24 Feb 2015

SLI Systems reports half-year slump

1:33 pm on 24 February 2015

Online search firm SLI Systems has reported a higher half-year loss as it continues to invest in the business.

It lost $4 million in the six months to the end of December, compared to a $2.3 million loss in the same period a year earlier.

However, revenue jumped by 26 percent to $13.3 million.

The chief executive, Shaun Ryan, said he expected stronger sales growth in the second half.

"We've just announced that we have over 1000 sites using services from SLI."

"We've got a report that estimates that there's over 110 thousand sites globally generating e-commerce revenue of meaningful scale, so there's quite a lot of blue-sky there, there's a lot more customers out there that we can sell to."