SLI System reports net loss, as expansion costs rise faster than sales; Shares drop

Wed, 26 Feb 2014

By Suze Metherell Feb 26 (BusinessDesk) - SLI Systems, the retail search engine software company, turned to a loss of $2.3 million in the first-half, as a 12 percent gain in sales was offset by a 53 percent increase in operating costs. The company’s shares fell 5.4 percent. Total revenue and other income was $10.7 million for the six months ended Dec 31, the Christchurch-based company said in a statement. It did not provide any pro forma numbers but figures from its May prospectus show revenue in the six months ended Dec. 31, 2012, at $9.6 mi...

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