Inventory levels increased to $3.7 million, reflecting strategic purchasing of pre-owned tech products for refurbishment. CEO Garrison Huang highlighted the increasing demand for refurbished tech products. The company is on track to return to profitability by the end of the financial year on 30 June 2026, compared to a loss the previous year. Operating cash flows remained positive with a breakeven position for the quarter, indicating strong cash management and cost control measures.
Key Points
  • Q3 FY26 sales of $4.6M
  • Breakeven operating cash flow for Q3 FY26
  • Positive operating cash flow of $0.7M for 9 months YTD
  • $2.3M cash on hand
  • $3.7M of inventory on hand
  • Refurbished tech division monthly sales exceed $0.7M
  • Gross margin of 31.6%
  • Likely return to profitability by 30 June 2026
  • Increased demand for refurbished tech products
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.