Duyuru • Apr 09
Nuran Wireless Inc. announced that it expects to receive CAD 15.000001 million in funding Nuran Wireless Inc. announces a non-brokered private placement to issue 4,098,361 units of the company at a price of CAD 3.66 per unit for gross proceeds of CAD 15,000,001.26 on April 8, 2026. Each unit will consist of one common share of the company and up to one common share purchase warrants exercisable at a price of CAD 4.30 per share, for a period of up to five years from the date of issuance. All of the securities to be issued pursuant to the offering will be subject to a four-month hold period. Reported Earnings • Dec 02
Third quarter 2025 earnings released: CA$0.035 loss per share (vs CA$0.059 loss in 3Q 2024) Third quarter 2025 results: CA$0.035 loss per share (improved from CA$0.059 loss in 3Q 2024). Revenue: CA$627.7k (down 60% from 3Q 2024). Net loss: CA$3.11m (loss narrowed 3.6% from 3Q 2024). Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.052 loss per share (vs CA$0.045 loss in 2Q 2024) Second quarter 2025 results: CA$0.052 loss per share (further deteriorated from CA$0.045 loss in 2Q 2024). Revenue: CA$627.9k (down 59% from 2Q 2024). Net loss: CA$3.54m (loss widened 46% from 2Q 2024). New Risk • Aug 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$12m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Market cap is less than US$10m (CA$3.96m market cap, or US$2.86m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (CA$6.0m revenue, or US$4.3m). Duyuru • Aug 26
Nuran Wireless Inc. announced that it has received CAD 1.5 million in funding Nuran Wireless Inc. announced a non-brokered private placement financing and issued 30,000,000 common shares at a price of CAD 0.05 per Share for gross proceeds of CAD 1,500,000 on August 26, 2025. The Common Shares issued under the Private Placement are subject to a statutory hold period expiring December 26, 2025. Duyuru • Aug 04
Nuran Wireless Inc., Annual General Meeting, Sep 30, 2025 Nuran Wireless Inc., Annual General Meeting, Sep 30, 2025. New Risk • Jul 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-CA$7.4m free cash flow). Negative equity (-CA$12m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Market cap is less than US$10m (CA$5.56m market cap, or US$4.09m). Minor Risk Revenue is less than US$5m (CA$6.0m revenue, or US$4.4m). New Risk • May 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-CA$6.6m free cash flow). Negative equity (-CA$11m). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Market cap is less than US$10m (CA$6.41m market cap, or US$4.62m). Minor Risk Revenue is less than US$5m (CA$4.4m revenue, or US$3.1m). Reported Earnings • May 07
Full year 2024 earnings released: CA$0.16 loss per share (vs CA$0.32 loss in FY 2023) Full year 2024 results: CA$0.16 loss per share (improved from CA$0.32 loss in FY 2023). Revenue: CA$4.36m (up 36% from FY 2023). Net loss: CA$8.76m (loss narrowed 29% from FY 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. New Risk • Apr 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Negative equity (-CA$11m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Market cap is less than US$10m (CA$5.00m market cap, or US$3.60m). Minor Risk Revenue is less than US$5m (CA$4.8m revenue, or US$3.5m). New Risk • Feb 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Negative equity (-CA$11m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Market cap is less than US$10m (CA$5.10m market cap, or US$3.58m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$4.8m revenue, or US$3.4m). New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Negative equity (-CA$11m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Market cap is less than US$10m (CA$4.51m market cap, or US$3.14m). Minor Risk Revenue is less than US$5m (CA$4.8m revenue, or US$3.4m). Reported Earnings • Nov 29
Third quarter 2024 earnings released: CA$0.06 loss per share (vs CA$0.085 loss in 3Q 2023) Third quarter 2024 results: CA$0.06 loss per share (improved from CA$0.085 loss in 3Q 2023). Revenue: CA$1.56m (up 96% from 3Q 2023). Net loss: CA$3.22m (loss narrowed 2.5% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2024 earnings released: CA$0.045 loss per share (vs CA$0.075 loss in 2Q 2023) Second quarter 2024 results: CA$0.045 loss per share (improved from CA$0.075 loss in 2Q 2023). Revenue: CA$1.51m (up 151% from 2Q 2023). Net loss: CA$2.43m (loss narrowed 14% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Duyuru • Aug 20
