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.
