DataWind Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
Revenue for fiscal 2015 was $31.5 million compared to $23.4 million in fiscal 2014, up $8.1 million, or 35%. Sales growth was fueled by increased sales channel expansion as well as an increase in working capital availability post the July 8th, 2014 financing which provided the Company with the ability to fund its inventory to meet demand. In fiscal 2015, net loss was $11.6 million, or $0.57 per share, compared to $4.5 million or $0.30 per share, in fiscal 2014.