Serko Limited (NZX:SKO) has released their unaudited financial results for the six month period ended 30 September 2022, showing total income of $19.4 million and segment revenue of $20.3 million, up 106% and 106% respectively.
Average revenue per booking was $7.85, up 54%, and total travel booking volumes increased 73%.
Completed room nights on Booking.com for Business also saw a significant increase of 432%.
EBITDAF was $16.9 million, up 44%, while net losses after tax rose 30% to $19.7 million.
Cash and short-term deposits are at $102.9 million with an average monthly cash burn of $3.6 million.
Serko is targeting a return to cashflow positive during FY25 and have affirmed their FY23 revenue guidance.
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