WebTech Wireless' Fourth-Quarter Loss Narrows

WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a fourth-quarter loss of C$934,000, compared with a loss of C$8.2 million a year earlier.

Revenue grew 4% to C$11.4 million, from C$11 million the year before, the company said in a statement.

For full 2011, WebTech’s loss narrowed to C$7.3 million, from C$15.4 million in 2010.

Yearly revenue was C$41.4 million, which was consistent with the previous year, the company said.