Woosh annual sales fall on dwindling customer numbers, parent accounts show

Tue, 30 Dec 2014

By Paul McBeth Dec. 31 (BusinessDesk) - Woosh Wireless, the local internet service provider, reported a 14 percent drop in annual sales as it shed customers, while clamping down on costs to limit losses, according to its parent company's financial statements. The Auckland-based Woosh had revenue of C$11.3 million in the 12 months ended Aug. 31, down from C$13.2 million a year earlier, according to the financial statements of parent Craig Wireless System, which is based in California and listed on Canada's TSX. Woosh's gross margin narrow...

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