Rakon reports 1H net loss of $3 million

Rakon reports 1H net loss of $3 million
(Image: Supplied)
Staff reporters
Rakon has reported a net loss of $3 million for the six months to Sept 30, compared with its year-ago $10m loss.Revenue increased 30.2% from the year-ago $41.7m to $54.2m.Underlying earnings before interest, tax, depreciation and amortisation (ebitda) were $3.6m from a year-ago ebitda loss of $7.3m.Full-year ebitda guidance was unchanged at $15-$24m.No dividend was declared.The revenue jump was tied to a rebound in the largest market for Rakon’s frequency control crystals: telecommunications infrastructure, where upgrades have been d...