UPDATE: SLI revenue growth to stall on customer losses, share drop

Thu, 05 May 2016

(Updates shares) By Jonathan Underhill May 6 (BusinessDesk) - SLI Systems shares fell to a two-month low after he online retail search engine developer said annual recurring revenue growth is likely to stall in its full-year after the loss of three customers. It doesn't expect to need to raise more capital as a result. The forecast for ARR, its preferred growth measure, for the year ending June 30 comes after the Christchurch-based company in February posted first-half ARR growth of 23 percent to $35.6 million and a 30 percent gain in...

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