Welcome to our dedicated page for Wi2Wi news (Ticker: ISEYF), a resource for investors and traders seeking the latest updates and insights on Wi2Wi stock.
Wi2Wi Corp (ISEYF) delivers cutting-edge wireless connectivity and precision timing solutions for mission-critical industries. This news hub provides investors and industry professionals with essential updates about the company's technological advancements and market position.
Access official press releases covering product innovations, strategic partnerships, and operational developments in IoT, avionics, and industrial sectors. Our curated collection ensures timely updates on frequency control systems and integrated wireless solutions that power modern infrastructure.
Key content includes earnings announcements, leadership updates, manufacturing expansions, and industry recognition. All materials are vetted for accuracy, providing reliable insights into the company's progress in embedded systems and high-reliability applications.
Bookmark this page for direct access to Wi2Wi's latest technical achievements and business milestones. Regularly updated content helps stakeholders maintain informed perspectives on this specialized electronics manufacturer's evolving market role.
Wi2Wi Corporation reported a year-over-year revenue increase for FY2022, achieving $6.9 million, up from $6.4 million in FY2021, despite ongoing challenges in the tech sector and inflationary pressures. The company maintained its customer base and welcomed new partnerships, with expectations for further growth in 2023. However, raw material costs and supply chain issues resulted in decreased profit margins. The company projects a recovery in margins as inflation eases. Wi2Wi faced a net loss of $1.236 million and reported net cash used in operations of $305,000. Total assets decreased to $9 million. The outlook remains cautiously optimistic as management signals readiness to navigate industry headwinds.
Wi2Wi Corporation reported its unaudited financial results for Q3 FY22, showing a book-to-bill ratio of 1.1, indicating efficient operations despite supply chain challenges. Revenue increased to $2.02 million, but gross profit declined due to inflationary pressures. The company's cash on hand is $1.517 million. CEO Zachariah Mathews expressed optimism for future growth as the company enhances its R&D efforts to adapt to market changes.
Wi2Wi Corporation reported its Q2 FY22 financial results, revealing a revenue of $1.561 million but a significant decline in gross profit from $465,000 in Q2 FY21 to $128,000. The company has $1.812 million in cash and is investing heavily in R&D, anticipating a strong book-to-bill ratio moving forward. Despite a net loss of $426,000, management is optimistic about future bookings and the company's prospects as they prepare for increased demand across sectors including avionics and healthcare.
Wi2Wi Corporation has announced the election of five new directors during its annual general meeting held on June 30, 2022. Among those elected, Gary DuBroc has been appointed as Chairman of the Board. The company specializes in reducing wireless R&D costs, offering integrated wireless connectivity solutions across various industries. Founded in 2005 and headquartered in San Jose, California, Wi2Wi operates satellite offices in Middleton, Wisconsin, and Hyderabad, India.
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