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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

TradeWindow's cost-cutting, revenue rise helps to narrow FY loss

Software company has cut headcount by 58% and vacated its Takapuna office as it focuses on core products.

Will Mace Thu, 30 May 2024
Key points
  • Revenue: Up 21% to $6.2m.
  • Loss: Narrowed by 18% to $8m.
  • Key takeaway: After a year characterised by a failed capital raise via nChain, the company has successfully retrenched to stay alive.

Trade Window Holdings has narrowed its annual net after tax loss by 18%, thanks partly to a cost reduction exercise that’s seen staff numbers more than halved, the lease on its office overlooking Takapuna Beach exited, and software development jobs shifted to the Philippines.

In announcing its

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Will Mace Thu, 30 May 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: Up 21% to $6.2m.
  • Loss: Narrowed by 18% to $8m.
  • Key takeaway: After a year characterised by a failed capital raise via nChain, the company has successfully retrenched to stay alive.
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TradeWindow's cost-cutting, revenue rise helps to narrow FY loss
Investment,
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