Net losses top $10M at Craig Wireless

WINNIPEG – The losses at Craig Wireless Systems continue to mount.For the year ended August 31, 2009, the company reported a net loss of $10.87 million, more than $3 million greater from the $7.76 million that it lost in the previous year. Revenues for the year were $1.70 million, compared to $1.86 million in 2008."The company has focused on operating more efficiently, the full impact of which we anticipate will be realized in Fiscal 2010," said co-CEO T. Boyd Craig, in the brief press release. "We have redirected our efforts to take advantage of the enterprise business customers' need for...