Nuran Wireless Inc. announced that it has received $1.6 million in funding Nuran Wireless Inc. announced a non-brokered private placement of an unsecured convertible debenture for aggregate gross proceeds of $1,600,000 and principal amount of $2,194,772 on August 19, 2024. The transaction included participation from a U.S.-based family office and shareholder. The debenture will mature on August 16, 2026, and will accrue interest at a rate of 15% per annum until the maturity date. The principal amount of debenture is $2,194,772 after application of an original issuance discount of 25% and including all applicable fees. The debenture may be converted, in whole or in part, at any time before the maturity date, into units of the company at the election of the debenture holder at a conversion price of $0.225 per unit. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $0.25 per warrant share for a period of 24 months from the date of closing. Under the terms of the debenture, the company granted the debenture holder a participation right; so long as the debenture holder holds greater than a 5% equity interest in the company on a partially diluted basis, the debenture holder will be entitled to participate, on a pro rata basis, in certain equity financings of the company up to a 9.9% equity interest in the company on a partially diluted basis. In accordance with applicable Canadian securities laws, the debenture as well as any underlying shares or warrant shares to be issued upon conversion or exchange of these securities, are subject to a hold period of four months and one day following closing of the offering. The offering remains subject to final approval of the Canadian Securities Exchange. No commissions were paid in association to this placement. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.05 loss per share (vs CA$0.094 loss in 1Q 2023) First quarter 2024 results: CA$0.05 loss per share (improved from CA$0.094 loss in 1Q 2023). Revenue: CA$572.7k (down 15% from 1Q 2023). Net loss: CA$2.36m (loss narrowed 30% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.32 loss per share (vs CA$0.30 loss in FY 2022) Full year 2023 results: CA$0.32 loss per share (further deteriorated from CA$0.30 loss in FY 2022). Revenue: CA$3.20m (down 34% from FY 2022). Net loss: CA$12.3m (loss widened 25% from FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Duyuru • Apr 21
Nuran Wireless Inc., Annual General Meeting, May 30, 2024 Nuran Wireless Inc., Annual General Meeting, May 30, 2024. Duyuru • Feb 27
NuRAN Launches Solstice; an Innovative Solar Powered Phone Charging Solution NuRAN Wireless Inc. announced the launch of its new ground-breaking product, Solstice, a solar-powered phone charging solution designed to enhance the lives of many remote and rural communities in emerging countries throughout Africa where NuRAN is currently focused on bringing mobility connectivity. Solstice was developed through a strategic collaboration with another Quebec based company specializing in charging solutions. By combining the expertise of the two entities, NuRAN can now provide a reliable charging solution to remote communities where access to electricity is limited. This initiative directly addresses the energy needs of off-grid communities, providing them with a sustainable and environmentally friendly solution to keep mobile devices charged and thus further enabling access to mobility connectivity offered by NuRAN in these regions. Solstice will play a crucial role in extending the benefits of mobile communication to all members of remote communities. It provides two separate charging stations capable of charging up to 225 phones per day. This solution also incorporates innovative software functionality, allowing users to easily connect to the charging stations, streamlining the monitoring of payment solutions, tracking usage, and maintaining connection to the charging station network. In line with NuRAN's commitment to improving lives in emerging countries and after the initial capital investment is covered, the profits generated through Solstice will be reinvested in the local communities to address the specific needs identified within each community. NuRAN will also make Solstice available to other mobile operators in Africa which may further drive a new stream of potential revenues to the company. New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 (-CA$8.4m free cash flow). Negative equity (-CA$3.2m). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (CA$5.19m market cap, or US$3.88m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (CA$3.2m revenue, or US$2.4m). Reported Earnings • Nov 30
Third quarter 2023 earnings released: CA$0.085 loss per share (vs CA$0.044 loss in 3Q 2022) Third quarter 2023 results: CA$0.085 loss per share (further deteriorated from CA$0.044 loss in 3Q 2022). Revenue: CA$797.1k (down 30% from 3Q 2022). Net loss: CA$3.30m (loss widened 117% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Sep 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$796k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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 (-CA$9.4m free cash flow). Negative equity (-CA$796k). Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (CA$8.74m market cap, or US$6.43m). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (CA$4.0m revenue, or US$3.0m). Recent Insider Transactions • Nov 18
