(Corrects first bullet point to show company posted an adjusted loss, not profit)
* Q2 adjusted loss C$0.03/shr
* Q2 rev up 37 pct to C$15.2 mln
July 9 (Reuters) - Canada’s network equipment maker Sandvine Corp (SVC.TO) posted a wider loss for the second quarter, partly on increased expenses.
The company reported net loss of C$5.6 million or 4 Canadian cents per share, compared with C$4.6 million or 3 Canadian cents, a year earlier.
Excluding items, it reported a loss of C$4.4 million, or 3 Canadian cents a share.
Revenue was up 37 percent to C$15.2 million, supported by strong revenue from its wireless market and nine new service provider customers bagged by the company during the quarter.
Analysts on average were expecting loss of 3 Canadian cents a share, excluding items, on revenue of C$17.14, according to Reuters Estimates.
Expenses were 21 up percent to C$17.2 million, compared with C$14.1 million, a year ago.
Shares of the Waterloo, Ontario-based company closed at C$1.17 Wednesday on the Toronto Stock Exchange. They have lost about 18 percent of their value since last month. (Reporting by Ashutosh Joshi in Bangalore, Editing by Dinesh Nair)