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. • • Vecima Reports Q4 and Year - End Fiscal 2021 Results Record - breaking Consolidated and DAA Revenues FY2021 Revenue : $ 124.2M ( up 31 % ) , Gross Margin : 46 % , Cash Balance : $ 28.9M Generated full - year Adjusted EBITDA of $ 12.3M and grew Q4 Adjusted EBITDA to $ 5.7 million ( up 189 % QoQ ) QoQ revenue growth averaged close to 10 % during Fiscal 2021 Achieved significant FY2021 Video and Broadband Solutions growth , with segment revenue increasing 110 % to $ 75.3M and segment gross profit growing 87 % to $ 31.6M YOY Next - generation Entra family DAA sales climbed 7x YoY to $ 42.6M , including sales of $ 16.6M in Q4 VICTORIA , British Columbia -- ( BUSINESS WIRE ) -- September 23 , 2021 -- Vecima Networks Inc. ( TSX : VCM ) today reported financial results for the three months and year ended June 30 , 2021 . FINANCIAL HIGHLIGHTS ( Canadian dollars in millions Q4FY21 Q4FY20 FY2021 FY2020 except percentages , employees , and per share data ) Revenue $ 35.3 $ 25.7 $ 124.2 $ 94.9 Gross Margin 42 % 49 % 46 % 54 % Net Income ( Loss ) $ 1.4 $ ( 1.0 ) $ ( 0.3 ) $ 1.8 Earnings ( Loss ) per Share¹ $ 0.06 $ ( 0.05 ) $ ( 0.02 ) $ 0.08 Adjusted Earnings ( Loss ) per Share1,2,3,4 $ 0.06 $ ( 0.06 ) $ ( 0.10 ) $ 0.06 Adjusted EBITDA² $ 5.7 $ 3.8 $ 12.3 $ 18.3 Cash and Short - term Investments Employees $ 28.9 481 $ 34.5 $ 28.9 $ 34.5 377 481 377 Based on weighted average number of shares outstanding . 2 Adjusted Earnings Per Share and Adjusted EBITDA do not have a standardized meaning under IFRS and therefore may not be comparable to similar measures provided by other issuers . See “ Adjusted EBITDA and Adjusted Earnings ( Loss ) Per Share " below . 3 Adjusted Earnings Per Share includes non - cash share - based compensation of $ ( 0.3 ) million or $ ( 0.01 ) per share for the three months ended June 30 , 2021 , and $ 1.4 million or $ 0.06 per share for the year ended June 30 , 2021 . The non - cash share - based compensation primarily reflects certain performance - based vesting thresholds achieved under the Company's Performance Share Unit Plan . 4 Adjusted Earnings Per Share includes foreign exchange loss of $ 0.7 million or $ 0.03 per share for the three months ended June 30 , 2021 , and $ 3.0 million or $ 0.13 per share for the year ended June 30 , 2021 .