Vecima Networks Inc. (T.VCM) hit a new 52-week high of $5.25 Friday. Vecima Networks Inc. reported financial results for the three months ended June 30, 2012.
Vecima's Q4 revenue increased 11% to $28.7 million compared to Q3. Strong converged wired solutions sales, particularly the Terrace family, OEM QAM Modules and Terrace QAM, were the primary drivers of revenue growth in Q4. Broadband wireless sales increased 4% to $2.5 million in Q4. This growth is attributable to an increase in software defined radio sales.
Gross margin improved to 38% in Q4 up from 35% in the prior quarter. Net income in the period was $1.7 million or $0.07 per share.
Anaconda Mining Inc. (T.ANX) hit a new 52-week high of 14 cents Friday. No news announcements due out today
Bauer Performance Sports Ltd. (T.BAU) hit a new 52-week high of $10.68 Friday. No news announcements due out today
Peer 1 Network Enterprises, Inc. (T.PIX) hit a new 52-week high of $2.90 Friday. No news announcements due out today
Jewett-Cameron Trading Company Ltd. (T.JCT) hit a new 52-week high of $12.50 Friday. No news announcements due out today
MEGA Brands Inc. (T.MB) hit a new 52-week high of $9.74 Friday. No news announcements due out today
Virginia Mines Inc. (T.VGQ) hit a new 52-week high of $10.50 Friday. No news announcements due out today
MAG Silver Corp. (T.MAG) hit a new 52-week high of $12.19 Friday. No news announcements due out today
TECSYS Inc. (T.TCS) hit a new 52-week high of $3.12 Friday. No news announcements due out today
OceanaGold Corporation (T.OGC) hit a new 52-week high of $3.28 Friday. No news announcements due out today
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