WINNIPEG – Craig Wireless reported a net loss of $4.4 million for its third quarter ended May 31, 2009, $2 million more than its $2.4 million net loss for the same quarter last year.Revenue declined from $461,368 in the third quarter in 2008 to $418,290 in the third quarter ended May 31, 2009, as the company continued to shift its focus away from its current fixed-wireless digital television distribution business in British Columbia and Manitoba.The increase in the loss is due in part to an increase in interest expense and amortization, and a decrease in other income due primarily to recording...
