Straight Path Communications (STRP) Reports Q2 Loss Per Share of $0.17

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Straight Path Communications Reports Results for Second Quarter of Fiscal 2016

March 11, 2016 8:30 AM EST

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Straight Path Communications Inc. (NYSE MKT: STRP), a communications asset company, announced today operating results for its second quarter of fiscal 2016, the three months ended January 31, 2016. 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.

Q2 Fiscal Year 2016 Highlights

              (In millions of USD)   FY 2016 Q2   FY 2015 Q2   FY 2016 Q1 Total Revenues   $0.1   $2.8   $1.7 Total Costs   $2.7  ... More