Counterpath (CPAH) Reports Q2 Loss of $0.08/Share

Counterpath (NASDAQ: CPAH) reported Q2 EPS of ($0.08), versus ($0.34) reported last year. Revenue for the quarter came in at $3 million, versus $2.4 million reported last year.

Management Commentary

"This quarter, CounterPath improved its operating performance on both a revenue and a cost basis," said Donovan Jones, President and Chief Executive Officer. "The Company also strengthened the balance sheet with a private placement, demonstrating support from major shareholders. We've continued enhancing our unified communications and collaboration solution, developing new features for the approximately $24 billion enterprise market(1), signing agreements with new channel partners and winning new reference customers in key verticals. We expect to increase our recurring revenue by transitioning towards a subscription based revenue model in the coming months, targeting the small and medium sized business market. We will also continue to focus on landing new large enterprise customers in the financial services, healthcare and government sectors, where our highly secure, universal overlay architecture is ideally suited," continued Mr. Jones.

For earnings history and earnings-related data on Counterpath (CPAH) click here.

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