VANCOUVER -- Cantronic Systems Inc. widened its losses in the latest quarter but the supplier of infrared thermal and active-infrared night vision surveillance equipment generated higher revenues.
The Vancouver company said Monday it lost $134,667 for the fiscal second quarter ended July 31. That compared with a loss of $26,483 last year. Per share amounts were negligible.
Revenues rose 46 per cent to $610,462 from $418,902.
James Zahn, president and CEO of Cantronic, (TSX:CTS) said the company is happy with its financial performance despite the wider loss.
"We are making inroads into the North American and European markets and investing in infrastructure to ensure we manage our anticipated growth," he said.