Losses triple

Revenue at Tundra Semiconductor Corp. drops 18.5% to $17.9 million in Q2, resulting in an increased net loss of $711,000 ($0.4 per share), more than triple Tundra.jpgits $211,000 ($0.1 per share) loss of a year ago. “The communications infrastructure market slowdown resulted in lower-than-expected sales of our communications products, and the continued appreciation of the Canadian dollar has decreased our top-line revenue by close to 15% in the last several quarters,” notes CEO Daniel Hoste. Tundra forecasts third-quarter revenue of between $14 million and $16.5 million, and a loss of one cent per diluted share or a profit of three cents per share on a pro forma basis.

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