DragonWave Inc. jumped as much as 5 per cent early Friday - matching gains made in U.S. premarket trading - after saying it plans to acquire Nokia Siemens Networks' microwave transport business, including its associated operational support systems (OSS) and related support functions. Under the terms of the 'Master Acquisition Agreement' signed today, as well as acquiring the business, DragonWave would also become the preferred, strategic supplier to Nokia Siemens Networks of packet microwave and related products, and the companies would jointly coordinate technology development activities.
GMP Capital Inc. today reported a net loss of $4.6-million ($0.09 loss per basic share) in third-quarter 2011 compared with net income of $23.1-million ($0.32 per basic share) in third-quarter 2010. GMP recorded revenue of $46.3-million for the third quarter ended Sept. 30, 2011, representing a 55 per cent decrease compared with the same period a year ago, reflecting the challenging business and capital markets environment which persisted in the quarter.
It said this quarter's results were significantly affected by the unfavourable market environment and also reflect a $5-million (pre-tax) charge recorded in connection with a previously announced executive management retirement.
Denison Mines , an intermediate uranium producer with production in the United States, Thursday posted Q3 net income of $15.5-million or $0.04 per share, compared to a net loss of $5.5-million or $0.02 per share in the previous corresponding period. On average, analysts polled by Thomson Reuters expected loss of $0.04 per share for the quarter. Total revenues for the quarter more than halved to $17-million from $39.9-million last year.
Heroux-Devtek Inc. , a globally active company serving the Aerospace and Industrial Products markets, touched as high as $6.90 early Friday as it reported strong second-quarter results. It had sales of $86-million, up 3.4 per cent from $83.2-million last year; a 20.2 per cent increase in EBITDA to $13.6-million, compared with $11.3-million a year ago; net income of $4.8-million, or $0.16 per diluted share, versus $2.7-million or $0.09 per diluted share last year; and funded backlog of $526-million. Its stock fell more than 2 per cent on Thursday.
Pason Systems Inc. touched a day high $14 after announcing today that its profit for the third quarter more than doubled, boosted by strong drilling activity in North America. Profit rose to $28.5-million or 35 cents a share, from $11.9-million or 15 cents a share in the year earlier period. Revenue rose 29 per cent to $88.7-million.
Vaaldiam Mining Inc. , which has been trading near a year low 7 cents, announced today it has started an analysis of the strategic alternatives available to the company with a view to identifying one or more transactions which will recognize the full value for the company and/or its assets. The company said there can be no assurance that any transaction will occur, or if a transaction is undertaken, as to its terms or timing.
Primero Mining Corp. jumped more than 6 per cent early Friday after announcing its financial results for the third quarter ended Sept. 30, 2011. The company said it posted record-high revenue of $46.1-million in the third quarter 2011 as a result of selling 19,660 ounces of gold at an average price of $1,668 per ounce, and 1.11-million ounces of silver at an average realized price of $12.00 per ounce. Net income also increased to $35.1-million or $0.40 per share while operating cash flows before working capital changes increased to $50.5-million or $0.57 per share.
Highway traffic management technology company International Road Dynamics was up sharply by nearly 21%, touching the higher end of a $0.33 to $0.35 range, after saying today that it has been awarded a contract by Oklahoma Department of Transportation to build, implement, and maintain new and innovative Port-of-Entry Electronic -Screening Systems and Virtual Weigh Stations for Commercial Vehicles within the State of Oklahoma. The initial phase of the contract includes installations valued at $5-million (U.S.).
Novadaq Technologies Inc. , developer of real-time medical imaging systems for use in the operating room, said today that its net loss for the third quarter decreased by $3.1-million to $1.3-million due to lower warrant revaluation expense and higher revenues across all product lines. Total revenues increased by 20 per cent to $4.2-million compared to $3.5-million in the previous quarter, but decreased by $2.1-million from the same period in the previous year.
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- DragonWave Inc$3.64+0.19(+5.51%)
- GMP Capital Inc$4.19-0.01(-0.24%)
- Denison Mines Corp$0.590.00(0.00%)
- Heroux-Devtek Inc$15.51-0.32(-2.02%)
- Pason Systems Inc$17.25+0.26(+1.53%)
- Primero Mining Corp$1.23+0.02(+1.65%)
- International Road Dynamics Inc$2.50+0.08(+3.31%)
- Novadaq Technologies Inc$9.96-0.14(-1.39%)
- Updated December 2 1:58 PM EST. Delayed by at least 15 minutes.