Xero reports positive free cash flow for 2019, loses $27.1M

Wed, 15 May 2019

By Jenny Ruth May 16 (BusinessDesk) - Accounting software company Xero widened its annual loss while growing operating revenue 36 percent and subscriber numbers by 31 percent. Xero reported a $27.1 million net loss for the 12 months ended March, up from the previous year’s $24.9 million loss, but said it made a profit of $1.4 million in the second half. It also had positive free cash inflow for the first time of $6.45 million, 1.2 percent of revenue, in the year compared with a $28.5 million outflow the previous year. “A number of f...

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