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New Gold Inc. closes its Vancouver office as company losses jump sharply

New Gold Inc. (TSX:NGD; AMEX:NGD) has reported a $61.4 million loss in 2007 compared with only a $3.5 million for the same period the year before. The company said the increased loss resulted from a $50.

Revenue inches up for Pitt Meadows wireless technology manufacturer

Tranzeo Wireless Technologies Inc. (TSX:TZT) reported revenue of $18.4 million for 2007, an increase of 1.2% over the previous year. The Pitt Meadows-based wireless technology manufacturer said its profit increased to $7.

QLT touts positive study results for new eye disease treatment

QLT Inc.

Richmond space technology developer rolls up $1.2 billion in 2007 revenue

MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) reported revenue of $1.2 billion in fiscal 2007, a 14% increase over 2006.

Delta-based electric cars headed for Pakistan

Dynasty Electric Car Corp. has accepted an offer from Pakistani-based auto manufacturer Karkoram Motors Ltd. to buy its Delta design and manufacturing operations. Dynasty, a subsidiary of Delta's Commercial Body Builders Ltd.

Foreign exchange erodes revenue for Richmond wireless technology developer

Revenue for Richmond's DDS Wireless Int. (TSX:DD) dropped to $20.6 million in 2007 from $23.6 million the year before. The company said a stronger Canadian dollar compared with its U.S. counterpart is largely to blame for the loss.

Vancouver heart drug-maker's losses balloon in 2007

Cardiome Pharma Corp. (TSX:COM) has reported that it more than doubled its annual loss to $85.5 million in 2007 compared with $36.1 million in 2006.

Higher operating and marketing costs add up to higher losses for Vancouver laser technology company

Losses were up in 2007 for Ondine Biopharma Corp. (TSX:OBP): $13.2 million compared with $12 million the year before. The Vancouver company said sales of its Periowave laser technology, which is used to treat gum disease, were flat at $1.6 million.

Earnings drop, but revenue soars for Port Coquitlam business software maker

Despite a 44% drop in net earnings for 2008's first quarter, VendTek Systems (TSX-V:VSI) reported that its revenue jumped by 83% to $30 million compared with $16.4 million for the same period the year before.

EA's chief financial officer to leave Vancouver electronic games maker

Electronic Arts (NASDAQ:ERTS) has announced that Warren Jenson, its chief financial officer, is leaving the company.