It's been preparing to come out the other side of the downturn, lifting spending on research and development and on sales and marketing, which it views as leaving it "well-positioned to capture the sizeable market opportunity created by the transformation of the utilities and airport sectors across the world".
The company reaffirmed its February forecast for annual revenue of roughly $115m in the September year, and earnings before interest, taxes, depreciation and amortisation (Ebitda) to be in the low single digits.
It's also retained targets for the September 2024 year for revenue growth of 30% from 2021, implying revenue of about $130m that year, and for cash Ebitda to be 15% to 20% of revenue, or $19.5m to $26m.
Gentrack's board decided not to declare a dividend for the period, due to the net loss.
The shares fell 2.7% to $1.47 in late trading on the NZX, underperforming the benchmark S&PNZX 50 Index, which was down 0.6%.