well it's not revenues, but rather transactions passing through their terminals....this is key because competition keeps on popping up and revenues will be under pressure as margins shrink
add to that their increased cost case, so yes even with higher transactions/revenues, their net losses (and cash outflows) have increased....and as you have rightly determined, the market is punishing cashflow and profit negative businesses because a recessions/higher rates/supply chain issues all point to a weakening economy which will ultimately mean even worse for businesses that have not managed to be profitable when things were very accomodating
arguably tyro is part of the reopening story with increased spending in the economy, increased tourists, students etc and less impacted by some of the doom scenarios about the economy, but generating cashflow is what the punters are asking for right now
TYR Price at posting:
96.5¢ Sentiment: None Disclosure: Not Held
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