Gentrack expects better 2nd half after 1H loss

Fri, 29 May 2020

Gentrack said the coronavirus crisis is starting to bite its airport and utility customers but it still expects a better second half. The utility-software company today reported a 7 percent revenue decline to $50.6 million for the six months ended March 31. Gentrack said this was due to losing some UK customers as several energy-utility companies collapsed or consolidated. The company, which said covid-19 had little impact on its first-half results, posted a net loss of $12.8 million after impairing $10.7 million of goodwill in Blip and $...

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