FinTechFunding

Harris Technology Group: Achieves record revenue in Q1 FY21

  • Harris Technology Group (HT8) has achieved the highest quarterly amounts of revenue and profit before tax in the September quarter
  • The record figures came in at $9.8 million in revenue and $835,000 of profit before tax
  • The revenue is solid as it marks a significant increase from the $2 million in Q1 Fy20 and the $6.8 million reported in Q4 FY20
  • Harris Technology is an online IT and consumer electronics business however, it did dive into the sanitizer craze due to COVID-19
  • At the end of the quarter, Harris had $3.34 million – an increase from the $1.19 million it started with
  • Company shares have dropped 9.38 percent and are trading for 14.5 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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