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Vecima Networks Inc (VNWTF.PK)

VNWTF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Vecima announces agreement to sell YourLink
Monday, 9 Jan 2017 10:09am EST 

Vecima Networks Inc : Vecima announces agreement to sell YourLink . Proceeds from all-cash deal are expected to be $28.75 mln .Definitive agreement to sell remaining assets of its YourLink business based in Saskatchewan to Xplornet Communications Inc.  Full Article

Vecima reports 5 pct jump in qrtly revenue
Monday, 26 Sep 2016 06:00am EDT 

Vecima Reports Q4 And Fiscal 2016 Year : End results . Sees FY 2017 sales C$85 million to C$95 million . Qtrly revenue $24.4 million versus $23.2 million . Sees 2017 gross margins in range of 54% to 58% . Vecima Networks Inc says with industry in transition expect demand for legacy products to slow in fiscal 2017 . Sees 2017 adjusted EBITDA in range of $23 million and $28 million . Qtrly adjusted earnings per share $0.15 .Qtrly earnings per share $0.15.  Full Article

Vecima reports Q3 share $0.27
Thursday, 12 May 2016 06:00am EDT 

Vecima Networks Inc : Vecima reports Q3 fiscal 2016 results . Qtrly revenue C$31.8 million versus C$23.2 million . Qtrly adjusted earnings per share $0.27 . Qtrly earnings per Vecima Networks Inc . Sees Fiscal 2016 sales in higher-end of range of $100.0 million to $108.0 million . Sees Fiscal 2016 adjusted EBITDA in range of $32.0 million and $37.0 million .For Fiscal 2016, now expects both sales and adjusted ebitda, to be in top end of previously guided ranges.  Full Article

Vecima Networks Inc updates FY 2016 guidance
Thursday, 11 Feb 2016 06:00am EST 

Vecima Networks Inc:Expects FY 2016 Sales are expected to be in the higher-end of the previously guided range.Expects FY 2016 adjusted EBITDA in the range of $32.0 million to $37.0 million.  Full Article

Vecima Networks Inc declares quarterly dividend
Wednesday, 10 Feb 2016 03:20pm EST 

Vecima Networks Inc:Board of Directors has approved a quarterly dividend of $0.055 per common share.Payable on March 21 to shareholders of record date as at February 25.  Full Article

Vecima Networks Inc secures $11 million in orders for cable platform
Wednesday, 20 Jan 2016 06:30am EST 

Vecima Networks Inc:Secures USD$11 million in orders for cable platform.  Full Article

Vecima Networks Inc signs supply agreement for TC600E with Major MSO
Thursday, 22 Oct 2015 06:00am EDT 

Vecima Networks Inc:Signed a supply agreement with a Tier 1 MSO to support its network wide all-digital conversion across the United States of America.Supply agreement covers Vecima's Terrace TC600E product line, the latest edition of the Terrace family of products.  Full Article

Vecima Networks Inc says quarterly dividend increased
Friday, 25 Sep 2015 06:00am EDT 

Vecima Networks Inc:Quarterly Dividend Increased 22% to $0.055 per share.Payable on October 30, 2015 to shareholders of record as at October 9, 2015.  Full Article

Vecima Networks Inc gives FY 2016 guidance below analysts' estimates
Friday, 25 Sep 2015 06:00am EDT 

Vecima Networks Inc:Sees FY 2016 sales to be in the range of $100 to $108 million.Sees FY 2016 adjusted EBITDA to be in the range of $28 to $33 million.FY 2016 revenue of C$112 million and EBITDA of C$35 million - Thomson Reuters I/B/E/S.  Full Article

Vecima Networks Inc reaffirms FY 2015 outlook
Thursday, 14 May 2015 06:00am EDT 

Vecima Networks Inc:Expects FY 2015 sales to be in the range of $90.0 to $100.0 million;.Expects FY 2015 adjusted EBITDA to be in the range of $21.0 to $26.0 million.FY 2015 revenue of $94 mln, EBITDA of $26 mln - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Vecima sees FY sales $73.5 million to $81.5 million

* Qtrly sales from continuing operations c$20.2 million versus c$24.6 million