Vecima revenues drop in Q4 but rise overall for fiscal 2019

VICTORIA — Vecima Networks Inc. announced Thursday its Q4 2019 and full-year 2019 financial results, reporting increased revenues of $85 million for its fiscal year, despite experiencing a weaker fourth quarter in 2019.Vecima’s $85 million in revenue for fiscal 2019 was up 9% from $78.1 million in revenue in 2018. However, the company’s Q4 2019 revenue amounted to only $20.7 million, which was down from the $24.4 million revenue it achieved in the same quarter last year. Overall, the company reported a net loss of $3.5 million for the full 2019 fiscal year, which is a considerable shortfall compared to...