DragonWave posts wider loss as costs rise

Wed May 8, 2013 5:42pm EDT
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May 8 (Reuters) - Telecom network equipment maker DragonWave Inc reported a wider quarterly loss, hurt in part by higher costs.

This is the company's ninth straight quarterly loss.

DragonWave's loss widened to $27.3 million, or 71 cents per share, in the fourth quarter, from $13.4 million, or 38 cents per share, a year earlier.

Revenue more than tripled to $28.3 million.