Strong Q3

DragonWave Inc. more than Dragonwave.jpgdoubles Q3 revenue to $11.5 million, up from $4.8 million in the same quarter of FY ’07. The Ottawa-based wireless ethernet networking equipment maker also halves net losses, which shrink to $1.2 million from $2.5 million. The company says the improved numbers are a result of strong growth outside of North America. While revenue from within North American rose by roughly 70% to $5.7 million, sales to customers outside the continent more than quadrupled to $5.8 million.

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