President recently sold CA$372k worth of stock On the 9th of November, Francis Letourneau sold around 600k shares on-market at roughly CA$0.62 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Francis has been a net seller over the last 12 months, reducing personal holdings by CA$408k. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Francis Letourneau is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Hassan Kabbani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 13
Nuran Wireless Inc. announced that it has received CAD 2 million in funding Nuran Wireless Inc. announced a non-brokered private placement of convertible debentures with a strategic investor for aggregate gross proceeds of CAD 2,000,000. The convertible debentures were issued at a discount of 10% and the principal of CAD 2,222,222 is convertible into common shares at a fixed price of CAD 1.35 at the option of the debenture holder. The principal amount is due one year from the date of closing and does not bear interest until the maturity date or an event of default occurs. The investor received 1,481,481 share purchase warrants with each warrant exercisable to acquire one common share of the company at an exercise price of CAD 2 for a period of 24 months from the date of closing. The debentures may be prepaid by the company at any time prior to the maturity date, upon ten business days’ notice to the debenture holder, subject to the company paying a price equal to 103% of the principal amount of the debentures then outstanding plus accrued and unpaid interest thereon. Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Hassan Kabbani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 17
Nuran Wireless Inc. Appoints Hassan Kabbani as to Board of Directors NuRAN Wireless Inc. announced the appointment of Mr. Hassan Kabbani to the Company's board of directors effective immediately. Mr. Kabbani is aseasoned senior telecoms expert with more than thirty years of experience in the telecom and technology industry. He has extensive experience in establishing effective business strategy and P&L management, business development and transformation. He has a proven track record in boosting performance and increasing profitability within an organization and has successfully led several large telecom organizations in multiple countries, including Zain, Orange, Orascom Telecom and Telecel International. Currently, Mr. Kabbani is a member of the Board of Directors of Togocom, Monty Mobile, Watary and Golden Tower. In addition to his directorship, Mr. Kabbani will be establishing an Operations Committee of theBoard tasked with optimizing the network rollout, monitoring KPIs of NuRAN's NaaSinfrastructure. His extensive telecommunications leadership background, focus on results, long-term strategic growth and strong operational execution, will help NuRAN enhance its operationaland business performances. Duyuru • Jun 14
Nuran Wireless Inc., Annual General Meeting, Aug 10, 2022 Nuran Wireless Inc., Annual General Meeting, Aug 10, 2022. Reported Earnings • Jan 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.63 loss per share (down from CA$0.27 loss in FY 2020). Revenue: CA$1.41m (down 64% from FY 2020). Net loss: CA$12.8m (loss widened CA$10.9m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.63 loss per share (down from CA$0.27 loss in FY 2020). Revenue: CA$1.41m (down 64% from FY 2020). Net loss: CA$12.8m (loss widened CA$10.9m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 30
Third quarter 2021 earnings released: CA$0.23 loss per share (vs CA$0.008 loss in 3Q 2020) Third quarter 2021 results: Net loss: CA$5.24m (loss widened CA$5.19m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Jul 14
NuRAN Wireless Inc. announced that it has received CAD 11.065433 million in funding from Space-Communication Ltd On July 12, 2021, NuRAN Wireless Inc. closed the transaction. The company issued 7,232,309 units for gross proceeds of CAD 11,065,433 in the transaction. Reported Earnings • Jul 02
Second quarter 2021 earnings released The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$410.5k (down 71% from 2Q 2020). Net loss: CA$1.12m (loss widened 2.5% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Jun 30
NuRAN Wireless Inc. announced that it expects to receive CAD 10.999999 million in funding from Space-Communication Ltd NuRAN Wireless Inc. (CNSX:NUR) announced a non-brokered private placement of up to 7,189,542 units at a price of CAD 1.53 per unit for gross proceeds of CAD 10,999,999.26 led by Space-Communication Ltd on January 29, 2021. Space-Communication Ltd will subscribe for 2,614,379 Common shares and 182,000 warrants for gross proceeds of CAD 4,000,000. Each unit is comprised of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of CAD 2.40 per common share for a period of 24 months from the date of issuance. In the event that the trading price of the common shares equals or exceeds CAD 2.64 for any period of 10 consecutive trading days at any time after four months and one day from the date of issuance, the company may, at its option, accelerate the expiry date of the warrants in which case the expiry date of the warrants will be accelerated to the 30th day after the date on which the company provides notice of exercise to the holder.
