Blis Technologies falls short of maiden net profit as sales growth slows

Sun, 07 May 2017

By Paul McBeth May 8 (BusinessDesk) - Blis Technologies missed guidance for a maiden annual profit, having already downgraded the earnings outlook in February, as sales growth slowed to 16 percent. The Dunedin-based company reported a net loss of $24,000 in the 12 months ended March 31, narrowing from a loss of $816,000 a year earlier. Blis had already warned the market in February that pre-tax profit wasn't going to meet the $700,000 forecast due to significant reductions in purchases by three major customers, but was still expecting to...

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