Wynyard chief executive Craig Richardson has shrugged off
the company's loss in the year ending December in light of the
other data released in the period.
The company has been listed for nine months but released
pro-forma unaudited accounts for the year for comparison
between the two periods.
Wynyard, which specialises in crime-fighting software and
critical threat assessment, lifted its total revenue to $21.7
million in the year from $13.3 million in the previous
The after-tax loss of $11.2 million was significantly higher
than the $3.7 million loss in the pcp.
Licensed end users rose to 110,800 from 59,600 and revenue
per employee increased to $162,000 from $125,000.
Wynyard ended the period with $17 million in cash compared
with $600,000 at the pcp.
Among the highlights listed by Mr Richardson was increasing
the group's revenue by 63%, exceeding the IPO prospectus
Wynyard opened new offices in the United Arab Emirates and
the United States and grew staff numbers from 106 to 151
''Wynyard now has offices in six strategic locations across
three regions and has nearly doubled the size of its sales
and marketing team.''
In 2013, 64% of Wynyard's revenue was from Asia-Pacific where
the company secured new contracts with the New Zealand Police
and the Serious Fraud Office, two key Australian Federal
Government agencies, the Thai Customs Department, Queensland
Rail and one of the region's primary intelligence agencies.
Europe, the Middle East and Africa contributed 27% of
Wynyard's total revenue following the launch of Wynyard's
financial crime detection platform in the UAE and the United
Kingdom, he said.
In Europe, Wynyard's contract with a leading UK crime
investigator was extended, one of the world's top five banks
became a customer and Wynyard was selected by a recognised
inter-governmental organisation responsible for co-ordinating
a global effort against drugs and trans-national organised
crime, Mr Richardson said.
Net cash flow for the year was $16.5 million against a
forecast of $20.3 million with $2.3 million being a cash
collection timing difference.
Looking ahead, Wynyard was focused on increasing its
financial services and government customer base in the
Americas and expanding its partner channels to market.
The company would continue to invest for growth this year and
next, he said.
''Wynyard is strongly positioned in the new fast growing
advanced crime analytics market. While the end game for
Wynyard is a highly profitable company with lifetime
customers, investing for growth and continued momentum is
critical at this stage to extend Wynyard's product leadership
position and global market share.''