Plexure shares plunge on $8m loss

Chair Phil Norman and chief executive Craig Herbison at Plexure's ASX listing last year.

Thu, 20 May 2021

Plexure shares fell more than 10% at market open, after the company reported an $8 million loss as operating costs climbed even as the company struggles to hire new staff.Revenue from existing customers lifted 15% to $29.2m for the year ended March 31, but last year's $1m profit evaporated into a loss of $7.9m. The company attributed this loss to increased investment in people to help scale the business.Plexure did add 11 new staff members during the full year, but the team is actually smaller than it was at the time of the capital raise an...

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