CounterPath Reports Second Quarter Fiscal 2018 Financial Results
COUNTERPATH (CPAH)
Last counterpath earnings: 3/14 04:00 pm
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US:NASDAQ Investor Relations:
counterpath.com/investors
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Source: GlobeNewswire
VANCOUVER, British Columbia, Dec. 13, 2017 (GLOBE NEWSWIRE) -- CounterPath Corporation (“CounterPath” or the “Company”) (NASDAQ:CPAH) (TSX:PATH), a global provider of award-winning over-the-top (OTT) Unified Communications solutions for enterprises and carriers, today announced the financial and operating results for the second quarter ended October 31, 2017 of fiscal year 2018. Second Quarter Financial Highlights (unaudited) Revenue of $3.4 million, an increase of 24% over the $2.8 million recorded in the second quarter of fiscal 2017 and an increase of 10% over the $3.1 million recorded for the first quarter of fiscal 2018.Gross margin of 89% compared to 83% for the second quarter of fiscal 2017.Non-GAAP income from operations of $0.1 million compared to non-GAAP loss from operations of $0.5 million for the second quarter of fiscal 2017.Non-GAAP net income of $0.1 million, or $0.01 per share, compared to non-GAAP net loss of $0.5 million, or $0.11 per share, for the second quart
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