VMob widens annual loss as sales surge on global customers

Thu, 11 Jun 2015

By Suze Metherell June 12 (BusinessDesk) - VMob, the NZAX-listed mobile voucher developer, widened its annual loss as it forgoes profit and chases sales growth through key global customers. The Auckland-based company widened its loss to $4.4 million, or 8.5 cents per share, in the 12 months ended March 31, from a previous loss of $2 million, or 5.5 cps, it said in a statement. Revenue for the company skyrocketed to $2.3 million from $385,000 a year earlier, meanwhile its annualised committed monthly revenue, a key metric for software as a...

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