Vecima Q3 revenue continues to drop in Q3, to $21.6 million

VICTORIA, B.C. – Broadband equipment provider Vecima saw significant decreases in its revenue and profit in its third quarter of 2013, despite improving margins and operating costs. Revenue in Q32013 dropped by 16.3%, or $2 million, to $21.6 million, compared to $25.8 in the same period in 2012. Vecima attributes much of the decline to lower sales of its QAM modules, which were anticipated as these products transitioned to end of life. Net profit plummeted 68% in the third quarter to $2 million, or $0.09 per share, compared to $6.2 million or $0.28 per share in the third quarter of...