ASX-listed 9 Spokes widens first-half loss, may need additional funds

Tue, 28 Nov 2017

By Rebecca Howard Nov. 28 (BusinessDesk) - ASX-listed 9 Spokes International reported a wider first-half net loss on higher expenses and said it may need to raise additional funds in the next 12 months to meet an ongoing shortfall. The stock fell 9.9 percent to 8.2 Australian cents after 9 Spokes said its net loss increased to $10.6 million, or 2 cents per share, in the six months to Sept. 30 versus a net loss of $6.7 million, or 2 cents, a year earlier. Still, revenue soared to $2.3 million from $3,000 in the six months to September 201...

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