Canadian broadband manufacturer Tranzeo Wireless Technologiesreported another net loss but belives it will return to profitabilityin the third quarter. Tranzeo, headquartered in Pitt Meadows, B.C.,said Thursday that it lost $624,000 in the quarter that ended June 30on revenue of $3.3 million. It pulled in the same amount of revenue inthe first quarter. By comparision, in the second quarter of 2008 it hadrevenue of $6 million. The company blamed the drop in revenue primarilyon a plunge in U.S. demand. Total net loss for the first six months ofthe year hit $1.2 million.

Tranzeo makes a range of 900 Mhz, 2.4 Ghz and 5 Ghz indoor andoutdoor Wi-Fi and WiMAX radios. Part of the reason for its optimism isthat bookings hit a record $6.6 million in the second quarter. Ordersreceived late in the quarter will be fulfilled in the third quarter,the company said, adding it has a backlog of $3.3 million inorders going into the quarter.

During Q2 Tranzeo raised $2.8 million from issuing shares, most of which went to pay off a bridge loan.

This week Tranzeo announced a partnership with PT. Teknologi RisetGlobal (TRG), an affiliate of the Indonesian Tower Group, atelecommunication infrastructure providerto creat of a family of WiMAXsubscriber units. It hopes to sell the products, which have to meet a30 per cent local content requirement, to some of the eight providersrecently awarded 2.3 Ghz licences.

Would you recommend this article?

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada
Previous articleYouTube Fridays: When the IT help desk gets stuck
Next articleCIO Canada Links: Who says you are a CIO?
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com