Optical component supplier Enablence Technologies filed financial results late Tuesday that showed revenue at $4.7 million for fiscal 2014, down from $7.5 million in 2013.
Net loss for the year ending June 30 was just under $16.2 million, compared with $15.6 million last year.
As of June 30, Enablence (TSXV: ENA) had just under $1.2 million in cash and negative working capital of $1.5 million.
OBJ360 (Sponsored)

Why your next investment should be Canadian art
Ahead of its highly anticipated Give to Get Art Auction on May 29th, the Ottawa Art Gallery (OAG) offers some expert advice on investing in art. Art can inspire, spark

Kingston manufacturers winning on the global stage with innovative products
Darrell Searles says Anchor Concrete wants to revolutionize the homebuilding industry—and the Kingston-based company has been doing exactly that through its innovative precast concrete building solutions. “We want to do
The financial report says Enablence’s “ability to continue as a going concern is dependent upon the ability to generate positive cash flow and the ability to execute its business plan, including funding operating losses, as well as possible future sources of financing.”
To that end, the company also announced it expects to receive additional bridge financing of up to $1.5 million.