DragonWave posts first public report

Dragonwave.jpgDragonWave’s first ever public financial statement finds the wireless networking technology maker notching $24.2 million in revenue for fiscal 2007, a 24.5% increase over the previous year’s $19.4 million. Dragonwave Inc., which recently completed its IPO, recorded its highest-ever quarterly revenues in Q4, 2007, when it did $7.9 million in sales. However, net losses multiplied to $10.7 million ($2.96 a share) from $5.2 million ($2.43 a share), due, in part, to a million-dollar interest payment.

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