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Wireless

Optiva posts quarterly loss of USD 17 mln as revenue falls, financing costs increase

Tuesday 10 March 2020 | 15:34 CET | News
Optiva reported revenues for the three months to December of USD 20.5 million, down from USD 27.6 million due to the end of certain customer contracts. The company booked a net loss of USD 16.9 million, compared to a profit of USD 0.5 million in the year-earlier period, due to the lower revenues and a jump in financing and tax charges, Optiva said. 

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Categories: Mobile & Wireless
Companies: Optiva
Countries: World
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