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Blis reports first-half net loss as revenues tumble

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20.11.2017

Blis Technologies reported a net loss in the first half as trading revenue tumbled, in particular in its North American market, but is optimistic of an improvement in the second half as sales normalise.

Blis reported a deficit of $1.2 million in the six months ended Sept. 30, from a profit of $428,000 a year earlier. Sales at the Dunedin-based company fell 46 percent to $2.1 million as several customers opted to run down stock levels through northern hemisphere summer months and because of long lead times with new customer initiatives, delays in regulatory approval and........

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