Business

CounterPath Reports Fourth Quarter and Fiscal 2011 Financial Results

Jul. 26, 2011 (Canada NewsWire Group) -- Company Reports Record Revenues VANCOUVER, Jul...

articleNewpath Resources IncJuly 26, 20115/company/newpath-resources-inc-formerly-was-rdyready-set-gold-corp-until-2022-12-07/news/counterpath-reports-fourth-quarter-and-fiscal-2011-financial-results
CounterPath Reports Fourth Quarter and Fiscal 2011 Financial Results

About this update from Newpath Resources Inc

[{"type":"text","content":"\n\n\n Jul. 26, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCompany Reports Record Revenues\n\n\nVANCOUVER, July 26, 2011 /CNW/ - CounterPath Corporation ("CounterPath" or the "Company") (OTCBB: CPAH) (TSXV: CCV), an award-winning provider of desktop and mobile VoIP software products and solutions,\n today announced the financial and operating results for its fourth\n fiscal quarter and fiscal year 2011. CounterPath's fiscal year runs May\n 1 to April 30.\n\n\nFinancial and operating highlights for the fourth quarter ended April\n 30, 2011, include:\n\n\n\nRecord quarterly revenue of $3.2 million, a 20-percent increase year\n over year and a 7-percent increase over the third quarter of fiscal\n year 2011.\n\n\n\n\nA non-GAAP gross profit margin of 86% compared to 81% for the fourth\n quarter of fiscal year 2010.\n\n\n\n\nA non-GAAP operating loss of $0.1 million compared to a loss of $0.5\n million for the fourth quarter of fiscal year 2010.\n\n\n\n\nA net loss of $0.8 million (including a non-cash $0.3 million foreign\n exchange loss) or a loss of $0.02 per share, compared to a net loss of\n $0.7 million (including a foreign exchange gain of $0.1 million) or a\n loss of $0.02 per share, for the quarter ended April 30, 2010.\n\n\n\n\nThe naming as one of MDB Capital Group's "Best & Brightest" for 2011, an\n annual list of companies who ranked above the 90th percentile for\n technology leadership from more than 1,500 small cap companies with\n U...

More updates from Newpath Resources Inc