DataWind Inc. announced consolidated earnings results for the fourth quarter and full year ended March 31, 2016. For the year, the company announced revenue was CAD 59,675,000 against CAD 31,543,000 a year ago. Operating loss was CAD 1,675,000 against CAD 11,090,000 a year ago. Loss before income taxes was CAD 5,506,000 against CAD 11,597,000 a year ago. Net loss was CAD 5,506,000 against CAD 11,597,000 a year ago. Net loss per share, basic and diluted was CAD 0.25 against CAD 0.57 a year ago. Net cash used in operating activities was CAD 10,578,000 against CAD 25,203,000 a year ago. Additions to property and equipment were CAD 141,000 against CAD 61,000 a year ago. The company's results for both the quarter and year reflect the increasing demand for internet connectivity which drove the company's strong results. The increase in revenue was driven by the expansion of sales regions, carrier relationships and sales channels. The narrowing loss was due to increased sales and related improvement in gross margins offset by an increase in G&A costs. Adjusted LBITDA totaled CAD 196,000, improving from CAD 11.8 million in fiscal 2015.

For the quarter, the company announced net loss of CAD 1,640,000 against CAD 4,676,000 a year ago. Adjusted EBITDA was CAD 118,000 or CAD 0.01 per share against adjusted LBITDA of CAD 4,975,000 or CAD 0.20 per share a year ago.

The company announced sales results for the first quarter of fiscal 2017. Sales for first quarter of 2017 have surpassed 385,000 units which represents another record quarter for the company.