Revenues, profits on the rise at Vecima

VICTORIA – Vecima Networks reported its highest gross margin and cash balance in the company's history in the third quarter of fiscal 2014.For the period ended March 31, 2014, the broadband equipment provider posted revenue of $22.6 million, up from $21.5 million in the same period in 2013, adjusted EBITDA of $6.2 million compared to $4.5 million last year, and an increase in gross margin from 44% to 52%. Net income was $3.4 million, up from $2.0 million year-over-year.Terrace Family sales in the third quarter increased to $8.1 million compared to $6.6 million in the previous quarter. The company said...