Wynyard FY loss doubles as drive for growth pushes sales up 62%

Tue, 24 Feb 2015

By Paul McBeth Feb. 25 (BusinessDesk) - Wynyard Group, the security software firm, reported a near-doubling in its annual loss as its push for large global contracts helped boost revenue 62 percent in its first full year as a listed company. The net loss widened to $22.3 million, or 19 cents per share, in calendar 2014, more than twice the level forecast in its share float prospectus, although the result was in line with market expectations, owing to subsequent guidance from the company. The loss compares with a pro-forma $11.2 million...

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