DragonWave Lowers Q4 Revenue Guidance to $9.4M vs $13.8M Est

DragonWave Inc.

announced today revised revenue expectations for its fourth quarter fiscal year 2012, ended February 29, 2012 of approximately $9.4 million. The shortfall is attributable to delays in shipments to customers in North America, Japan and the Middle East. The slower than expected timing resulted from variations in network implementation schedules and delays in regulatory approvals. DragonWave noted that these revised revenue expectations are preliminary and have not been reviewed by the company's external auditors, and are subject to DragonWave's completion of its customary quarterly closing and internal and external review procedures.