DragonWave (DRWI) Reports Q4 Loss of $0.52/Share

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DragonWave Reports First Quarter Fiscal Year 2018 Results

July 12, 2017 5:00 PM EDT

OTTAWA, CANADA -- (Marketwired) -- 07/12/17 -- DragonWave Inc. (TSX: DRWI)(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 2018. 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 2018 was $9.0 million, compared with $8.0 million in the fourth quarter of fiscal year 2017.

Gross profit before inventory provisions was 27.8% in the first... More