Reported Earnings • Apr 12
Full year 2025 earnings released Full year 2025 results: Revenue: US$6.44m (up 2.0% from FY 2024). Net loss: US$1.72m (loss widened 28% from FY 2024). Board Change • Dec 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jason Grelowski was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (CA$3.96m market cap, or US$2.82m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: US$1.75m (up 2.6% from 3Q 2024). Net loss: US$351.0k (loss widened 350% from 3Q 2024). Bekanntmachung • Nov 19
Wi2Wi Corporation, Annual General Meeting, Jan 21, 2026 Wi2Wi Corporation, Annual General Meeting, Jan 21, 2026. Location: ontario, toronto Canada Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: US$50.00 (vs US$0.002 loss in 2Q 2024) Second quarter 2025 results: EPS: US$50.00. Revenue: US$1.47m (down 13% from 2Q 2024). Net loss: US$653.0k (loss widened 128% from 2Q 2024). Bekanntmachung • Jul 29
Wi2Wi Corporation announced that it has received CAD 0.7 million in funding Wi2Wi Corporation announced a non-brokered private placement through the issuance of a total of 14,000,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 700,000 on July 28, 2025. The transaction includes participation from Chris Wardle. Each Unit consists of one common share and one Share purchase warrant. Each Warrant entitled the holder to purchase one additional Share at an exercise price of CAD 0.10 per Share for a period of two years from the closing date of the Offering. All securities issued in connection with the Offering are subject to a statutory hold period until November 26, 2025, in accordance with the policies of the Exchange and applicable Canadian securities legislation. Reported Earnings • May 17
First quarter 2025 earnings released First quarter 2025 results: Revenue: US$1.55m (up 3.0% from 1Q 2024). Net loss: US$417.0k (loss widened 15% from 1Q 2024). New Risk • Apr 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (CA$4.61m market cap, or US$3.34m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Apr 14
Full year 2024 earnings released Full year 2024 results: Revenue: US$6.31m (flat on FY 2023). Net loss: US$1.34m (loss widened 1.2% from FY 2023). New Risk • Mar 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (CA$9.21m market cap, or US$6.38m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Bekanntmachung • Mar 07
Wi2Wi Corporation announced that it closed an oversubscribed second tranche On March 5,2025 announce that it has closed an oversubscribed second tranche of its nonbrokered private placement previously announced on February 6, 2025, by issuing a total of 11,799,700 units of the Company at a price of CAD 0.05 per Unit for gross proceeds of CAD 589,985 pursuant to the closing of the Second Tranche. Over the first tranche and Second Tranche, the Company issued an aggregate of 19,099,700 Units for total gross proceeds of CAD 954,985 (the "Offering"). The Company paid cash commissions, representing finder’s fees, in the amount of CAD 27,000 to certain arm’s length finders (the “Finders”) related to the closing of the Second Tranche, Bekanntmachung • Feb 07
Wi2Wi Corporation announced that it expects to receive $0.75 million in funding Wi2Wi Corporation announced a non-brokered private placement on a best efforts basis for issuance of up to 15,000,000 units at a price of $0.05 per share for gross proceeds of $750,000 on February 6, 2025. Each unit will comprise one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one share at an exercise price of $0.10 per share for a period of two years from the closing date of the offering. If, at any time prior to the expiry date of the warrants, the closing price of the shares on the TSX Venture Exchange is equal to or greater than $0.10 for any 10 consecutive trading days, then the company may, at its option, accelerate the expiry date of the warrants by issuing a press release announcing that the expiry date of the warrants shall be deemed to be on the 30th day following the issuance of the warrant acceleration press release. All warrants that remain unexercised following the accelerated expiry date shall immediately expire and all rights of holders of such warrants shall be terminated without any compensation to such holder. The closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with the policies of exchange and applicable securities legislation. New Risk • Jan 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (CA$9.91m market cap, or US$6.88m). Minor Risk Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Bekanntmachung • Dec 24
Wi2Wi Corporation announced that it has received CAD 0.6 million in funding On December 23, 2024. Wi2Wi Corporation Closed the transaction. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$1.71m (up 20% from 3Q 2023). Net loss: US$78.0k (loss narrowed 78% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Bekanntmachung • Nov 16
