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Newswire
Gentrack expects better 2nd half after 1H loss
Gentrack said the coronavirus crisis is starting to bite its airport and utility customers but it still expects a better second half. The utility-software company today reported a 7 percent revenue decline to $50.6 million for the six months ended March 31. Gentrack said this...
Infrastructure
Rakon's board to discuss sell proposal later today
Rakon chair Bruce Irvine said the board will "consider the matters" raised in a letter from shareholders owning 14 percent asking that the company be put up for sale at a meeting later today.
Finance
Tower signals 108 job losses as looming recession threatens growth
Tower is considering laying off 108 staff as it battens down the hatches ahead of the looming recession. The general insurer reported a 12.9 percent drop in underlying earnings to $16.9 million in the six months ended March 31, due largely to the $4.9 million cost of the Timar...
Services
Pacific Edge still spending, but US diagnostics up
The cash burn continues at Pacific Edge, with a total of $14.8 million in cash in the bank at end of March, following $20.1 million of new capital raised just five months ago. Reporting a net loss of $18.9 million for the 12 months ended March 31, the Dunedin-based cancer diag...
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