SLI Systems expects to keep making a loss in the near-term while it invests money back into the business to grow it, and it has a number of products due to come out to market.
The company has reported a loss of $1.8 million in the 12 months to the end of June.
Shares began trading at the end of May and the reporting period includes one month as a publicly listed company.
It provides online search services for 375 customers. Clients include The Warehouse in New Zealand, and Harrods, Interflora and Boden in Britain.
SLI raised $15 million of capital from its float, and chief executive, Shaun Ryan said the plan is focussed on hiring more people, particularly sales people and engineers.
He said the company has a history of releasing new products and one product about to be released is commercially sensitive, but is currently being trailed by a number of customers.
Mr Ryan said the other product is called SLI Live which allows customers to see what people are searching for in real time on their website.
