Counterpath (CPAH) Reports Q1 Loss of $0.05/Share

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Go back to Counterpath (CPAH) Reports Q1 Loss of $0.05/Share

CounterPath Reports First Quarter Fiscal 2018 Financial Results

September 14, 2017 8:15 AM EDT

VANCOUVER, B.C., Sept. 14, 2017 (GLOBE NEWSWIRE) -- CounterPath Corporation (CounterPath or the Company) (NASDAQ: CPAH) (TSX: PATH), a global provider of award-winning over-the-top (OTT) Unified Communications solutions for enterprises and carriers, today announced the financial and operating results for the first quarter ended July 31, 2017 of fiscal year 2018.

First Quarter Financial Highlights (unaudited)

Revenue of $3.1 million compared to $3.0 million for the first quarter of fiscal 2017 and $2.4 million for the fourth quarter of fiscal 2017.Gross margin of 88% compared to 84% for the first quarter of... More