Wednesday, August 27, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Press Release Accesswire

NURAN WIRELESS Reports First Quarter 2025 Financial Results

May 29, 2025
in Accesswire
Reading Time: 6 mins read
5
SHARES
244
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

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 of 285%, with approximately 75% 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 or 4073%.

  • Total expenses of $3,564,436 compared to $2,811,458 for the three months ended March 31, 2024, an increase of 27% 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 of 28%.

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 $1.6 million of interest as well as $246k of non-cash forex charges. In addition, administrative expenses include $66,458 of depreciation and amortization expenses. Adding these back leads to positive Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of just over $450k or 20% of revenue.

“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: http://www.nuranwireless.com

Francis Létourneau,
Director and CEO
[email protected]
Tel: (418) 264-1337

Frank Candido
Investor relations
[email protected]
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 http://www.sedar.com.

SOURCE: Nuran Wireless Inc

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.

ShareTweet1ShareSendShare2
Previous Post

Laser Driver Market Valuation to Reach USD 1.52 Billion by 2033 – Expanding at a CAGR of 7.2%

Next Post

GameSquare’s Stream Hatchet Redefines Gaming Analytics with Breakthrough AI-Powered Data Ecosystem

Related Posts

BK Technologies To Attend Lake Street Capital Markets 9th Annual Best Ideas Growth Conference

WEST MELBOURNE, FL / ACCESS Newswire / August 27, 2025 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies"), a provider of advanced public safety communications solutions, today announced that John Suzuki, Chief Executive Officer, and Scott Malmanger, Chief Financial Officer, will attend the Lake Street Capital Markets 9th...

Read moreDetails

Ondas Holdings Appoints Mark Green as Head of Global Corporate Development and M&A

Seasoned Investment Banking Leader to Drive Strategic Growth and M&A Execution Global Experience and Deep Network to Support Ondas' Defense and Security Mission BOSTON, MA / ACCESS Newswire / August 27, 2025 / Ondas Holdings Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous drone and private wireless...

Read moreDetails

QNX OS for Safety Integrated in NVIDIA DRIVE AGX Thor Development Kit at General Availability

Developers can Tap QNX OS for Safety 8 with DRIVE AGX Thor to Accelerate Innovation from Prototype to Production WATERLOO, ONTARIO / ACCESS Newswire / August 27, 2025 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB) today announced its role as a key ecosystem and integration partner in the general...

Read moreDetails

Alset AI Announces Formal Commencement of Early Warrant Exercise Incentive Program to Strengthen Balance Sheet for Growth

VANCOUVER, BC / ACCESS Newswire / August 27, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(WKN: A40M0J | SYM: 1R6) ("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that, further to its news release dated...

Read moreDetails

BlackBerry Appoints Barry Mainz to its Board of Directors

WATERLOO, ONTARIO / ACCESS Newswire / August 27, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) announced today that it has appointed software executive Barry Mainz to its Board of Directors. Mr. Mainz is a technology veteran with 30 years of experience in executive leadership, global sales, marketing, product-led growth, and product development....

Read moreDetails

FINOS Welcomes New Governing Board Leadership and Global Industry Members to Accelerate Innovation Through Open Collaborations on Cloud Compliance, AI Governance, and Industry Interoperability

New members Accenture, Commonwealth Bank of Australia, EQTY Lab, FossID, Hitachi, Tetrate and Tokenovate reflect the growing demand for truly open, industry-wide, broadly supported software and standards across financial services. NEW YORK CITY, NY / ACCESS Newswire / August 27, 2025 / The Fintech Open Source Foundation (FINOS), the financial...

Read moreDetails

E2 Lighting Expands Offering of Indoor and Outdoor LED Fixtures for Commercial Applications

E2 Lighting provides a range of indoor and outdoor LED fixtures tailored to the diverse needs of commercial environments. GRAPEVINE, TX / ACCESS Newswire / August 26, 2025 / E2 Lighting, a manufacturer and distributor of advanced lighting solutions, confirms the availability of its indoor and outdoor LED fixtures for...

Read moreDetails

KindlyMD Announces $5 Billion At-The-Market Equity Offering Program

SALT LAKE CITY, UTAH / ACCESS Newswire / August 26, 2025 / Kindly MD, Inc. (NASDAQ:NAKA) ("KindlyMD" or the "Company"), a provider of integrated healthcare services and a Bitcoin treasury vehicle, today announced that it has filed a shelf registration statement and prospectus supplement with the U.S. Securities and Exchange...

Read moreDetails

Route1 Announces Business Updates and Its Financial Results for the Three and Six Months Ended June 30, 2025

Route1 Launches Actionable Business Intelligence 3.0 for its ALPR Clients and an Additional Sale of Employee Retention Credits TORONTO, ON / ACCESS Newswire / August 26, 2025 / Route1 Inc. (TSXV:ROI) ("Route1" or the "Company"), a leading engineering and professional services firm specializing in the deployment and integration of advanced...

Read moreDetails

How to Sell a Trucking Company: Expert Guide Released (Learn to Find Trucking Brokers)

Exiting a trucking business can be a complex process. IRAEmpire's guide aims to help business owners sell their trucking enterprise quickly and for maximum value. CHICAGO, ILLINOIS / ACCESS Newswire / August 26, 2025 / IRAEmpire.com has published a new, comprehensive guide for trucking company owners preparing to sell their...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    50 shares
    Share 20 Tweet 13
  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    97 shares
    Share 39 Tweet 24
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    53 shares
    Share 21 Tweet 13
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    71 shares
    Share 28 Tweet 18
  • Understanding Soulbound Tokens SBT Their Definition and Significance

    24 shares
    Share 10 Tweet 6
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • AWALL VR Announces Official Launch, Merging Advertising with Cryptocurrency-Powered Video Engagement
  • BK Technologies To Attend Lake Street Capital Markets 9th Annual Best Ideas Growth Conference
  • Ondas Holdings Appoints Mark Green as Head of Global Corporate Development and M&A
  • QNX OS for Safety Integrated in NVIDIA DRIVE AGX Thor Development Kit at General Availability
  • Alset AI Announces Formal Commencement of Early Warrant Exercise Incentive Program to Strengthen Balance Sheet for Growth

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.