Printer Friendly

Edgewater Wireless Reports Q2 results.

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

(C)2019 M2 COMMUNICATIONS http://www.m2.com

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.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:Jan 7, 2019
Words:191
Previous Article:SimMNSA gets security approval from Global Positioning System Directorate.
Next Article:T-Mobile, Seattle Mariners announce T-Mobile Park.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters