Balance sheet strengthened

Ottawa-based Enablence Technologies Inc. reduces losses by 10.7% for a net loss of $2.5 million ($.02 a share) in Q1. The company Enablence.jpgalso shored up cash reserves to $14.7 million as it prepared for increased production of its fibre optics products, which are found in optical modems delivering high-speed data, voice, and video services to residential consumers. Total assets increased to $24.8 million, compared to $13 million a year earlier. “The company is in the final stages of qualifications for its Fibre-to-the-Home products, and our assembly line is geared towards volume production,” says CEO Arvind Chhatbar in a statement. “As we complete the qualification process for the FTTH products, we are pleased to continue to supply additional products to the aerospace and defense industry and expand our photodiode product lines.”

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