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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dragonwave | DWI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 57.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 57.50 | 57.50 |
| Top Posts |
|---|
Posted at 07/5/2008 23:06 by pre Just came across the results released in Canada today - we should see an rns tomorrow morning...get your skates on....could see another hitting +£3.50 tomorrow - excellent set of results imo:DRAGONWAVE ANNOUNCES FISCAL 2008 RESULTS 67% growth in revenue to $40.4 Million for FY2008 5/7/08 - Ottawa, Canada DragonWave Inc. ("DragonWave"), (TSX/AIM:DWI) a leading global supplier of next-generation wireless networks, today issued financial results for fiscal year 2008 ended February 29, 2008. All figures are prepared in accordance with Canadian generally accepted accounting principles (GAAP) and are reported in Canadian dollars. Revenue for the year was $40.4 million, compared with $24.2 million for the same period of the last fiscal year, an increase of 67%. Revenue from customers in North America grew to $28.1million, a 45% increase from the $19.4 million reported in fiscal year 2007. Revenue from outside North America grew to $12.3 million, up from $4.8 million in fiscal year 2007, representing an increase of 160% year-over-year. Gross margin for the year was 38%, up 5% from 33% gross margin reported in fiscal 2007. Gross margin for Q4 fiscal year 2008 was 41% up 2% sequentially from Q3 fiscal 2008 and up 7% from Q4 fiscal 2007. For the fiscal year 2008, the loss from operations was $7.2 million, compared to a loss of $5.9 million in fiscal year 2007. Expenses increased from $13.9 million to $22.6 million due to increased staffing levels, sales and marketing activities required to support the growing international business, market driven R&D associated with major near term opportunities and the engineering activity to comply with local certification and approval processes. Net loss for the year was $8.3 million versus $10.7 million in fiscal 2007. "DragonWave made good progress during the year as we've continued to execute our strategy. We've seen very strong growth in all markets, but particularly outside North America, while continuing to improve our gross margins. We have captured 50 new customers and we are seeing excellent traction for our Horizon product line. We continue to be well positioned as a leader in the high growth IP Ethernet based, high capacity wireless backhaul equipment market" said Peter Allen, President and CEO of DragonWave. The DragonWave management team will discuss the results on a conference call May 8, 2008 at 8:30 a.m. Eastern time (1:30 GMT). Presentation material and a webcast link will be made available from the Investor Relations portal of DragonWave's web site at Conference Call Details: o Beginning at 8:30 a.m., EDT o Local call: 416-883-0139 o Toll free North American: 1-888-458-1598 o Toll free United Kingdom: 00-800-8358-7111 o Participant Pass Code: 88802# For a replay of the call, it will be made available on DragonWave Inc. web site, through the Investor Relations portal. To review Management's Discussion and Analysis for the quarter, please go to www.sedar.com. FORWARD LOOKING STATEMENTS This release contains certain forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Forward-looking statements are based on the company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond DragonWave's control. Actual results could differ materially from those expressed in any forward-looking statements due to factors including the following: DragonWave's growth is dependent on the development and growth of the market for broadband wireless access. DragonWave faces intense competition from several competitors and if it does not compete effectively with these competitors, its revenues may not grow and could decline. DragonWave also faces competition from indirect competitors. DragonWave's success depends on its ability to develop new products and enhance existing products. DragonWave has a history of losses and cannot provide assurance that it will attain profitability. If DragonWave is required to change its pricing models to compete successfully, its margins and operating results may be adversely affected. DragonWave relies on a small number of customers for a large percentage of its revenue. DragonWave's ability to sell products and services is dependent upon it establishing and maintaining relationships with channel partners. DragonWave's quarterly revenue and operating results can be difficult to predict and can fluctuate substantially. DragonWave has a lengthy and variable sales cycle. Additional risks which can also impact upon forward looking statements are identified in DragonWave's Annual Information Form which is available online at www.sedar.com. DragonWave assumes no obligation to update these forward-looking statements as a result of new information or future events. DragonWave Incorporated DragonWave is a leading provider of high-capacity wireless Ethernet equipment used in emerging IP networks. DragonWave designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video and other data. DragonWave's wireless Ethernet products, which are based on a native Ethernet platform, function as a wireless extension to an existing fibre-optic core telecommunications network. The principal application for DragonWave's products is the backhaul function in a wireless communications network. Additional applications for DragonWave's products include point-to-point transport in private networks, including municipal and enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, Middle East and North America. DragonWave is a trade-mark of DragonWave Inc. The company's Web site is |
Posted at 07/5/2008 11:56 by pre DragonWave Inc. Sets Date for Release of Fiscal Year End 2008 ResultsFOR: DRAGONWAVE INC. TSX, AIM SYMBOL: DWIApril 28, 2008DragonWave Inc. Sets Date for Release of Fiscal Year End 2008 ResultsOTTAWA, ONTARIO--(Marketwire - April 28, 2008) - DragonWave Inc. (TSX:DWI)(AIM:DWI) will release its fiscal year end 2008 results on May 7, 2008 after the market closes in North America. The company will discuss the results on a conference call May 8, 2008 at 8:30 a.m. Eastern time (1:30 GMT).Presentation material and a webcast link will be made available from the Investor Relations portal of DragonWave's web site at Call Details:- Beginning at 8:30 a.m., EDT- Local call: 416-883-0139- Toll free North American: 1-888-458-1598- Toll free United Kingdom: 00-800-8358-7111- Participant Pass Code: 88802#For a replay of the call, it will be made available on DragonWave Inc. web site, through the Investor Relations portal. About DragonWaveDragonWave emerging IP networks. DragonWave designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video and other data. DragonWave's wireless Ethernet products, which are based on a native Ethernet platform, function as a wireless extension to an existing fibre-optic core telecommunications network. The principal application for DragonWave's products is the backhaul function in a wireless communications network. Additional applications for DragonWave's products include point-to-point transport in private networks, including municipal and enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, Middle East and North America. The company's Web site is -30-FOR FURTHER INFORMATION PLEASE CONTACT:DragonWave Inc.Russell Frederick Chief Financial Officer 613-599-9991 ext. 2253 rfrederick@dragonwav Director, Investor Relations 613-599-9991 ext. 2517 bchick@dragonwaveinc Andrew Chubb 44 20 7050 6500 DragonWave Inc. |
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