Trade Window Holdings has narrowed its annual net loss after tax by 18%, from $9.8 million to $8m, after a year in which it undertook a “necessary and deep reorganisation” to preserve capital.
The NZX-listed trade-focused software company booked trading revenue of $6.2m for the 12 months to the end of March, up 21% on “strong customer retention and increased usage by existing customers”.
Gross margin improved eight percentage points, total operating expenses dropped 23%, and its earnings loss narrowed from $11.7m to $6.6m.
The company ended the financial year with $200,000 in cash, but had undertaken a $2.2m capital raise since then.
It reaffirmed guidance that it would reach revenue of between $7.3m and $8.3m, and monthly earnings breakeven, by March 2025.