Excite Technology Services' (ASX:EXT) net loss attributable to shareholders widened to AU$1.7 million in the half year ended Sept. 30 from a loss of AU$ 466,103 a year earlier, according to a Friday filing with the Australian Securities Exchange.
The results reflect an increase in expenses from restructuring operations, termination payments, and scaling of new businesses, the filing said.
Loss per share widened to AU$0.0012, compared with the prior-year period's loss of AU$0.0004 per share.
Revenue fell to about AU$3 million from AU$4.7 million a year earlier.
Looking ahead, the company is targeting an annualized run rate of AU$10 million in receipts by the March quarter of 2025.
Excite Technology Services' shares were down 9% in recent Monday trade.
Price (AUD): $0.01, Change: $-0.001, Percent Change: -9.09%
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