Cable & Telecom

Cost-cutting helps struggling Cygnal hit targets

MARKHAM – Equipment supplier and telecom contractor Cygnal Technologies this week reported first quarter revenues of $26.8 million, down 12% compared to the first three months of 2006. Gross margin of 21.8% was relatively flat compared to 21.9% for the same period a year ago and selling, general and administrative expenses declined by 20% to $6.8 million. The cost-cutting meant EBITDA improved to a loss of $1 million versus a loss of $2 million in the previous year. Net loss was $2.5 million, compared to a net loss of $3.3 million during Q12 '06. "I believe we remain on track...

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.