Advanced Braking Technology (ASX:ABV) sees Q3 FY24 sales growth, readies Toyota Hilux brake system launch

Advanced Braking Technology logged a 12.5% year-over-year growth in product sales for the third quarter of FY24 to $3.6 million, with a gross margin of 51.7%.

Operating cash flow hit $638,000, closing cash at $2.5 million, up $672,000 from the prior quarter.

Year-to-date net profit after tax came in at $1.2 million, down 6% year on year.

The company is gearing up for its FY25 launch of the failsafe sealed integrated brake system for the Toyota Hilux.