Quarterly ResultJul 16, 2026, 09:32 AM
NuRAN Wireless Q1 Net Loss CAD 2.17M; Working Capital Turns to Surplus
AI Summary
NuRAN Wireless Inc. reported an increased net loss of CAD 2.17 million for the first quarter ended March 31, 2026, compared to CAD 1.69 million in Q1 2025, with revenue decreasing to CAD 0.87 million. Despite the higher quarterly loss, the company significantly improved its financial position, moving from a working capital deficiency of CAD 5.0 million in December 2025 to a surplus of CAD 0.11 million in March 2026, largely due to a December 2025 restructuring that converted over CAD 20 million of debt to equity and raised CAD 5.8 million. NuRAN also applied to list its shares on Nasdaq and received a final loan drawdown.
Key Highlights
- Net loss for Q1 2026 was CAD 2,166,574, compared to CAD 1,689,530 in Q1 2025.
- Revenue for Q1 2026 decreased to CAD 871,066 from CAD 2,209,079 in Q1 2025.
- Basic and diluted loss per share improved to CAD (0.17) in Q1 2026 from CAD (8.05) in Q1 2025.
- Working capital shifted from a CAD 5,001,442 deficiency in Dec 2025 to a CAD 113,134 surplus in Mar 2026.
- Total shareholders' equity was CAD 3,190,415 as of March 31, 2026.
- Company applied to list its common shares on Nasdaq on March 30, 2026.
- Received final drawdown of USD 0.45 million (CAD 0.62 million) from the FEI loan.
- December 2025 restructuring converted over CAD 20 million of debt to equity and raised CAD 5.8 million.
Price Impact
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