DragonWave Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2017
DragonWave Inc. reported consolidated earnings results for the fourth quarter and full year ended February 28, 2017. For the quarter, the company reported, revenue of $7,952,000, loss before other items of $5,315,000, loss before income taxes of $3,788,000, net loss and comprehensive loss attributable to shareholders of $3,859,000, compared to revenue of $12,041,000, loss before other items of $8,091,000, loss before income taxes of $9,154,000, net loss and comprehensive loss attributable to shareholders of $9,131,000, for the same period a year ago. Basic and diluted net loss and comprehensive loss per share was $0.60 against $3.02 a year ago.
For the year, the company reported, revenue of $43,916,000, loss before other items of $16,108,000, loss before income taxes of $14,914,000, net loss and comprehensive loss attributable to shareholders of $15,888,000, compared to revenue of $86,295,000, loss before other items of $23,805,000, loss before income taxes of $39,289,000, net loss and comprehensive loss attributable to shareholders of $42,304,000, for the same period a year ago. Basic and diluted net loss and comprehensive loss per share was $3.26 against $14.01 a year ago.