GeoOp narrows full-year loss, meets guidance for post-InterfaceIT revenue

Mon, 29 Aug 2016

By Jonathan Underhill Aug. 30 (BusinessDesk) - GeoOp, the NZAX-listed management app developer, narrowed its full-year loss and met guidance for revenue, based on pro-forma numbers that assume the inclusion of InterfaceIT. The company plans to raise as much as $4 million to sustain it until profitability in 24-36 months. The loss was $2.7 million in the 12 months ended June 30, from a loss of $5.8 million in a 15-month period a year earlier, the Auckland-based company said. Sales rose to $1.9 million from $1.2 million. GeoOp bought Int...

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