Net losses for the crystal timing devices manufacturer over the six months to September ballooned to $45.7 million from the previous year's first-half loss of $3.96 million.
The result is also worse than the $33 million loss Rakon reported for the 12 months to March.
But Rakon managing director Brent Robinson is promising the company will make an operating profit in its second half.
"Ebitda is forecast to be profitable in the second half - structural realignment to most of the impact has taken place in the first half," he says.
And the telecommunications market, for crystals used in devices such as phones, is growing in line with the company's forecasts, Mr Robinson says: "We see more and more activity in that space as the 4G rollout becomes more prominent".
