MARKHAM, Ont. – Cable and telecom equipment, and network solutions supplier Cygnal Technologies Corporation today announced that revenues and EBITDA dipped in the first quarter of 2005. Revenues were $29.1 million in the first quarter of 2005, ended March 31st, compared to $35.7 million in the first quarter of 2004, a drop of 18.5%. Gross margin was 20.1%, up from 17.6% in the same quarter last year. Selling, general and administrative expenses were $9 million, up from $8.3 million last year. EBITDA was a loss of $3.1 million, compared to a loss of $2 million in Q1 of 2004 Net...
