UPDATE: Shares of SLI jump 15% on 1H revenue increase, slowing cash burn

Mon, 23 Feb 2015

(Updates with share price, investor comment, CEO comment throughout) By Suze Metherell Feb. 24 (BusinessDesk) - Shares of SLI Systems climbed 15 percent after the e-commerce search engine developer boosted its operating earnings 34 percent and said it had enough cash on hand for current growth plans. The Christchurch-based company reported a 34 percent gain in annualised recurring revenue, its preferred financial measure based on forward subscription revenue, to $28.9 million as at Dec. 31. Updating the market on its first-half perform...

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