New Zealand's Trade Window rises on upbeat FY24 outlook

Trade Window Holdings

29/11/2023 03:14

** Shares of software firm Trade Window Holdings  TWL.NZ 
rise as much as 6.8% to NZ$0.235, their best day since July 25,
if current gains hold
    ** Stock hits highest level since Nov. 16 
    ** Co reiterates FY24 revenue forecast above FY23 reported
figure
    ** Expects to reduce monthly cash outflow to below
NZ$200,000 in the final quarter of the this FY
    ** Adds, monthly EBITDA likely to break even in H2 FY25
    ** Net post-tax loss widens in 1H24  
    ** Stock down ~63% this year, as of last close

 (Reporting by Sneha Kumar)
 ((Sneha.Kumar@thomsonreuters.com;))