Wi2Wi Corporation Announces First Quarter 2026 Financial Results (Unaudited)

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[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / May 22, 2026 / Wi2Wi Corporation (TSXV:YTY) a leader in precision timing devices, frequency control products, and wireless technologies, today announced its financial results for the first quarter ended March 31, 2026.","length":250,"tagName":"p"},{"type":"text","content":"First Quarter Financial Highlights (Reported in $USD)","length":53,"tagName":"p"},{"type":"text","content":"Revenue:","length":8,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter revenue of $1.78 million, an 15% increase over Q1 2025","length":68,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":68,"olType":false},{"type":"text","content":"Gross Margin:","length":13,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter gross margin of 25%, compared to 11% in the prior year.","length":69,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":69,"olType":false},{"type":"text","content":"Profitability and Cash Flow:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter EBITDA profit of: $122,000","length":40,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash on hand as of March 31, 2026: $219,000","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash provided by operations of : $97,000","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter net loss of: $60,000","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"Working capital of: $2.45 million","length":33,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":194,"olType":false},{"type":"text","content":"CEO Commentary","length":14,"tagName":"p"},{"type":"text","content":"Sue Amarin, CEO stated: "Wi2Wi's performance in the first quarter of 2026 reflects the disciplined execution of the strategic priorities we have clearly outlined-namely, strengthening our operational foundation, enhancing internal processes and advancing product quality. These initiatives have contributed meaningfully to improvements in both revenue and gross margin during the quarter. Looking ahead, we remain confident that our unwavering focus on our core business to serve our key customers, combined with ongoing operational enhancements, will position Wi2Wi to capitalize on long-term growth opportunities...

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