SLI Systems curbs FY loss, regroups as recurring revenues fall

Wed, 24 Aug 2016

By Pattrick Smellie Aug. 25 (BusinessDesk) - E-commerce software seller SLI Systems narrowed its annual loss, reflecting cost containment during a restructuring following the loss of three major customers. The Christchurch-based company posted a $162,000 loss for the year to June 30, from a $7.55 million loss in the previous year, it said in a statement. Revenue increased to $35 million from $28.1 million, but the key metric for the company's future success - annualised recurring revenues - fell to $31.2 million from $34.6 million after t...

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