DVAP sales help to boost Q1 revenues at Vecima

VICTORIA – Vecima Networks saw profits fall $1.4 million for the first quarter of fiscal 2015, but saw adjusted EBITDA jump 54% year-over-year.For the period ended September 30, 2014, the broadband equipment provider posted revenues of $23.1 million, up from $21.7 million in the same period last year, adjusted EBITDA of $7.0 million compared to $4.5 million year-over-year, and an increase in gross margin from 47% to 50%. Net income fell to $4.0 million from $5.4 million in the first quarter of fiscal 2014, but the company noted that Q1 2014 experienced a one-time gain due to the sale of...