Certain directors, officers and other insiders of the company may participate in the transaction. Although the Offering will be non-brokered, the company may, as compensation to dealers and individuals that introduce subscribers to the company, and subject to regulatory approval, pay a cash finder's fee to each finder equal to 7% of the aggregate gross proceeds of the subscribers introduced to the company by such finder; and issue non-transferable Common Share purchase warrants to each finder with terms identical to the warrants equal to 7% of the aggregate units of the subscribers introduced to the company by such finder. The securities issued in connection with the transaction will be subject to a four-month hold period, in accordance with applicable securities laws. The transaction may be closed in one or more tranches. Duyuru • May 21
NuRAN Wireless Inc. Provides Update on Networking Sites in Cameroon and Democratic Republic of the Congo NuRAN Wireless Inc. provided the following update on the progress of its Network as a Service contracts with Orange S.A. for the build out of networking sites in Cameroon and Democratic Republic of the Congo (DRC). Each site consists of towers and related equipment to be installed by NuRAN with a particular focus on rural communities in Cameroon and DRC. The towers fall into one of four categories depending on population density and coverage requirements. NuRAN's technology uses a carrier-grade GSM base station powered by solar as part of a small-footprint (3 meters x 3 meters x 15 meters tall) remote tower. Cameroon Rollout Plan (242 Sites Total): First set of 48 sites have been acquired and the procurement process has been completed. During this process the company have identified significantly higher population densities than anticipated. Delivery of all materials and networking equipment necessary to build the sites to Douala, Cameroon is expected to be completed by the end of July, 2021. The entire 48 sites are expected to be acquired by July, 2021 and fully operational in September, 2021 at which time Nuran will start invoicing Orange Cameroon. The second set of 74 sites have been selected. The site planning and procurement process for the 74 sites is expected to be completed in May, 2021 with delivery of materials and networking equipment in order to have the site operational and delivering revenue in December, 2021. The site selection and site acquisition are currently ongoing for the remainder of the 242 sites. A revised financial analysis of the initial 122 sites selected suggests a 50% gross revenue increase to approximately $3 Million (CAD) per year compared to initial projections of $2 Million (CAD) per year therefore resulting in potential gross revenue of $30 Million (CAD) over the 10-year life of the contract as opposed to $20 Million (CAD) that was initially projected. This is primarily due to increased population densities from those previously estimated. This does require higher specification equipment than was previously budgeted which is expected to increase the build costs by approximately 10-15%.NuRAN has signed an agreement with Eutelsat (ETL.PA) for the Satellite backhaul managed services. Eutelsat has a fleet of 39 satellites serving broadcasters, video service providers, telecom operators, ISPs and government agencies operating across Europe, Africa, Asia and the Americas. Eutelsat is one of the leading operators in the commercial satellite business. DRC Rollout Plan (2,000 Sites Total):NuRAN is currently evaluating a list of 3,000 potential site locations. Population densities are larger than previously expected. NuRAN has determined that the densities have increased on average by 40%. NuRAN has presented its rollout strategy and plan to Orange. Due to previously anticipated delays in certain electronic components, NuRAN has taken steps to source and acquire a number of components in order to mitigate its risk on potential delivery delays. NuRAN is engaged in discussions with a number of international financial institutions on alternative financing strategies to support the rollout. Reported Earnings • Apr 07
