Wynyard halves 2016 guidance after more than doubling first-half loss

Tue, 23 Aug 2016

By Sophie Boot Aug. 24 (BusinessDesk) - Wynyard Group, the intelligence software developer, more than doubled its first-half loss and halved its full-year guidance. The net loss widened to $36.3 million in the six months ended June 30, from $17.6 million a year earlier, the Auckland-based company said in a statement. Operating expenses rose 49 percent to $38 million as revenue increased 4.5 percent to $12.8 million. The company slashed its full-year earnings guidance to between $27 and $30 million from a previous range of $54 to $65 mi...

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