On Wednesday, DragonWave, Inc. (USA) (NASDAQ:DRWI)’s shares declined -13.26% to $0.580.
DragonWave, Inc. (USA) (DRWI) declared financial results for the fourth quarter and full fiscal year 2015 ended February 28, 2015. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
Revenue for the fourth quarter of fiscal year 2015 was $43.7 million, contrast with $47.3 million in the third quarter and $17.9 million in the fourth quarter of the preceding fiscal year. Revenue through the Nokia channel represented 46% of total revenue in the fourth quarter fiscal year 2015, as compared to 50% in the third quarter and 68% in fourth quarter of fiscal year 2014.
Gross profit margin was 19.4% for the fourth quarter of fiscal year 2015, contrast with 16.3% in the third quarter and 14.5% in the fourth quarter of the preceding fiscal year.
DragonWave Inc. provides high-capacity packet microwave solutions that drive IP networks worldwide. Its carrier-grade point-to-point packet microwave systems transmit broadband voice, video, and data to meet bandwidth requirements.
Andatee China Marine Fuel Ser Corp (NASDAQ:AMCF)’s shares dropped -11.59% to $0.610.
Andatee China Marine Fuel Ser Corp (AMCF) declared that the formerly planned NASDAQ listing hearing was cancelled (mooted) following the Company’s payment of the outstanding NASDAQ fees. As formerly revealed in the Company’s public filings, on April 21, 2015, the Company received a continued listing deficiency notification from the NASDAQ Stock Market (“NASDAQ”) regardingthe Company’s non-payment of certain NASDAQ listing fees. Following the receipt of the foregoing notification, the Company (i) requested a hearing before NASDAQ Listing Qualifications Panel (which request was granted with May 28, 2015 as the hearing date set by the NASDAQ Listing Qualifications Hearings (the “NASDAQ Hearings”)), and (ii) remitted all outstanding NASDAQ fees. On May 6, 2015, following the Company’s payment of the outstanding NASDAQ fees, the Company received a letter from NASDAQ Office of General Counsel indicating the NASDAQ Hearing has been cancelled (mooted) and that the Company’s stock will continue to be listed and trade on The NASDAQ Stock Market. The Company remains out of compliance with NASDAQ continued listing requirements as a result of its failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014.
Andatee China Marine Fuel Services Corporation, through its auxiliaries, engages in the production, storage, distribution, and trading of blended marine fuel oil for cargo and fishing vessels in the People’s Republic of China.
At the end of Wednesday’s trade, Acorn International, Inc. (ADR) (NYSE:ATV)‘s shares dipped -11.58% to $1.68.
Acorn International, Inc. (ADR) (ATV) declared that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the Securities and Exchange Commission on May 13, 2015. The annual report can be accessed on the Company’s investor relations website at http://ir.chinadrtv.com.
Acorn will provide a hard copy of its annual report for the fiscal year ended December 31, 2014, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR representatives, or in writing to Acorn International Inc., 19/F, 20th Building, No. 487 Tianlin Road, Shanghai, 200233, PRC.
Acorn International, Inc., an integrated multi-platform marketing company, develops, promotes, and sells a portfolio of proprietary-branded products; and third parties products. The company operates two sales platforms, counting integrated direct sales and a nationwide distribution network.
InspireMD Inc (NYSEMKT:NSPR), ended its Wednesday’s trading session with -11.07% loss, and closed at $0.204.
InspireMD Inc (NSPR) declared that there will be multiple clinical presentations across a broad range of indications for MicroNetTM Technology at the forthcoming EuroPCR conference from May 19-22, 2015 in Paris, France.
Each year, more than 120 companies from the cardiovascular industry, counting device and equipment manufacturers, attend EuroPCR, the leading cardiovascular event in Europe. This event allows attendees to discover new products and R&D projects, in addition to interact with practitioners and industry partners to drive continued development and innovation in the cardiovascular field.
InspireMD, Inc., a medical device company, focuses on the development and commercialization of proprietary MicroNet stent platform technology for the treatment of complex coronary and vascular diseases.
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