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Snakk Media (SNK) has reported a net loss of NZ$0.58m for FY16, down from NZ$4.0m year-on-year. The company delivered a 14.9% increase in revenues y-o-y to NZ$10.5m. Excluding non-cash expensing of staff options, net cash usage for the year was -NZ$0.4m, while net assets increased 66% y-o-y to NZ$4.2m. SNK ended the year with NZ$2.9m in net cash. It has also announced its FY17 key operating milestones (KOMs) and is targeting a gross margin of 62%, a click-through rate of 1.00%, a staff turnover rate of 24% and compensation ratio of 42%.

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