Tyro narrows loss on surging transaction volume
Key Points
- Revenue ($m): 238.5, up 13pc from year-earlier 210.7
- EBITDA ($m): 14.2 v year-earlier -4.4
- Net loss ($m): -29.8 v year-earlier -38.1
- Final dividend: nil
Payments player Tyro has bounced back from a January outage that affected three in 10 customers to report a 13 per cent rise in revenue and 22 per cent lower net loss for the year.
The company is Australia’s fifth largest payment terminal player, specialising in SMEs in hospitality, retail and health. Tyro reported a 26 per cent rise in transaction volumes for the year to June 30 and has seen another 2205 applications from merchants since July 1.
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