Business
NuRAN Wireless Reports Third Quarter 2025 Financial Results
QUEBEC, QC / ACCESS Newswire / December 2, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company")(CSE:NUR) (OTCQB:NRRWF) (FSE:1RN) , a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce its financial ...
About this update from Nuran Wireless Inc
[{"type":"text","content":"QUEBEC, QC / ACCESS Newswire / December 2, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce its financial results for the quarter ended September 30, 2025.","length":314,"tagName":"p"},{"type":"text","content":"Highlights of the Company's financial results for the nine months ended September 30, 2025, include the following:","length":118,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $3,548,865 compared to $3,688,827, for the nine months ended September 30, 2024, a decrease of 3.7%. This includes $2,334,908 attributable to the Network as a Service (‘'NaaS'') revenue generating 80% gross margin.","length":237,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $2,189,662 (62%) for the nine months ended September 30, 2025, compared to $2,028,747 (55%) in 2024, an increase of $160,915 or 8%.","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Total expenses of $10,129,106 compared to $11,135,470 for the nine months ended September 30, 2024, a decrease of 9%. Savings in selling and administrative expenses were offset by increased financial expenses related to debt service costs of short-term borrowings and the Cygnum Capital facility as well as foreign exchange losses with most of these charges being non-cash.","length":373,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Loss of $8,424,579 compared to $8,131,565 for the nine months ended September 30, 2024, an increase of 3.6%.","length":112,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":869,"olType":false},{"type":"text","content":"Highlights from the Quarter:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"On July 18, 2025, NuRAN announced that it has initiated negotiations with its current debt holders and with new potential institutional investors and lenders to raise additional operating funds. The plan is to potentially restructure or replace much of its outstanding current debt instruments with better terms.","length":312,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":312,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"On August 26, 2025, th...