Acquisition cost eat into Q3 results at TeraGo

TORONTO – TeraGo ended its third quarter with a loss, despite revenues and EBITDA reaching their highest quarterly levels in the company's history.For the period ended September 30 2015, the company posted revenue of $15.3 million, up 21.7% from $12.5 million in Q3 2014. TeraGo said that the improvement in revenue was primarily driven by growth in its cloud and data centre services from its acquisition of RackForce, and partially offset by a decline in the network and voice services associated with the loss of a wireless entrant customer.Net losses of $432,000 were nearly double the year-over-year loss of $225,000. Net...