DragonWave revenues rise to USD 13.2 mln in Q2

Microwave radio systems provider DragonWave said revenues for its fiscal second 2017 quarter to end August rose to USD 13.2 million from 12.5 million quarter-on-quarter. Revenue excluding the Nokia channel grew by 30 percent sequential. Revenue from the Nokia channel fell to 24 percent of total revenue, compared to 38 percent. The net loss narrowed to USD 3.9 million or USD 0.96 per basic and diluted share, from a loss in Q1 of 4.1 million or 1.23 per basic and diluted share. Cash and cash equivalents totaled USD 7.5 million at the end of Q2, from 4.0 million the quarter before. Telecompaper reports

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