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ViXS Result 13/04/2017

Vixs of Canada reported that its revenues for its fourth fiscal quarter, which ran to the end of January, were up 47% to $7.7 million from $5.2 million last year, although down on Q3 at $8.3 million. The IFRS loss for the period was reduced from $3.1 million last year to $1.9 million this time as margins improved and the company said that sales in all segments were up on last year.

For the year, the revenues were up 12% to $29.5 million and the loss was down from $11.6 million to $10.9 million. The company announced that it had sold its legacy MoCA business. (ViXS Sells MoCA Business to MaxLinear)