Loss narrowed 54.1% as subscription mix lifted gross margin to 80.2%
Platform subscription revenue grew ~33% and gross margin expanded 1,099bps, but operating cash flow swung to NZ$-3.4m and inventory days jumped
Published 29 May 2026
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Platform subscription revenue grew ~33% and gross margin expanded 1,099bps, but operating cash flow swung to NZ$-3.4m and inventory days jumped
Published 29 May 2026
Read briefingPlatform subscription revenue grew 35% to NZ$8.8m and now represents 69% of revenue, but transaction revenue fell 32% and cash burn widened, so loss
Published 18 May 2026
Read briefingStrong subscription growth and an 800bps gross margin expansion to 67% haven't stopped the pre-tax loss deepening to NZ$7.1m as operating costs
Published 18 May 2026
Read briefingA sharp drop in high-volume transaction revenue more than offset 21% subscription growth, driving PBT to NZ$-15.0m and cash to NZ$10.2m.
Published 18 May 2026
Read briefingA 60% drop in transaction revenue overwhelmed 24% subscription growth, burning $15.2m of cash and stretching receivable days to 105.
Published 28 April 2026
Read briefingRecurring sources delivered ~90% of revenue at 53% gross margin, yet pre-lease FCF burn of -$7.6m cut cash to $18.0m with no debt at year end.
Published 23 April 2026
Read briefingOperating cash flow turned positive, but a 974bps gross margin step-down and a NZ$1.7m free cash outflow temper the read.
Published 23 April 2026
Read briefingEquity lifted 85.9% to $39.9m and capex more than doubled to $1.8m, but the supplied prior comparable is FY21 full year, distorting headline changes.
Published 23 April 2026
Read briefingGross margin improved 400bps to 71% on richer recurring mix, but an equity raise — not operations — rebuilt the cash balance.
Published 23 April 2026
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