NURAN WIRELESS Reports First Quarter 2025 Financial Results
NuRAN Wireless (NRRWF) reported strong Q1 2025 financial results, with revenue surging 285% to $2.2M compared to Q1 2024, primarily driven by Network as a Service (NaaS) growth. Gross profit significantly improved to $1.9M (86% margin) from $45.5K in 2024. The company achieved positive EBITDA of $450K (20% of revenue) for the first time, despite reporting a net loss of $1.7M due to $1.6M in interest expenses and forex charges.
Key operational highlights include receiving full payment of CA$788K in arrears from its Cameroon MNO partner, securing a second drawdown of US$1.05M from Cygnum Capital's FEI fund, and successfully installing 20 network sites in rural Africa in both February and March 2025, though falling short of its 42-site March target.
NuRAN Wireless (NRRWF) ha riportato risultati finanziari solidi per il primo trimestre 2025, con ricavi in crescita del 285% a 2,2 milioni di dollari rispetto al primo trimestre 2024, trainati principalmente dalla crescita del Network as a Service (NaaS). Il margine lordo è migliorato significativamente, raggiungendo 1,9 milioni di dollari (86% di margine) rispetto ai 45,5 mila dollari del 2024. L'azienda ha ottenuto per la prima volta un EBITDA positivo di 450 mila dollari (20% dei ricavi), nonostante abbia riportato una perdita netta di 1,7 milioni di dollari a causa di 1,6 milioni di dollari di spese per interessi e oneri da cambio valuta.
I principali risultati operativi includono la ricezione del pagamento completo di 788 mila dollari canadesi in arretrato dal partner MNO in Camerun, l'ottenimento di un secondo prelievo di 1,05 milioni di dollari statunitensi dal fondo FEI di Cygnum Capital e l'installazione con successo di 20 siti di rete nelle aree rurali dell'Africa nei mesi di febbraio e marzo 2025, anche se non è stato raggiunto l'obiettivo di 42 siti previsto per marzo.
NuRAN Wireless (NRRWF) reportó sólidos resultados financieros en el primer trimestre de 2025, con ingresos que aumentaron un 285% hasta 2,2 millones de dólares en comparación con el primer trimestre de 2024, impulsados principalmente por el crecimiento de Network as a Service (NaaS). El beneficio bruto mejoró significativamente hasta 1,9 millones de dólares (margen del 86%) desde 45,5 mil dólares en 2024. La empresa logró un EBITDA positivo de 450 mil dólares (20% de los ingresos) por primera vez, a pesar de reportar una pérdida neta de 1,7 millones de dólares debido a 1,6 millones en gastos por intereses y cargos por cambio de divisas.
Los aspectos operativos clave incluyen la recepción del pago completo de 788 mil dólares canadienses atrasados de su socio MNO en Camerún, la obtención de un segundo desembolso de 1,05 millones de dólares del fondo FEI de Cygnum Capital, y la exitosa instalación de 20 sitios de red en zonas rurales de África en febrero y marzo de 2025, aunque no se alcanzó la meta de 42 sitios para marzo.
NuRAN Wireless (NRRWF)는 2025년 1분기 강력한 재무 실적을 보고했으며, 2024년 1분기 대비 매출이 285% 증가한 220만 달러를 기록했습니다. 이는 주로 Network as a Service(NaaS) 성장에 힘입은 결과입니다. 총이익은 2024년 45,500달러에서 190만 달러(86% 마진)로 크게 개선되었습니다. 회사는 이자 비용과 외환 비용 160만 달러로 인해 170만 달러의 순손실을 기록했음에도 불구하고, 처음으로 450,000달러(매출의 20%)의 긍정적인 EBITDA를 달성했습니다.
주요 운영 성과로는 카메룬 MNO 파트너로부터 체납된 78만 8천 캐나다 달러 전액을 수령하고, Cygnum Capital의 FEI 펀드에서 105만 달러의 두 번째 인출을 확보했으며, 2025년 2월과 3월에 아프리카 농촌 지역에 20개의 네트워크 사이트를 성공적으로 설치했으나 3월 목표인 42개 사이트에는 미치지 못했습니다.
NuRAN Wireless (NRRWF) a publié de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires en hausse de 285% à 2,2 millions de dollars par rapport au premier trimestre 2024, principalement grâce à la croissance du Network as a Service (NaaS). La marge brute s'est nettement améliorée, atteignant 1,9 million de dollars (marge de 86%) contre 45,5 K$ en 2024. L'entreprise a réalisé pour la première fois un EBITDA positif de 450 K$ (20% du chiffre d'affaires), malgré une perte nette de 1,7 million de dollars due à 1,6 million de dollars de charges d'intérêts et de frais de change.
Les faits marquants opérationnels incluent la réception du paiement intégral de 788 K$ CAD en arriérés de son partenaire MNO au Cameroun, l'obtention d'un second tirage de 1,05 million de dollars US du fonds FEI de Cygnum Capital, et l'installation réussie de 20 sites réseau dans les zones rurales d'Afrique en février et mars 2025, bien que l'objectif de 42 sites pour mars n'ait pas été atteint.
