TradeWindow slashes staff and cash burn

TradeWindow slashes staff and cash burn
TradeWindow CEO AJ Smith.
Pattrick Smellie
Customs and freight forwarding software firm TradeWindow is moving to cut its cash burn from $1 million a month this financial year to below $200,000 a month as it battles adverse capital market conditions and a failed investment deal.The Auckland-based company announced it was slashing headcount by 40% to a total of 48, on top of earlier announced reductions that mainly affect its research and development activities.Directors and senior management are to take temporary salary reductions, with the company reporting strong growth in recurri...

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