Turning towards the tech-end of the town, workplace management solutions providerDamstrawas a drag on investors’ portfolios in 2021.The Damstra share price waltzed into last year at $1.53 after having gained ~32% in the previous year. However, shares gradually declined as the company experienced challenges. These included a contractual dispute with a client and a reduction of service to another client.As a result,FY22 guidancewas cut to between $30 billion to $34 million, down from $35.9 million to $38.9 million. The mounting disappointments were reflected in the 78% fall in Damstra shares in 2021.
The workplace management software company stated “the market appears to have lost short-term confidence” in the business.