NuRAN Wireless (NRRWF) meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Umsatzanstieg von 285% auf 2,2 Mio. USD im Vergleich zum ersten Quartal 2024, hauptsächlich getrieben durch das Wachstum von Network as a Service (NaaS). Der Bruttogewinn verbesserte sich deutlich auf 1,9 Mio. USD (86% Marge) gegenüber 45,5 Tsd. USD im Jahr 2024. Das Unternehmen erzielte erstmals ein positives EBITDA von 450 Tsd. USD (20% des Umsatzes), trotz eines Nettoverlusts von 1,7 Mio. USD aufgrund von 1,6 Mio. USD an Zinsaufwendungen und Fremdwährungskosten.
Wesentliche operative Highlights umfassen den vollständigen Zahlungseingang von rückständigen 788.000 CAD vom Kameruner MNO-Partner, die Sicherung einer zweiten Auszahlung von 1,05 Mio. USD aus dem FEI-Fonds von Cygnum Capital sowie die erfolgreiche Installation von 20 Netzstandorten im ländlichen Afrika im Februar und März 2025, wobei das Ziel von 42 Standorten im März jedoch nicht erreicht wurde.
- Revenue increased 285% year-over-year to $2.2M
- Gross profit margin improved dramatically to 86% from 8% in 2024
- Achieved first positive EBITDA of $450K (20% of revenue)
- Received full payment of CA$788K in arrears from Cameroon partner
- Secured additional US$1.05M funding from FEI facility
- Net loss of $1.7M despite improved operations
- High financial expenses of $1.6M related to short-term debt service costs
- Missed March 2025 target of 42 new sites, delivering only 20
- Increased total expenses by 27% year-over-year
QUEBEC, QC / ACCESS Newswire / May 29, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce its financial results for the quarter ended March 31, 2025.
Highlights of the Company's financial results for the three months ended March 31, 2025, include the following:
Revenue of
$2,209,079 compared to$572,727 , for the three months ended March 31, 2025, an increase of285% , with approximately75% attributable to the increase in Network as a Service (''NaaS'') revenue.Gross profit of
$1,898,380 (86% ) for the three months ended March 31, 2025, compared to$ 45,488 (8% ) in 2024, an improvement of$1,852,892 or4073% .Total expenses of
$3,564,436 compared to$2,811,458 for the three months ended March 31, 2024, an increase of27% mainly due to increased financial expenses related to short term debt service costs to support the Cygnum Capital facility.Net Loss of
$1,689,530 compared to$2,355,685 for the three months ended March 31, 2025, a decrease of28% .
Although EBITDA is a non-GAAP measure, NuRAN is encouraged by the ability of NaaS revenues in Cameroon and elsewhere to cover group operating costs with new capital being raised to continue to build and generate cash. Management reports that the company has reached positive Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) for its first quarter of operations in 2025. Financial expenses include
"Building new sites and improving network performance demonstrate the progress in expanding connectivity to rural and underserved areas. While challenges remain, the Company is encouraged by the current growth and operational achievements, which are expected to support its ongoing financing strategy," stated Francis Letourneau, President and CEO of NuRAN Wireless Inc.
Highlights from the Quarter and Recent Announcements Include:
On January 10, 2025, NuRAN announced that it has received the full payment of an outstanding balance of arrears from its Mobile Network Operator (MNO) partner in Cameroon for an amount of approx. CA
$ 788,000. On February 28, 2025, The Company announced that it has received approval for the second drawdown of US
$ 1.05M from the Facility for Energy Inclusion ("FEI"), a fund managed by Cygnum Capital. This follows the first drawdown of US$ 2.5M received on July 16, 2024, as part of the US$ 5M loan facility agreement announced on April 26, 2024.On March 3, 2025, NuRAN announced the successful delivery and installation of 20 network sites in rural Africa in the month of February 2025. This milestone aligns with NuRAN's strategic growth objectives as set out on February 10, 2025, and our commitment to expanding mobile connectivity in underserved regions.
On April 2, 2025, NuRAN announced 20 new network sites in rural Africa in the month of March 2025. NuRAN previously targeted 42 new sites for the month of March.
About NuRAN Wireless:
NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."
Additional Information:
For further information about NuRAN Wireless: www.nuranwireless.com
Francis Létourneau,
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337
Frank Candido
Investor relations
Frank.candido@nuranwireless.com
Tel: (514) 969-5531
Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws.All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of NuRAN, that may cause the actual results, level of activity, performance or achievements of NuRAN to be materially different from those expressed or implied by such forward looking statements, including but not limited to management's business strategy for 2025. Although NuRAN has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause NuRAN''s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither NuRAN assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. Accordingly, readers should not place undue reliance on forward looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com.
SOURCE: Nuran Wireless Inc
View the original press release on ACCESS Newswire
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