Powerhouse haemorrhages as loss widens more than 1000%
The Christchurch-based technology incubator's interim report shows revenue was down 127% in the six months to December 31 to -$913,000.
Calida Smylie Mon, 05 Mar 2018
Powerhouse Ventures continues its plunge into the red, with revenue and profit down as its portfolio companies lose value.
The Christchurch-based technology incubator’s interim report shows revenue was down 127% in the six months to December 31 to -$913,000, from $3.4 million in the same period