DragonWave (DRWI) Reports Q3 Loss of $0.72/Share

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DragonWave Reports Third Quarter Fiscal Year 2017 Results

January 11, 2017 5:01 PM EST

OTTAWA, CANADA -- (Marketwired) -- 01/11/17 -- 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 third 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 third quarter of fiscal year 2017 was $10.2 million, compared with $13.2 million in the second quarter of fiscal year 2017. Revenue from the Nokia channel decreased to 22% of total revenue, versus 24%... More