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Cable & Telecom

September 26, 2019 3 years ago

Vecima revenues drop in Q4 but rise overall for fiscal 2019

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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...
 

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Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.