Craig Wireless reports $2.1M Q2 loss

WINNIPEG – Craig Wireless reported a $2.1 million net loss for its second quarter ended February 28, 2009, nearly a million more than its loss in the same period last year. The increase in the loss is due to an increase in consulting and professional fees, base station site leases, salary costs, corporate compliance costs and amortization, the company said in an announcement. The net loss for the second quarter of 2008 was approximately $1.1 million. Revenues declined from $482,745 in the second quarter of 2008 to $433,283, as the company continues to shift its focus away from its current...