Software tech startup TradeWindow said its net loss widened by 18 per cent to $7.1 million in the first half to September 30, despite a revenue lift.
The company, which provides digital solutions for exporters, importers, freight forwarders, and customs brokers, said its revenue jumped by 16 per cent to $2.4m, largely as a result of organic growth and the acquisition of Auckland-based software company Rfider in May this year.
TradeWindow chief executive AJ Smith said the company continued to see encouraging market demand for its solutions and had experienced continued increases in customer numbers.
“We have made pleasing progress on our strategic priorities during the half, including advancing our global trade platform, market penetration and revenue growth,” he said.
“Highlights include the milestones we are achieving to deliver our global trade platform and releasing product enhancements.”