First quarter 2021 earnings released: CA$0.094 loss per share (vs CA$0.028 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$470.4k (down 77% from 1Q 2020). Net loss: CA$1.36m (loss widened CA$1.17m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2020 earnings released: CA$0.27 loss per share (vs CA$0.57 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$3.93m (up 85% from FY 2019). Net loss: CA$1.89m (loss narrowed 47% from FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 14
Consultant & Special Advisor recently sold CA$178k worth of stock On the 9th of February, Martin Bedard sold around 71k shares on-market at roughly CA$2.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$215k more than they bought in the last 12 months. Duyuru • Feb 13
NuRAN Wireless Inc., Annual General Meeting, Apr 23, 2021 NuRAN Wireless Inc., Annual General Meeting, Apr 23, 2021. Agenda: Annual & Special Meeting. Duyuru • Feb 10
NuRAN Wireless Inc. Announces Major Network as a Service Agreement with ORANGE DRC NuRAN Wireless Inc. entered into a Network as a Service ("NAAS") contract dated as of February 5, 2021 with Orange DRC SA ("Orange DRC"), for its NAAS model which is estimated to generate gross revenue for the Company of up to CAD 500 million during the term of the agreement commencing February 5, 2021. Under the terms of the agreement with Orange DRC, NuRAN is partnering with an ecosystem of partners for the purpose of constructing and operating 2,000 new NuRAN towers over the next 40 months throughout the Democratic Republic of the Congo (DRC) in Central Africa to meet pent-up demand, with a particular focus for rural communities with populations around 5,000. The towers fall into one of four categories depending on population density and coverage requirements. NuRAN's technology, which won the GSMA Connected Society Innovation Fund for Rural Connectivity in 2020, uses a carrier-grade GSM base station powered by solar as part of a small-footprint (3 meters x 3 meters x 15 meters tall) remote tower. This contract is in line with the strategy to expand the NAAS business model across Africa. This is the second significant contract in Africa and with Orange after having already previously announced the agreement with Orange Cameroon SA. This contract further demonstrates the demand from Mobile Network Operators (MNOs) for this type service and revenue model as well as improving the partnership with Orange. The agreement with Orange DRC is subject to a number of terms and conditions including the following: The contract has a minimum term of 10 years for each site built by the Company. Each site consists of the installation by NuRAN and its partners of its Networking equipment as well as antennas, cabling, solar power systems, towers and related installation services. The agreement features a revenue sharing structure including a minimum guaranteed monthly fee per site built for the first five years of the agreement which is intended to partially cover the operating and financing costs. NuRAN has agreed to ensure that during the term of the agreement the activities of distribution and resale of mobile devices, SIM cards, recharge cards, and/or any other equipment or service necessary for subscribers to use the mobile services of the NuRAN/Orange DRC sites, will be managed by a local organization. The parties agreed to enter into a distribution contract within 3 months after the start of the partnership to govern the terms of the proposed distribution and resale activities. Is New 90 Day High Low • Feb 09
New 90-day high: CA$2.70 The company is up 335% from its price of CA$0.62 on 10 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 29% over the same period. Duyuru • Jan 29
NuRAN Wireless Inc. announced that it has received CAD 0.881895 million in funding On January 28, 2021, NuRAN Wireless Inc. (CNSX:NUR) closed the transaction. The transaction included participation from 54 investors. Duyuru • Jan 08
NuRAN Wireless Inc. Announces Appointment of Gael Campan as New COO NuRAN Wireless Inc. announced the appointment of Gael Campan as Chief Operating Officer. His roles have included Company Founder and Chairman of the Board as well as Chief Executive Officer, Country Manager and Regional Director at Millicom International Cellular, Orascom Telecom and VimPelcom among others, for which he led the creation of greenfield operations and successful turnarounds. Mr. Campan was also Chairman at Archimedes Private Equity based in Hong Kong, a Private Equity Firm focussed on investment opportunities in South East Asia. Duyuru • Dec 16
