Cash for production

Enablence Technologies Inc. bolsters cash reserves in Q2 as it prepares for volume production. The Ottawa-based Fibre-to-the-Home (FTTH) products maker saw losses increase to $2.27 million from $1.09 million, due in large part to amortization of stock options. Enablence.jpgRevenue rose by $145,071 over the same period last year. The company’s cash holdings rose to $67.53 million after a public offering last October brought in gross proceeds of $57.5 million on roughly 42.6 million shares sold. “Enablence Technologies continues to grow strategically and we have strengthened our asset base and ability to meet longer term expectations as we prepare for volume production,” says company founder and CEO Arvind Chhatbar. Enablence’s products are found in optical modems used by home consumers for the delivery of high-speed data, voice, and video services.

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