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TradeWindow to cut staff by 40%, reports narrowed HY net loss

Trade-focused software company blames stalled nChain deal and investor 'reticence' for cash crunch.

TradeWindow CEO AJ Smith.

Will Mace Wed, 29 Nov 2023
Key points
  • Revenue: Up 25% to $3m

  • Net loss: $4.8m, 32% better than HY23

  • Main takeaway: Axing another 40% of employees in a cost cutting move designed to help reach earnings breakeven in the financial year ending March 2025.

Trade Window Holdings will reduce its number of employees by 40% to 48 in an effort to reach monthly earnings breakeven in its 2025 financial year.

The NZX-listed trade software company had previously said it would cut staff by a minimum of 50%, but has since secured $500,000 in new equity from its

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Key points
  • Revenue: Up 25% to $3m

  • Net loss: $4.8m, 32% better than HY23

  • Main takeaway: Axing another 40% of employees in a cost cutting move designed to help reach earnings breakeven in the financial year ending March 2025.

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TradeWindow to cut staff by 40%, reports narrowed HY net loss
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