Straight Path Communications (STRP) Swings to Q1 Loss

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Straight Path Communications Reports Results for First Quarter Fiscal 2016

December 10, 2015 9:03 AM EST

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Straight Path Communications Inc. (NYSE MKT: STRP), a communications asset company, announced today operating results for its first quarter of fiscal 2016, the three months ended October 31, 2015. Straight Path holds and leases an extensive portfolio of 39 GHz and LMDS wireless spectrum licenses with deep coverage across the entire United States and owns an intellectual property portfolio focused on communications over computer networks.

     

Q1 Fiscal Year 2016 Highlights

              (In millions of USD)   FY 2016 Q1   FY 2015 Q1   FY 2015 Q4 Total Revenues   $1.7  ... More