UPDATE 1-DragonWave posts wider loss as costs rise

Wed May 8, 2013 6:19pm EDT
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* Fourth-quarter revenue more than triples to $28.3 mln

* Fourth-quarter loss $0.71/share vs $0.38/share year ago

* Expenses rise about 35 pct

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.

The company, which uses microwave technology to move data between cellular towers and telecom networks, said expenses rose about 35 percent in the quarter to $18.5 million.

The company amended its deal with Nokia Siemens Networks in April to reduce operating costs, and cut three senior management positions.   Continued...