NuRAN Wireless Inc. announced that it expects to receive CAD 0.4 million in funding NuRAN Wireless Inc. (CNSX:NUR) announced a non-brokered private placement of up to 1,000,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 400,000 on December 14, 2020. Each unit consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.50 per share for a period of 18 months, provided that, if the closing price of the common share as quoted on the Canadian Securities Exchange on any 15 consecutive trading days is greater than CAD 0.65 per common share, the company may provide notice in writing to the holders of the warrants by issuance of a press release that the expiry date of the warrants will be accelerated to the 30th day. The securities issued in connection with the offering will be subject to a four-month hold period, in accordance with applicable securities laws. The offering may be closed in one or more tranches. There is no minimum subscription amount. Duyuru • Nov 21
NuRAN Wireless Inc. Receives First Purchase Order from iSAT Africa for Its Initial Commercial Rural Deployment in A Sub-Saharan African Country NuRAN Wireless Inc. announced that it has received its first purchase order from iSAT Africa for its initial commercial rural deployment in a Sub-Saharan African country. In addition to this initial order, NuRAN and ISAT have signed a preliminary agreement to supply a complete turnkey solution under a vendor financed model including managed services. ISAT Africa has a Network As A Service (“NAAS”) contract signed with a Mobile Network Operator (“MNO”) to supply and manage up to 500 sites over 5 years. NuRAN is selected to provide its Radio Access Network solution in addition to engineering services, installation, tower procurement, solar power systems and miscellaneous ancillaries. All of this will be done under the NAAS Model in a lease to purchase structured agreement whereby the assets will be transferred after the maturity of the term with the exception of managed services which will continue indefinitely. Nuran estimates that the total potential contract value is of over $13,000,000 with expected yearly revenue of over $2,600,000 once at full scale. The signed preliminary agreement confirms the intent of NuRAN and iSAT Africa to engage in a network expansion project and lays out the main commercial parameters of an eventual agreement. The preliminary agreement allows NuRAN to further its network build strategy while the terms of the definitive contract are being finalized. Is New 90 Day High Low • Nov 17
New 90-day high: CA$0.77 The company is up 3.0% from its price of CA$0.75 on 19 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 2.0% over the same period. Duyuru • Oct 30
Clear Blue Technologies International Inc. and NuRAN Wireless Inc. Win Contract to Power Rural Telecom for Orange in Cameroon Clear Blue Technologies International Inc. announced an agreement with NuRAN Wireless Inc. NuRAN and Clear Blue will provide Rural Telecommunications systems and ongoing operational services in Cameroon to Orange S.A. Clear Blue will provide its Smart Off-Grid solar-powered telecom solution as part of the Network-as-a-Service project. Phase 1 roll-out across 120 sites will take 12 months, commencing in fourth quarter 2020. The initial contract value for Clear Blue's participation in Phase 1 is approximately CAD 650,000. The rollout is expected to begin in early 2021 once final financing contracts are executed. Subsequent phases planned for Year 2 and Year 3 of roll-out are valued at an additional estimated CAD 800,000 combined for Clear Blue, bringing the total contract value to CAD 1.45 million. Clear Blue's ongoing Illumience management services will be provided to NuRAN on an ongoing basis. Is New 90 Day High Low • Oct 27
New 90-day low: CA$0.42 The company is down 58% from its price of CA$1.00 on 29 July 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 2.0% over the same period.