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BRIEF-Straight Path Communications reports results for fourth quarter and year end fiscal 2016
October 7, 2016 / 11:02 AM / a year ago

BRIEF-Straight Path Communications reports results for fourth quarter and year end fiscal 2016

Oct 7 (Reuters) - Straight Path Communications Inc

* Straight Path Communications reports results for fourth quarter and year end fiscal 2016

* Q4 revenue $100,000

* Spectrum lease revenue is trending upwards and expect continued quarter over quarter growth

* Straight Path Communications qtrly net loss attributable of $3.8 million compared to $1.8 million net loss in the prior fiscal quarter

* FCC has commenced an investigation

* Co said “following conclusion of independent investigation we commissioned, we disclosed findings, including to FCC”

* In coming weeks and months, intend to move forward with attempts at resolution and/or furthering progress of cases Source text for Eikon: Further company coverage:

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