Kiwi tech company Endace posts US$97.4 mln 2015 loss; new owners gain contracts

Fri, 19 Aug 2016

By Fiona Rotherham Aug. 19 (BusinessDesk) - Endace, which makes high-speed network monitoring and recording technology, reported a loss of US$97.4 million for the June 2015 year and negative operating cash flows of US$5.5 million though it has since undergone a management-led buyout from its former American owner and gained new contracts. Financial results recently filed with the NZ Companies Office show the company operating as a going concern, an accounting term that means despite being loss-making, it has the funds to carry on in busin...

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