Brief: Vecima reports 5 pct jump in qrtly revenue

Vecima Networks

26/09/2016 11:00

Sept 26 (Reuters) - Vecima Reports Q4 And Fiscal 2016 Year 
 VCM.TO  
    * End results 
    * Sees FY 2017 sales C$85 million to C$95 million 
    * Qtrly revenue $24.4 million versus $23.2 million 
    * Sees 2017 gross margins in range of 54% to 58% 
    * Vecima Networks Inc says with industry in transition 
expect demand for legacy products to slow in fiscal 2017 
    * Sees 2017 adjusted EBITDA in range of $23 million and $28 
million 
    * Qtrly adjusted earnings per share $0.15 
    * Qtrly earnings per share $0.15 
 
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