Brief: Serko Ltd Announces Launch Of A NZ$85 Mln Capital Raise

Serko

23/11/2021 20:10

Nov 24 (Reuters) - Serko Ltd  SKO.NZ :
    * ANNOUNCES LAUNCH OF A NZ$85 MILLION CAPITAL RAISE TO
CONTINUE TO
EXECUTE ON ITS GLOBAL GROWTH  STRATEGY
    * HY TOTAL OPERATING REVENUE INCREASED 81% TO NZ$9.2 MILLION
    * HY LOSS FROM CONTINUING OPERATIONS NZ$15.2 MILLION,
INCREASE OF
50%
    * ANTICIPATES FY REVENUE AND OTHER INCOME OF BETWEEN NZ$21
MILLION
AND NZ$25 MILLION
    * BELIEVE TARGET OF REACHING NZ$100 MILLION REVENUE IN
MID-TERM
REMAINS ACHIEVABLE
    * IN DISCUSSIONS TO ACTIVELY ESTABLISH GROWTH IN NORTH
AMERICA
    * AT LOWER END OF REVENUE RANGE AVERAGE MONTHLY CASH BURN IN
HY TO
31 MARCH 2022 EXPECTED TO AVERAGE CLOSE TO NZ$4.0 MILLION

Source text https://www.nzx.com/announcements/383428
Further company coverage:  SKO.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))