CounterPath Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended April 30, 2017; Provides Revenue Guidance for 2018
For the full year, the company reported total revenue of $10,685,590 compared to $11,081,358 a year ago. Loss from operations was $2,953,617 compared to $2,841,809 a year ago. Net loss was $2,458,515 or $0.52 per basic and diluted share compared to $2,691,595 or $0.61 per basic and diluted share a year ago. Non-GAAP loss from operations was $2,117,699 compared to $1,934,895 a year ago. Non-GAAP loss from operations was $2,117,699 compared to $1,934,895 a year ago. Non-GAAP net loss was $2,120,582 or $0.45 per basic and diluted share compared to $1,931,994 or $0.44 per basic and diluted share a year ago.
The company expects revenue growth in first quarter of 2018 compared to the fourth quarter of fiscal 2017.