Wynyard beats 2013 sales forecast, posts wider loss on increased investment, IPO costs

Mon, 24 Feb 2014

Feb. 24 (BusinessDesk) - Wynyard Group, the intelligence software developer, just beat its forecast annual sales by attracting customers to its suite of services, while posting a bigger loss than expected a because of investments and listing costs. The Auckland-based company posted a pro-forma loss of $11.2 million in calendar 2013, from a loss of $3.7 million a year earlier. That was ahead of the $10.1 million shortfall forecast in its June prospectus. Revenue more than doubled to $21.7 million, just ahead of the forecast $21.5 million, with...

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