SLI System reports smaller annual loss, more cash than forecast

Mon, 25 Aug 2014

By Suze Metherell Aug. 26 (BusinessDesk) - SLI Systems, the search engine software developer which debuted on the NZX last year, posted a smaller than forecast loss while keeping more cash on hand. The Christchurch-based company reported a loss of $5.7 million in the 12 months ended June 30, below the $7.2 million loss forecast in its offer documents in May last year, it said in a statement. Operating revenue was $22.1 million, about matching its forecast for $22.2 million, while cash reserves were $11.4 million, versus the $7.3 million...

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