Revenue doubled to NZ$20.7m but PBT loss tripled to NZ$45.2m
A second-half slowdown and NZ$37.0m operating cash burn were absorbed by a capital raise that roughly doubled the cash balance.
Published 22 April 2026
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Showing 25-33 of 33 published briefings.
A second-half slowdown and NZ$37.0m operating cash burn were absorbed by a capital raise that roughly doubled the cash balance.
Published 22 April 2026
Read briefingTop-line momentum and a large equity injection have rebuilt the runway, but the business still burns operating cash and FY22 reported growth is...
Published 22 April 2026
Read briefingA pre-revenue shell funded by NZD 379.9m of related-party advances flags an RTO proposal while cash falls to NZD 8.0m.
Published 22 April 2026
Read briefingDeeper cash-operating losses sit alongside a narrower headline outcome as FY20's heavier non-cash charges drop out of the comparison.
Published 22 April 2026
Read briefingA 131.9% revenue rebound is outpaced by cost expansion into Northern markets, with losses and cash outflows widening despite a fortified balance...
Published 22 April 2026
Read briefingRecurring revenue growth restored group EBITDA, yet a 54-day stretch in receivable days drained the cash buffer by $37.9m year-on-year.
Published 23 April 2026
Read briefingAn equity raise lifted cash to $11.3m and left IKE debt-free, buying runway while gross margin compressed 690bps and receivable days blew out.
Published 22 April 2026
Read briefingCash built to $67.1m via financing, but trade receivables rose 34% on falling sales and all four segments printed negative EBITDA.
Published 23 April 2026
Read briefingTop-line growth continued but profit, cash conversion and the net cash buffer all weakened, while the final dividend was held flat at 2.1 cents.
Published 23 April 2026
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