NURAN WIRELESS Reports Second Quarter 2025 Financial Results
NuRAN Wireless (OTC:NRRWF), a wireless infrastructure solutions provider, reported Q2 2025 financial results with mixed performance. Revenue reached $2.9M for H1 2025, up 39% year-over-year, driven by Network as a Service (NaaS) growth. Gross profit increased 36% to $1.67M with a 58% margin.
The company faced challenges including a billing system error with their MNO client that required revenue adjustments. Despite this, NaaS site economics remain aligned with initial projections. The net loss widened by 9% to $5.32M, impacted by debt service costs and non-cash charges.
NuRAN is actively pursuing debt restructuring, having completed a $1.5M private placement and engaging in negotiations with debt holders and potential investors to either replace existing debt with longer-term instruments or swap debt for equity.
NuRAN Wireless (OTC:NRRWF), fornitore di soluzioni per infrastrutture wireless, ha pubblicato i risultati finanziari del 2° trimestre 2025 mostrando performance contrastanti. I ricavi per il primo semestre 2025 sono stati di $2,9M, in aumento del 39% rispetto all’anno precedente, trainati dalla crescita del Network as a Service (NaaS). Il margine lordo è salito al 58% con un utile lordo di $1,67M, +36%.
L’azienda ha però affrontato problemi, tra cui un errore nel sistema di fatturazione con un cliente MNO che ha richiesto rettifiche ai ricavi. Nonostante ciò, l’economia dei siti NaaS resta in linea con le previsioni iniziali. La perdita netta si è ampliata del 9%, raggiungendo $5,32M, influenzata dai costi del servizio del debito e da oneri non monetari.
NuRAN sta attivamente perseguendo la ristrutturazione del debito: ha completato un placement privato da $1,5M e sta negoziando con i creditori e potenziali investitori per sostituire il debito con strumenti a più lungo termine o convertirlo in equity.
NuRAN Wireless (OTC:NRRWF), proveedor de soluciones de infraestructura inalámbrica, publicó resultados financieros del 2T 2025 con un comportamiento mixto. Los ingresos en el 1S 2025 alcanzaron $2,9M, un 39% más interanual, impulsados por el crecimiento de Network as a Service (NaaS). El beneficio bruto subió un 36% hasta $1,67M, con un margen del 58%.
La compañía enfrentó problemas como un error en el sistema de facturación con su cliente MNO que requirió ajustes de ingresos. A pesar de ello, la economía por sitio de NaaS sigue alineada con las proyecciones iniciales. La pérdida neta se amplió un 9%, hasta $5,32M, afectada por costes de servicio de la deuda y cargos no monetarios.
NuRAN está buscando activamente reestructurar su deuda: completó un placement privado de $1,5M y mantiene negociaciones con tenedores de deuda e inversores potenciales para sustituir la deuda por instrumentos a más largo plazo o convertir deuda en capital.
NuRAN Wireless (OTC:NRRWF)는 무선 인프라 솔루션 제공업체로서 2025년 2분기 실적을 발표했으며 성과는 엇갈렸습니다. 2025년 상반기 매출은 $2.9M로 전년 동기 대비 39% 증가했으며 이는 NaaS(네트워크 서비스형) 성장에 힘입은 결과입니다. 매출총이익은 36% 증가한 $1.67M, 마진은 58%였습니다.
다만 MNO 고객과의 청구 시스템 오류로 인한 매출 조정 등 어려움이 있었습니다. 그럼에도 불구하고 NaaS 사이트별 수익성은 초기 전망과 대체로 일치합니다. 순손실은 부채 서비스 비용과 비현금성 비용의 영향으로 9% 확대되어 $5.32M를 기록했습니다.
NuRAN은 부채 구조조정을 적극 추진 중이며 $1.5M 규모의 사모 유치를 완료했고, 기존 부채를 장기성 금융상품으로 대체하거나 부채를 주식으로 전환하는 방안을 놓고 채권자 및 잠재 투자자와 협상 중입니다.
NuRAN Wireless (OTC:NRRWF), fournisseur de solutions d’infrastructure sans fil, a publié des résultats du 2e trimestre 2025 aux performances mitigées. Le chiffre d’affaires pour le 1er semestre 2025 s’est élevé à 2,9 M$, en hausse de 39 % sur un an, porté par la croissance du Network as a Service (NaaS). La marge brute a progressé de 36 % à 1,67 M$, soit une marge de 58 %.
La société a toutefois rencontré des difficultés, notamment une erreur de facturation avec son client MNO qui a imposé des ajustements de revenus. Malgré cela, l’économie par site NaaS reste conforme aux prévisions initiales. La perte nette s’est creusée de 9 % pour atteindre 5,32 M$, impactée par le service de la dette et des charges non monétaires.
NuRAN poursuit activement une restructuration de sa dette : elle a finalisé un placement privé de 1,5 M$ et négocie avec les créanciers et investisseurs potentiels pour remplacer la dette par des instruments à plus long terme ou la convertir en capital.
NuRAN Wireless (OTC:NRRWF), ein Anbieter von Wireless-Infrastrukturlösungen, meldete gemischte Ergebnisse für das 2. Quartal 2025. Der Umsatz für H1 2025 lag bei $2,9M, ein Plus von 39 % gegenüber dem Vorjahr, getrieben durch Wachstum im Network as a Service (NaaS). Der Bruttogewinn stieg um 36 % auf $1,67M bei einer Marge von 58 %.
