SLI Systems posts smaller FY loss than prospectus forecast, improves customer retention rate

Tue, 27 Aug 2013

By Paul McBeth Aug. 28 (BusinessDesk) - SLI Systems, the search engine software developer, posted a slightly smaller annual loss than forecast in its May offer document as it sees signs of life in new Japanese and Brazilian markets, and kept more customers on its books than expected. The Christchurch-based company made a net loss of $2.01 million in the 12 months ended June 30, smaller than the forecast $2.15 million in its prospectus, it said in a statement. SLI Systems raised $27 million in a public offer and from existing investors when i...

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