CounterPath Corporation reported unaudited consolidated earnings results for the fourth quarter and fiscal year ended April 30, 2017. For the quarter, the company reported total revenue of $2,353,124 compared to $3,040,387 a year ago. Loss from operations was $1,125,050 compared to $324,413 a year ago. Net loss was $848,444 or $0.17 per basic and diluted share compared to $998,913 or $0.22 per basic and diluted share a year ago. Non-GAAP loss from operations was $990,647 compared to $164,281 a year ago. Non-GAAP net loss was $993,752 or $0.20 per basic and diluted share compared to $163,224 or $0.04 per basic and diluted share a year ago. The company reported wider losses for fiscal fourth quarter due to lower revenues.

For the full year, the company reported total revenue of $10,685,590 compared to $11,081,358 a year ago. Loss from operations was $2,953,617 compared to $2,841,809 a year ago. Net loss was $2,458,515 or $0.52 per basic and diluted share compared to $2,691,595 or $0.61 per basic and diluted share a year ago. Non-GAAP loss from operations was $2,117,699 compared to $1,934,895 a year ago. Non-GAAP loss from operations was $2,117,699 compared to $1,934,895 a year ago. Non-GAAP net loss was $2,120,582 or $0.45 per basic and diluted share compared to $1,931,994 or $0.44 per basic and diluted share a year ago.

The company expects revenue growth in first quarter of 2018 compared to the fourth quarter of fiscal 2017.