Das Unternehmen hatte jedoch Schwierigkeiten, darunter einen Abrechnungsfehler mit einem MNO-Kunden, der Umsatzanpassungen erforderte. Trotz dieser Probleme bleiben die NaaS-Standortkennzahlen im Einklang mit den ursprünglichen Prognosen. Der Nettoverlust weitete sich um 9 % auf $5,32M aus, belastet durch Schuldendienstkosten und nicht zahlungswirksame Aufwendungen.
NuRAN treibt aktiv eine Umschuldung voran: Es schloss eine Private Placement über $1,5M ab und verhandelt mit Gläubigern sowie potenziellen Investoren über die Ersetzung bestehender Schulden durch längerfristige Instrumente oder deren Umwandlung in Eigenkapital.
- Revenue growth of 39% year-over-year to $2.9M in H1 2025
- Strong gross profit margin of 58% with 36% increase to $1.67M
- Total expenses decreased by 6% compared to H1 2024
- Successfully raised $1.5M through private placement for working capital
- Net loss increased 9% to $5.32M in H1 2025
- Revenue adjustments required due to MNO client billing system error
- Significant financial expenses from short-term borrowings and debt service costs
- Ongoing need for debt restructuring indicates financial pressure
QUEBEC, QC / ACCESS Newswire / September 2, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce its financial results for the quarter ended June 30, 2025.
Highlights of the Company's financial results for the six months ended June 31, 2025, include the following:
Revenue of
$2,909,754 compared to$2,085,634 , for the six months ended June 30, 2024, an increase of39% , entirely attributable to the increase in Network as a Service (''NaaS'') revenue.Gross profit of
$1,677,647 (58% ) for the six months ended June 30, 2025, compared to$1,232,978 in 2024, an increase of$444,669 or36% .Total expenses of
$6,501,525 compared to$6,892,785 for the six months ended June 30, 2024, a decrease of6% . Savings in selling, general and administrative expenses were offset by increased financial expenses related to debt service costs of short-term borrowings and the Cygnum Capital facility with most of these charges being non-cash.Net Loss of
$5,319,261 compared to$4,882,809 for the six months ended June 31, 2025, an increase of9% . The 2024 loss was reduced by a gain on debt settlement of$801,670. In 2025, charges not directly related to operations including a small loss on debt settlement as well as the book loss on the DRC contract amendment contributed to the increase in the loss. Excluding these, the Loss before other elements improved by15% .
During the second quarter, management was informed by its MNO client of an error in their billing system that resulted in a segment of traffic being incorrectly billed as international due to area code misallocation. Prefixes not identified as local calls were classified as international calls or SMS, leading to revenue calculations exceeding local tariffs by ten times or more. The issue arises from their introduction of new area codes to accommodate increasing mobile penetration; however, these numbers were not configured as local calls, resulting in their classification as international calls by default. As a result of the billing information provided to NuRAN, which was used to generate our invoice to them, was overstated. The Company has adjusted Q1 revenue and Q2 revenue to reflect the current billing information provided by its client. While the situation is not finally resolved, the two parties are currently assessing and negotiating a definitive solution for this issue.
While NaaS revenue per site is negatively impacted, the Company reports that this is still in line with its initial projections for site economics, specifically gross margin and EBITDA as well as (ROI) return on investment. Even after accounting for the additional sites brought live, the growth in revenue over 2024 shows the strong performance of the NaaS business model. Although EBITDA is a non-GAAP measure, the Q2 results remain positive, bolstered by prior year adjustments. In addition, the ongoing Cameroon rollout, the relocation of low traffic sites in the DRC, resumption of operations in Ghana following the MOU, new country deployments, and 3G network expansion are all expected to mitigate the short-term effects of international tariffs on global revenue.
NuRAN Wireless's second quarter financial results reflect a company in transition, striving for operational sustainability even as it invests in growth. Revenue climbed to
"As we reflect on our Q2 results, I am pleased with the progress NuRAN has made in expanding our network and delivering strong revenue growth. Despite short-term challenges, our team's dedication and operational achievements have laid a solid foundation for continued momentum. With our Network as a Service model gaining traction and new sites coming online, we are confident in our path to sustainable growth and our mission to connect underserved communities around the world."- Francis Létourneau, President and CEO of NuRAN Wireless Inc.
Highlights from the Quarter and Recent Announcements Include:
On July 18, 2025, NuRAN announced that it has initiated negotiations with its current debt holders and with new potential institutional investors and lenders to raise additional operating funds. The plan is to potentially restructure or replace much of its outstanding current debt instruments with better terms.
On August 26, 2025, the Company announced that it completed an initial step towards this objective by closing a non-brokered private placement for proceeds of
$1.5M to be used for working capital purposes and payment of short-term debt. The Common Shares issued under the private placement are subject to a statutory hold period expiring December 26, 2025. The Company decided to close this Private Placement at this time to ensure that it has sufficient working capital for the duration of the discussions.In addition, the Company provided an update on planned debt restructuring. It is pursuing two tracks to either 1) replace existing debt with longer term, non-convertible or hybrid instruments or 2) swap debt for equity to replace this debt on the Company's balance sheet. Negotiations with institutional lenders and investors are ongoing and include governmental agencies that require sufficient time to complete their process. This first option might also include other private lenders and investors who know the Company well and are working in parallel.
Current debt holders are an integral part of the process and terms of potential repayment, conversion and write-off, or a combination of these, is being discussed and proposals being considered include additional tranches of the private placement to achieve a more streamlined capital structure suited to future fund-raising and value creation.
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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