Loss-making software company Serko has upgraded its revenue guidance for the March 2023 year thanks to stronger-than-expected trading over December and January.
Serko said it expected the strong start to the calendar year to continue in the current quarter and upgraded its revenue guidance for the full year to a range of $42m to $47m, up 123 to 149 per cent on the previous year’s total income of $18.9m.
“Solid trading results over the traditionally seasonally low period, from late December through to mid-January, have given greater certainty over expected revenue for the full 2023 year,” the NZX-listed company said.
Serko is a software-as-a-service technology business, providing online travel booking software solutions and expense management systems.
Its net loss for the March 2022 year came to $36.0m, up 22 per cent on the previous year’s, reflecting investment in developing opportunities in international markets.
