DragonWave Inc. reported consolidate unaudited earnings results for the first quarter ended May 31, 2016. For the quarter, the company reported revenue was $12,545,000 against $26,340,000 reported last year. Loss before income taxes was $3,876,000 against $5,757,000 reported last year. Net loss and comprehensive loss attributable to shareholders was $4,100,000 or $1.23 basic and diluted per share against $5,954,000 or $1.98 basic and diluted per share reported last year. Cash flow from operating activities was $851,000 against $5,004,000 reported last year. Acquisition of property and equipment was $169,000 against $821,000 reported last year. Acquisition of intangible assets was $3,000 against $165,000 reported last year. Adjusted cash flow from operations, which excludes noncash operating expenses such as inventory provisions, stock compensation expense and depreciation expense, were $2.7 million in first quarter compared to $4.2 million in previous quarter.