DataWind revenue surges 109 percent to $14 million in Q2

Suneet Singh Tuli, CEO of DataWind
DataWind said its revenues rose 109 percent to $14 million — driven by 93 percent year on year and 8 percent quarter on quarter increase in unit sales of 235,000 in its fiscal second quarter 2016 ended September, 30, 2015.

All amounts are in Canadian dollars.

DataWind posted net loss of $2 million compared to $3.2 million in Q2 2015 — due to increased sales of and related improvement in gross margins offset by an increase in G&A costs.

The company has joined hands with Telenor Communications to sell its smartphones and tablets via 1,800 Telenor retail locations across India.

DataWind expanded retail distribution network in India with Iris Computers’ 2,500 channel partners.

It also relocated final assembly from China and initiated shipments of tablets from new Indian assembly facility which reduces import duties and expands gross margins.

It began development of mobile educational app for children without access to teachers in partnership with Mitacs to be delivered on DataWind’s connected tablets

“We made tremendous progress during the quarter — both improving our margins and managing our expenses, while working to expand our distribution channels in order to meet the strong demand for our Internet-connect mobile devices,” said Suneet Singh Tuli, president and CEO of DataWind.

DataWind said its spending on research and development (R&D) fell to $413,000 in the second quarter from $427,000 due to a dip in non-recurring engineering costs.

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