Wi2Wi Corporation Announces First Quarter 2026 Financial Results (Unaudited)
Rhea-AI Summary
Wi2Wi (OTC:ISEYF, TSXV:YTY) reported unaudited Q1 2026 revenue of $1.78 million, up about 15% year over year. Gross margin improved to 25% from 11%.
Wi2Wi posted EBITDA of $122,000, a net loss of $60,000, operating cash inflow of $97,000, cash of $219,000, and working capital of $2.45 million, while continuing its shift toward precision frequency control products.
Positive
- Revenue grew to $1.78 million, about 15% above Q1 2025
- Gross margin expanded to 25% from 11% year over year
- EBITDA turned to a $122,000 profit in Q1 2026
- Net loss narrowed to $60,000 from $417,000 in Q1 2025
- Operating cash flow improved to a $97,000 inflow from -$542,000
- Full exit from previously identified non-core product lines completed
Negative
- Company still reported a net loss of $60,000 in Q1 2026
- Cash on hand declined to $219,000 from $422,000 year over year
- Shareholders’ equity fell to $2.46 million from $3.32 million
- Total assets decreased to $8.50 million from $9.73 million
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESS Newswire / May 22, 2026 / Wi2Wi Corporation (TSXV:YTY) a leader in precision timing devices, frequency control products, and wireless technologies, today announced its financial results for the first quarter ended March 31, 2026.
First Quarter Financial Highlights (Reported in $USD)
Revenue:
First quarter revenue of
$1.78 million , an15% increase over Q1 2025
Gross Margin:
First quarter gross margin of
25% , compared to11% in the prior year.
Profitability and Cash Flow:
First quarter EBITDA profit of:
$122,000 Cash on hand as of March 31, 2026:
$219,000 Net cash provided by operations of :
$97,000 First quarter net loss of:
$60,000 Working capital of:
$2.45 million
CEO Commentary
Sue Amarin, CEO stated: "Wi2Wi's performance in the first quarter of 2026 reflects the disciplined execution of the strategic priorities we have clearly outlined-namely, strengthening our operational foundation, enhancing internal processes and advancing product quality. These initiatives have contributed meaningfully to improvements in both revenue and gross margin during the quarter. Looking ahead, we remain confident that our unwavering focus on our core business to serve our key customers, combined with ongoing operational enhancements, will position Wi2Wi to capitalize on long-term growth opportunities across aerospace, industrial, and defense markets."
First Quarter 2026 Operational & Financial Highlights
Continued execution of the Company's strategic shift toward its Precision Devices Frequency Control business, achieving a full exit from previously identified non-core product lines, consistent with prior communications.
Ongoing emphasis on comprehensive operational improvements, including enhancements to manufacturing processes, product quality and overall operational efficiency.
First Quarter 2026 Financial Overview (unaudited)
(In thousands of U.S. dollars) | Quarter 1, 2026 | Quarter 1, 2025 | ||||||
Revenue | $ | 1,781 | $ | 1,553 | ||||
Net income (loss) | (60 | ) | (417 | ) | ||||
Net cash provided by (used in) operations | 97 | (542 | ) | |||||
Total assets | 8,503 | 9,731 | ||||||
Cash on hand | 219 | 422 | ||||||
Total current liabilities | 1,637 | 1,662 | ||||||
Shareholders' equity | 2,461 | 3,320 | ||||||
Detailed and historical financial information is available here.
About Wi2Wi Corporation
Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control devices as well as in wireless technologies. Wi2Wi's Precision Devices brand of products has earned a premier spot in numerous key markets including avionics, aerospace, industrial equipment, government, and the US military. Wi2Wi's frequency control products are best-in-class and of the highest quality.
Founded in 2005, Wi2Wi's headquarters, design center and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, WI. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many tier-1 global partnerships with numerous industry leading silicon and wireless technology suppliers.
Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world class distributors for the fulfillment of orders all of which augment a US-based direct sales team.
Wi2Wi is extremely proud to serve hundreds of the world's top companies with its made-in-America products.
Investor & Media Contact
Sue Amarin, Chief Executive Officer
sue_a@wi2wi.com
1-608-203-0234
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedarplus.com). Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward- looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Wi2Wi Corp.
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