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...

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