Revenues at payment software firm Trintech grew by 82% to $35.4m in the six months to the end of July compared with the same period last year, while pro forma net losses widened from $7.2m to just under $10m.
Second quarter revenues were up 72% to $18.4m on the same period last year, while net losses rose from $2.9m to $4.4m.
Software licensing revenue rose by 89% in the first half to $16m. Executive chairman Cyril McGuire said he was pleased with the software licensing revenue in demanding market conditions.
First half product revenue increased by 32% to $12.5m while service revenue was up 349% to $1.5m. Trintech shares gained 23% to 1.64 on the Neuer Markt after the results as analysts welcomed a 5% drop in operating expenses and the statement that the company had $82m in cash reserves.
The pro forma figure did not include a once-off restructuring charge of $2.5m and goodwill amortisation of $13.8m relating to four acquisition in the previous year.