Wi2Wi Corporation announced that it expects to receive CAD 0.6 million in funding Wi2Wi Corporation. announces a non-brokered private placement of 12,000,000 Units at a price of CAD 0.05 per unit for proceeds of CAD 600,000 on November 14, 2024. Each Unit will be comprised of one common share and one-half of one common share purchase warrant. Each whole Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of CAD 0.10 for a period of two years from closing of the Offering, subject to an acceleration clause. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All Shares issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with the policies of Exchange and applicable securities legislation. Bekanntmachung • Sep 02
Wi2Wi Corporation, Annual General Meeting, Nov 05, 2024 Wi2Wi Corporation, Annual General Meeting, Nov 05, 2024. Location: ontario, toronto Canada Reported Earnings • Aug 23
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$1.69m (up 8.0% from 2Q 2023). Net loss: US$286.0k (loss narrowed 33% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$1.51m (down 18% from 1Q 2023). Net loss: US$362.0k (loss widened 55% from 1Q 2023). Reported Earnings • Apr 17
Full year 2023 earnings released Full year 2023 results: Revenue: US$6.34m (down 7.5% from FY 2022). Net loss: US$1.33m (loss widened 7.2% from FY 2022). Bekanntmachung • Jan 30
Wi2Wi Corporation Appoints Ted Clark as Chief Executive Officer, Effective February 1, 2024 Wi2Wi Corporation announced the appointment of Ted Clark as its new Chief Executive Officer, effective February 1st, 2024. Serving various market segments including Internet of Things (IoT), Industrial IoT, Avionics, Space, and Military, Wi2Wi is poised for continued innovation under Mr. Clark's leadership. With his extensive expertise and proven track record in the technology sector, Mr. Clark is expected to drive significant growth and success for the company. With over three decades of experience in the technology industry, Ted Clark has demonstrated exceptional leadership and strategic vision. He has been a pivotal figure in steering companies, ranging from Fortune 100 enterprises to innovative startups, towards groundbreaking success. His tenure as Senior Vice President at Hewlett Packard Inc., where he led the Global Notebook Business Unit to achieve the number one market share, is particularly notable. As a Managing Partner at THCC LLC since 2013, Mr. Clark has shown an outstanding ability to drive market strategy, build operational frameworks, and execute business objectives with remarkable success. His expertise in product development, technology solutions, and IoT makes him an ideal fit for Wi2Wi's future growth. Wi2Wi's Board of Directors believes that Mr. Clark's dynamic approach to leadership, combined with his deep understanding of global technology markets, makes him the perfect candidate to lead Wi2Wi into its next phase of innovation and expansion. Reported Earnings • Nov 18
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$1.42m (down 30% from 3Q 2022). Net loss: US$355.0k (loss widened 24% from 3Q 2022). Bekanntmachung • Oct 12
Wi2Wi Corporation Ordinary Shares to Be Deleted from OTC Equity Wi2Wi Corporation Ordinary Shares will be deleted from OTC Equity effective October 11, 2023, due to Inactive Security. Bekanntmachung • Aug 27
Wi2Wi Corporation Announces the Resignation of Zachariah Mathews as President, and Member of the Board of Directors Effective December 31, 2023 Wi2Wi Corporation announced that in light of personal obligations, Mr. Zachariah Mathews will resign as Chief Executive Officer, President, and member of the board of directors effective December 31, 2023. The Chairman of the Board, Mr. Gary Dubroc, will play an instrumental role in ensuring a smooth transition until a successor is appointed. Having held the Chairman position since November 21, 2018, Mr. Dubroc has also chaired the board of directors and the audit committee. With over 25 years in the field, Mr. Dubroc's credentials include: Former CEO of Avantech Testing Services, Houston, Texas. Ex-Vice President of Global Operations at Emerson Process Management. Previous roles at GHX Inc., Tyco's Flow Control, and General Dynamics Space Systems. An MBA with a focus on Finance from Tulane University and a Bachelor's in Industrial Engineering from Louisiana State University. Mr. Mathews, in his departure, will not sever ties but continue to extend his support to the company. Reported Earnings • Aug 25
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$1.56m (flat on 2Q 2022). Net loss: US$425.0k (flat on 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Bekanntmachung • Jun 17
