Arvind Chhatbar

Ottawa-based fibre optic products firm Enablence Technologies Inc. posted a smaller net loss and stronger cash balances in its first quarter, as it geared up for high-volume output.

Enablence cut its net losses by 10.7 per cent, to $2.5 million, or two cents per share, in the quarter ended July 31.

Cash and cash equivalents increased to $14.7 million and total assets increased to $24.8 million, compared to $13 million a year earlier.

"The company is in the final stages of qualifications for its Fibre-to-the-Home (FTTH) products, and our assembly line is geared towards volume production," said Enablence CEO Arvind Chhatbar in a statement. "As we complete the qualification process for the FTTH products, we are pleased to continue to supply additional products to the aerospace and defense industry and expand our photodiode product lines."

Enablence's products are used in optical modems that are used by home consumers for the delivery of high-speed data, voice, and video services.