Pushpay widens 1H loss as it spends on product development, chases new sales

Thu, 13 Nov 2014

By Suze Metherell Nov. 14 (BusinessDesk) - Pushpay Holdings, the NZAX-listed mobile payment app developer, widened its loss in the first-half as it invested in new products and chased sales in its key US market. The Auckland and Redmond-based company widened its loss to $2.7 million in the six months ended Sept. 30, from $568,000 in the same period a year earlier, it said in a statement. Sales climbed to $1.6 million from $90,000, while operating expenses rose to $4.5 million, from $661,000. The mobile payment app developer has targete...

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