Lateral posts 1H loss of $634K after August listing, still raising capital

Fri, 12 Dec 2014

By Paul McBeth Dec. 12 (BusinessDesk) - Lateral Corp, the mobile technology developer, posted a first-half loss in its first earnings result since listing on the NZX Alternative Index in August, and has launched a capital raising programe to fund customer acquisition across the UK, Australia and the US. The Auckland-based company reported a loss of $633,600 in the six months ended Sept. 30, on revenue of $152,100, it said in a statement. The company increased its Australian subscriber numbers to more than 3,000 in recent months from 700....

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