CORRECT: SLI first-half loss more than doubles on strong kiwi, major customer loss

Thu, 23 Feb 2017

(Fixes annual recurring revenue figure in 2nd paragraph) By Sophie Boot Feb. 23 (BusinessDesk) - SLI Systems more than doubled its first-half loss as a strong New Zealand dollar and the loss of three major customers at the end of the 2016 financial year continued to weigh on earnings. The Christchurch-based e-commerce software seller's net loss widened to $1.28 million in the six months ended Dec. 31, from $502,000 a year earlier, as revenue declined 12 percent to $15.7 million. Its preferred measure of growth, annualised recurring rev...

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