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Last C$0.72 CAD
Change Today -0.02 / -2.70%
Volume 7.5K
As of 11:29 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

dragonwave inc (DWI) Snapshot

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dragonwave inc (DWI) Details

DragonWave Inc. provides high-capacity packet microwave solutions that drive next-generation IP networks worldwide. The company designs, develops, markets, and sells proprietary, carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video, and other data between two points. Its wireless carrier-Ethernet links, which are based on a native Ethernet platform, function as a wireless extension to an existing fiber and global optic core telecommunications network. The company’s products principally perform the backhaul function in a communication service provider’s network, connecting high-traffic points of aggregation, such as high-capacity wireless base stations, small cells, and large ‘out of territory’ enterprises to nodes on the fiber optic core network. It serves customers primarily in the communications service provider market, including broadband service providers and mobile service providers; and enterprise and municipal/government customers that own or operate private networks requiring point-to-point applications. DragonWave Inc. was founded in 2000 and is headquartered in Ottawa, Canada.

Founded in 2000

dragonwave inc (DWI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $365.2K
Co-Founder and Vice President of Operations
Total Annual Compensation: $231.6K
Co-Founder, Chief Technical Officer and Vice ...
Total Annual Compensation: $231.6K
Chief Finance Officer, Vice President of Fina...
Total Annual Compensation: $231.6K
Executive Vice President of Global Sales
Total Annual Compensation: $261.1K
Compensation as of Fiscal Year 2015.

dragonwave inc (DWI) Key Developments

DragonWave Inc. Signs Supply Agreement for DragonWave Microwave Radio Systems and Related Services

DragonWave Inc. announced it has signed a supply agreement for DragonWave microwave radio systems and related services with a Indian telecommunications company. Under this new supply agreement, DragonWave has received initial purchase orders to provide more than 3,000 turnkey links of its next-generation Harmony Enhanced high- capacity, long-reach microwave radio system to support the mobile operator's upgrade and expansion of its nationwide 3G and 4G wireless services in India. The Harmony Enhanced was selected to deliver capacity and spectral efficiency utilizing DragonWave's unique Bandwidth Accelerator bulk compression capability, which allows the mobile telecom leader to maximize the capacity achievable in scarce backhaul spectrum. The low latency of DragonWave Harmony Enhanced enables this operator to deliver a comprehensive suite of services including high- quality voice, video and enterprise mobile applications.

DragonWave Inc. Reports Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 28, 2015; Provides Revenue Guidance for the First Quarter and Full Year of Fiscal 2016

DragonWave Inc. reported audited consolidated earnings results for the fourth quarter and year ended February 28, 2015. For the year, revenue was $157.8 million compared to $90.0 million last year. Loss before amortization of intangible assets and other items was $19.7 million compared to $39.6 million last year. Loss before income taxes was $19.9 million compared to $33.9 million last year. Net Loss applicable to shareholders was $21.5 million or $0.32 per basic and diluted share compared to $34.2 million or $0.83 per basic and diluted share last year. Net cash used in operating activities was $31.6 million against $23.9 million last year. Acquisition of property and equipment was $3.5 million against $1.0 million last year. Acquisition of intangible assets was $0.3 million against $0.8 million last year. For the quarter, revenue was $43.7 million compared to $17.9 million last year. Loss before other items was $2.8 million compared to $9.2 million last year. Net loss before income taxes was $2.5 million compared to $11.3 million last year. Net loss applicable to shareholders was $2.3 million or $0.03 per basic and diluted share compared to $11.6 million or $0.20 per basic and diluted share last year. Results were within $1 million of break-even adjusted cashflow from operations, despite uneven timing of equipment orders and installation services revenue. The company shown improved trend in adjusted cash flow from operations or adjusted EBITDA. The company ended the fourth quarter with $23.7 million of cash compared to $29.5 million at the end of the third quarter. The company reduced itd adjusted cash usage from operations to $0.9 million from the adjusted cash usage in the third quarter of $3.4 million. The company expects double-digit year-over-year revenue growth in fiscal 2016 and the strongest contribution to revenue growth in fiscal 2016 is expected to come from expanding direct business with current and new Tier one mobile operators. Within this the company expects revenue in the first quarter of fiscal 2016 to be in the $30 million to $33 million range.

DragonWave Signs Master Purchase Agreement with North American Carrier

DragonWave Inc. has signed a master purchase agreement for technical products and related services with a North American carrier. This new agreement complements and expands current agreements between the two companies. In keeping with industry norms, the agreement does not include any volume commitments; it establishes the framework for future business from this important, long-standing customer. The company's microwave backhaul solutions offer a combination of 2048/4096 QAM modulation and the bandwidth accelerator bulk-compression capability to deliver unsurpassed spectral efficiency and wireless capacity. The company's planning and services organization delivers the high levels of expertise, network design, field surveys, installation and commissioning services.


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