TradeWindow seeks more fuel as revenue rockets

TradeWindow chief executive AJ Smith says the company is investing for growth. (Image: Supplied)

Mon, 30 May 2022

Import-export software provider TradeWindow will need to raise an additional $10 million by September, as the company burns $1 million a month in cash to fuel its fast-growth strategy, the company says.In its first full financial year report since listing on the New Zealand Stock Exchange (NZX) last November, TradeWindow posted a 136% increase in trading revenue, up to $3.9m in the financial year to March 31, driven by three acquisitions over the period.It posted a net loss of $10.8m, as operational expenses were up 76% to $14.4m.The increased...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

Miraka ups milk price forecast – again

The Taupō-based firm is the fifth-largest processor in the country.

Riley Kennedy 3:15pm

Primary Sector

Biosecurity NZ confirms bird flu in second shed

Egg supplies are unaffected, says Biosecurity NZ.

Gregor Thompson 3:00pm

Biosecurity NZ confirms bird flu in second shed

Policy

Willis wants better answers on SolarZero

The NZ Green Investment Fund's decisions are under the microscope.

Pattrick Smellie 2:20pm

Willis wants better answers on SolarZero

Sponsored

Hybrid work is here to stay

Less commuting, more balance: Why flexible workspaces work.

Regus

Sponsored

Electric vehicles charge ahead for summer road trips as Z Energy boosts network

Expanded charger network makes long-range drives easier.

Z Energy

More Markets

Markets

Wellington airport hit by Air NZ network cuts

A reduction in government and corporate demand means Wellington will bear the brunt of Air New Zealand’s latest domestic network adjustments. The national carrier announced on Tuesday that it would make “minor changes to its domestic and regional schedule as part of its regular...

Staff reporters 1:40pm