GeoOP narrows annual underlying ebitda-loss, upbeat about 2019

Wed, 29 Aug 2018

By Rebecca Howard Aug. 29 (BusinessDesk) - GeoOp, the workforce management app developer, narrowed its full-year loss before interest, tax, depreciation and amortisation and expects strong revenue growth to continue this year. The Auckland-based company said the underlying ebitda loss was $1.9 million for the year to June 30 versus a $3.4 million loss in the prior year, due to reduced costs and material increases in annualised recurring revenue. Total revenue was $4.2 million, up from $4.1 million in the prior year. GeoOp reported a...

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