GEO (NZX.GEO) today announced its financial results for the first half of the 2023 financial year, revealing a 3.3% decrease in revenue compared to the prior corresponding period (PCP) due to a soft Q2.
Expenses have increased 57% on PCP as the company completed an 18-month investment program, and the Board has confidence in the outlook for the calendar year end with expectations of minimum MRR of $385k and a year-end cash balance of ~$1.2m.
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