DragonWave Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2013. For the quarter, the company's revenue was $22.2 million, compared with $25.5 million in the second quarter of fiscal year 2014 and $38.5 million in the third quarter of fiscal year 2013. Net loss applicable to shareholders was $5.5 million or $0.12 per basic and diluted share. This compares to a net loss applicable to shareholders of $10.5 million or $0.28 per basic diluted share in the second quarter of fiscal year 2014 and net loss of $13.9 million or $0.36 per basic and diluted share in the third quarter of fiscal year 2013. Loss before amortization of intangible assets and other items was $10.2 million against $12.8 million for the same period a year ago. Loss before income taxes was $5.5 million against $13.9 million for the same period a year ago.

For the nine months, the company's revenue was $72.2 million compared with 95.6 million for the first nine months of 2013. Loss before income taxes was $22.6 million against $28.3 million a year ago. Net loss applicable to shareholders was $22.6 million or $0.55 per basic and diluted share, compared with $27.6 million or $0.74 per basic and diluted share for the first nine months of fiscal 2013. Loss before amortization of intangible assets and other items was $30.4 million against $40.2 million for the same period a year ago.