CounterPath Reports Fourth Quarter and Fiscal 2019 Financial Results and Amends Loan Facility

VANCOUVER, BC / ACCESSWIRE / July 11, 2019 / CounterPath Corporation (CPAH) (PATH.TO) (the “Company” or “CounterPath”), a global provider of award-winning Unified Communications (UC) solutions for enterprises and service providers, today announced the financial and operating results for its fourth quarter and fiscal year ended April 30, 2019.

Fourth Quarter Fiscal 2019 Financial Highlights

  • Quarterly revenue of $2.8 million for the fourth quarter of fiscal 2019, compared to revenue of $2.8 million for the fourth quarter of fiscal 2018.
    • Subscription, support and maintenance revenue (revenue of a recurring nature) for the fourth quarter of fiscal 2019 was $1.4 million or 50% of total sales, compared to $1.2 million or 43% of total sales for the fourth quarter of fiscal 2018.
      • Gross margin of 85% in the fourth quarter of fiscal 2019, compared to gross margin of 82% in the fourth quarter of fiscal 2018.

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