Look restructuring continues; M3 network in demo mode

TORONTO and MONTREAL – Fixed wireless company Look Communications reported lower revenue but positive EBITDA during the first two quarters of fiscal 2006. Revenue for the quarter and first half of the year was $7.9 million and $16.2 million, respectively, compared with $9.7 million and $19.7 million a year ago. Gross margin was $4.7 million and $9 million for the three and six month periods ended February 28, 2006 compared with gross margin of $4.9 million and $9.6 million in the periods in 2005. The decline in revenue was the result of a lower subscriber base while the improved margins were...