DragonWave (DRWI) Misses Q1 EPS by 38c

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Go back to DragonWave (DRWI) Misses Q1 EPS by 38c

DragonWave Reports First Quarter Fiscal Year 2017 Results

July 13, 2016 5:00 PM EDT

OTTAWA, CANADA -- (Marketwired) -- 07/13/16 -- DragonWave Inc. (TSX: DWI)(NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced financial results for the first quarter of fiscal year 2017. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles ("GAAP").

Revenue for the first quarter of fiscal year 2017 was $12.5 million, compared with $12.0 million in the fourth quarter of fiscal year 2016. Revenue from the Nokia channel represented 38% in the... More