Wi2Wi Corporation, Annual General Meeting, Aug 21, 2023 Wi2Wi Corporation, Annual General Meeting, Aug 21, 2023. Reported Earnings • May 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$1.84m (up 16% from 1Q 2022). Net loss: US$233.0k (loss narrowed 37% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 20
Full year 2022 earnings released Full year 2022 results: Revenue: US$6.86m (up 6.3% from FY 2021). Net loss: US$1.24m (loss widened US$1.03m from FY 2021). Reported Earnings • Nov 17
Third quarter 2022 earnings released: US$0.015 loss per share (vs US$0 in 3Q 2021) Third quarter 2022 results: US$0.015 loss per share (further deteriorated from US$0 in 3Q 2021). Revenue: US$2.02m (up 22% from 3Q 2021). Net loss: US$286.0k (down US$294.0k from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$1.56m (down 3.6% from 2Q 2021). Net loss: US$426.0k (loss widened US$424.0k from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Bekanntmachung • Aug 12
New Member, Jason Grelowski, Joins Board of Directors of Wi2Wi Corporation Wi2Wi Corporation announced Mr. Jason Grelowski is joining the board of the Company. Mr. Grelowski is a proven business executive and entrepreneur with over twenty years of experience building, leading and advising organizations ranging from start-ups to mature growth. Grelowski has successfully partnered with emerging and mid-tier firms to stimulate growth, increase profitability, and ensure optimal team effectiveness. As Managing Director of Solvera, Grelowski grew revenues exponentially and built a team of more than seventy-five consultants. The team continues to be recognized as one of Canada's Best Managed Companies and was featured on MediaCorp's Top 100 Employers for four straight years. Currently, Jason is the Chief Executive Officer of Software Development Experts, creators of Digital Transformation Advisor. A native Albertan, Grelowski has lived across Canada and developed strong bonds with both his community and the arts. He is a co-founder of Calgary on Purpose, a group dedicated to constructive conversations about the future of Calgary, and served as development chair and board member of the Glenbow Museum. He received his B.A. Honors from University of Calgary and his MBA from Dalhousie University. The appointment of the new board member is subject to the approval of Toronto Venture Exchange. Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Matthew Balazsi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jul 02
Wi2Wi Corporation Announces Executive Changes Wi2Wi Corporation announced that Messrs. Gary DuBroc, Francesco Ferlaino, Matthew Balazsi, Zachariah Mathews, and Ms. Carol Hess were elected as directors of the Company at the annual and special meeting of shareholders held on June 30, 2022. Reported Earnings • May 18
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$1.59m (up 5.2% from 1Q 2021). Net loss: US$371.0k (loss widened 5.4% from 1Q 2021). Reported Earnings • Apr 18
Full year 2021 earnings released Full year 2021 results: Revenue: US$6.45m (down 6.9% from FY 2020). Net loss: US$204.0k (loss narrowed 65% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Bekanntmachung • Apr 16
Wi2Wi Corporation, Annual General Meeting, Jun 30, 2022 Wi2Wi Corporation, Annual General Meeting, Jun 30, 2022. Board Change • Jan 01
High number of new directors Independent Director Matthew Balazsi was the last director to join the board, commencing their role in 2019. Reported Earnings • Nov 18
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.65m (up 9.0% from 3Q 2020). Net income: US$8.0k (up US$481.0k from 3Q 2020). Profit margin: 0.5% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2021 earnings released The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: US$1.62m (down 11% from 2Q 2020). Net loss: US$2.0k (loss narrowed 99% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 19
Full year 2020 earnings released: US$0.004 loss per share (vs US$0.004 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$6.93m (down 33% from FY 2019). Net loss: US$588.0k (down 206% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Bekanntmachung • Jan 21
Wi2Wi Corporation Announces Executive Changes Wi2Wi Corporation ('Wi2Wi' or the 'Company') announced that Messrs. Gary DuBroc, Francesco Ferlaino, Matthew Balazsi, Zachariah Mathews, and Ms. Carol Hess were elected as directors of the Company at the annual and special meeting of shareholders held on January 15, 2021 (the AGM). Following the AGM, the Board of directors appointed Mr. Gary DuBroc as Chairman of the Board of directors. Bekanntmachung • Nov 07
Wi2Wi Corporation, Annual General Meeting, Jan 15, 2021 Wi2Wi Corporation, Annual General Meeting, Jan 15, 2021.