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TradeWindow seeks more fuel as revenue rockets

Ben Moore
Mon, 30 May 2022

TradeWindow seeks more fuel as revenue rockets
TradeWindow chief executive AJ Smith says the company is investing for growth. (Image: Supplied)
Ben Moore
Mon, 30 May 2022
Import-export software provider TradeWindow will need to raise an additional $10 million by September, as the company burns $1 million a month in cash to fuel its fast-growth strategy, the company says.In its first full financial year report since listing on the New Zealand Stock Exchange (NZX) last November, TradeWindow posted a 136% increase in trading revenue, up to $3.9m in the financial year to March 31, driven by three acquisitions over the period.It posted a net loss of $10.8m, as operational expenses were up 76% to $14.4m.The increased...

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