Serko sees positive cashflow just around the corner as losses continue

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)
Ben Moore
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...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025