Vancouver’s CounterParth (OTCBB: CPAH; TSX-V: CCV) has released their financial number for the quarter ending October 31, 2008 and recorded a $3M quarter. The company makes desktop and mobile VOIP products and solutions for such devices as the Research In Motion, Nokia and Windows mobile smart phones. During this quarter the company launched an enterprise mobile client and gateway by Nortel Networks which extends the functionality of an enterprise’s PBX (telephone system) out to a mobile handset,
Highlights:
- Record quarterly revenues of $3.0 million for the quarter ended October 31, 2008 compared to $2.4 million for the quarter ended October 31, 2007 and $2.6 million for the previous quarter ended July 31, 2008, an increase of 23% and 15%, respectively.
- An anticipated reduction in costs and operating expenses of over $5 million per year.
- Increased access to the capital markets with the commencement of trading of CounterPath common shares on the TSX Venture Exchange on August 25, 2008 under the symbol CCV.
