DataWind Announces Fiscal Results for Q3 2016

DataWind (TSX:DW) has released its financial results for the third quarter, ended on December 31, 2015.
According to the press release, the company saw:

Record revenues for the sixth consecutive quarter, totaling $15.5 million, up 11% sequentially and up 81% from the same year-ago quarter.
Record unit sales of 251,000, up 7% sequentially and up 73% from the same year-ago quarter.
Gross profit totaled a record $4.6 million, up 15% from the previous quarter and up 199% from the same year-ago quarter.
Gross margins reached a record 29.4%, compared to 28.2% in the previous quarter and 17.8% in the same year-ago quarter.
Adjusted EBITDA totaled a record $106,000 compared to $5,000 in the previous quarter and an adjusted EBITDA loss of $2.0 million in the year ago quarter.
Began selling smartphones and tablets in Nigeria with the signing of Airtel, one of the country’s largest wireless operators, and partnering with Intel Nigeria.

Click here to read the full press release.