UPDATE 1-DragonWave posts wider loss as costs rise
* 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...