Serko sees positive cashflow just around the corner as losses continue

CEO Darrin Grafton said Serko's strategy is on track so it won’t need to raise more capital. (Image: Serko)

Wed, 23 Nov 2022

Serko rebounded from the long travel restriction period with a 106% increase in total revenue for the half year to September.The travel and expense management technology company reported revenue $19.4 million in the six months ended Sept 30.Chief executive Darrin Grafton attributed the growth to the recovery of its core Australasian market, as well as an increase in bookings through its partnership with Booking.com.Serko was among tech companies that saw share prices plummet in the last year, with a drop to $2.50 per share from $7.84 at the sam...

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