GeoOp’s falling share price sparks concerns

Software company GeoOp [NZAX: GEO] has taken a battering on the sharemarket recently as investors recalibrate risk on growth companies, especially those that are yet to turn a profit.

This has led to some concerns that GeoOp may have ridden the “Xero wave” too far and that momentum has run out of steam. 

However, chief executive Leanne Graham says the company is focused on executing its plans, has enough cash and she is unconcerned at the declining share price.

 

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