RSS   Newsletter   Contact   Advertise with us

DragonWave Q3 2015 revenue $47.3 million

Share on Twitter Share on LinkedIn
Staff writer ▼ | January 15, 2015
DragonWave announced financial results for the third quarter of fiscal year 2015, ended November 30, 2014. Revenue was $47.3 million, compared with $37.9 million Q2 2015 and $22.2 million Q3 2014.
DragonWave
The third quarter   Two customers generated more than 10% of revenue each
DragonWave had two customers who each generated more than 10% of revenue.

Revenue through the Nokia channel was $23.7 million or 50% of total revenue this quarter, versus 60% in the second quarter of this fiscal year and 51% in the third quarter of the prior fiscal year. Another international customer contributed 26% of revenue in third quarter of fiscal year 2015.

Gross profit in the third quarter of fiscal year 2015 was 16.3%, compared with 15.5% in the second quarter and 11.1% in the third quarter of fiscal year 2014.

During this quarter, we made good progress on our journey toward profitability. Net loss applicable to shareholders in the third quarter of fiscal year 2015 was ($3.8) million or ($0.05) per basic and diluted share, compared to ($8.9) million or ($0.14) per basic and diluted share in the second quarter of this fiscal year and ($5.5) million or ($0.12) per basic and diluted share in the third quarter of fiscal year 2014.

Cash and cash equivalents totaled $29.5 million at the end of the third quarter of fiscal year 2015, compared to $33.6 million at the end of the second quarter.


 

MORE INSIDE POST