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Birmingham Post
Birmingham Post
Technology
Tom Keighley

Losses widen at Sheffield data firm WANdisco despite what it calls strong trading

WANdisco Sheffield David Richards

WANdisco has reported widening losses in its preliminary results despite an upbeat tone sounded by the firm's chief executive.

The Sheffield and California-based business told investors it saw an adjusted EBITDA loss of roughly £24.5m ($29.5m) in 2021, a widening from £18.4m ($22.2m) the year before as revenue fell to £6.07m ($7.3m) from £8.7m ($10.5m).

Boss David Richards said WANdisco had "made significant strategic progress in FY21, reorganising our go-to-market operation and cost structure".

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