GeoOp widens annual loss as it chases US customers

Wed, 10 Jun 2015

June 11 (BusinessDesk) - GeoOp, the workforce management app, widened its annual loss as it invests in product development and adding new customers. Its loss widened to $4.87 million, or 17.9 cents per share, in the 12 months ended March 31, from a loss of $4.59 million, or 23.9 cps, the year earlier, the Auckland-based company said in a statement. Revenue more than doubled to $1.28 million from $488,000 a year earlier, while expenses increased 21 percent to $6.15 million. GeoOp is foregoing profits and dividends as it invests in product...

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