TradeWindow: New TradeWindow partnership delivers 26 more broker customers

NZX-listed trade software company TradeWindow has gained 26 new customers as the result of a new partnership with the International Forwarders and Customs Brokers Association of Australia (IFCBAA). The partnership will see TradeWindow provide members with special rates for its new tariff service, an online cross-border compliance tool that allows users to find information on tariffs and to search and validate commodity classifications, duty rates and other regulatory notices. The deal lifts TradeWindow's customer number to 541. "We recognise the importance of the tariff service to its members and the crucial role it plays in facilitating trade compliance and supporting IFCBAA members' operations," TradeWindow executive director and CEO AJ Smith said. "We also see opportunities to introduce IFCBAA members to TradeWindow's broader suite of digital trade information services and the productivity benefits they offer." IFCBAA CEO Scott Carson said TradeWindow brought advanced technology, expertise, competitive pricing, around-the-clock technology and customer support to members through the new deal. "This transition will also allow IFCBAA to continue its focus on providing members with core services centred around member and industry training, continued professional development, advocacy services, networking events and its work towards addressing the current industry skills shortage," Carson said. Last week TradeWindow announced revenue lifted to $1.8 million in the quarter to the end of June, a 17 per cent increase over the same period in 2023. Annual recurring revenue stood at $6.8 million, leaving the company on track to deliver within guidance of $7.3 million to $8.3 million for the year ending 31 March 2025. TradeWindow is targeting monthly EBITDA break-even in March 2025 after recording a $6.6 million EBITDA loss in the year to 31 March 2024.