Tundra revenue inches up despite more losses

Tundra.bmpTundra Semiconductor Corp. Q1 revenue makes a 3.1% gain, hitting $2.1 million. However, the system interconnect products company incurred higher losses during the period owing to disappointing product sales and the impact of a brawny loonie.

Net losses increased to $973,000 ($0.5 per share) from $663,000 ($0.3 per share) a year earlier. The company forecasts Q2 revenues of between $19 million and $22 million.

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