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Edgewater Wireless Reports Q2 results.

M2 EQUITYBITES-January 7, 2019-Edgewater Wireless Reports Q2 results


Edgewater Wireless Systems Inc. (YFI: TSX.V) (OTCQB: KPIFF), the industry provider of innovative WiFi Multi-Channel Single Radio ("MCSR") technology for residential and commercial markets, has released operating results for the quarter ended October 31, 2018, the company said.

The second quarter saw a series of activities that marked significant progress in the company's development. Its enterprise business now includes Mediacom alongside The Kroger Co. and others

Gross Margins for the second quarter of 2019 were 25.9%, a significant increase over the 9.1% achieved in the quarter ending October 31, 2017.

Revenues for the reporting period were USD 127,900, which marked which marked sequential quarter on quarter growth of 64.6% and growth over the same quarter a year earlier of 484%.

Edgewater Wireless develops and commercializes edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers.

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Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:Jan 7, 2019
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