Business
Wi2Wi Corporation Announces Third Quarter 2025 Financial Results and Leadership Transition
TORONTO, ON / ACCESS Newswire / November 18, 2025 / Wi2Wi Corporation (TSX-V:YTY)(OTC:ISEYF) a...
About this update from Wi2wi Corp.
[{"type":"text","content":"Wi2Wi Corporation Announces Third Quarter 2025 Financial Results and Leadership TransitionTORONTO, ON / ACCESS Newswire / November 18, 2025 / Wi2Wi Corporation (TSX-V:YTY)(OTC:ISEYF) a leader in precision timing devices, frequency control products, and wireless technologies, today announced its financial results for the third quarter ended September 30, 2025 and leadership transition.Third Quarter Financial Highlights (Reported in $USD)Revenue of $1.75 million, representing a 3% increase compared to $1.71 million in the same period of Fiscal 2024.Gross profit of $219,000 down from $468,000 (27% margin) in the same period of Fiscal 2024.EBITDA loss of $141,306 compared to an EBITDA profit of $172,564 in the same period of Fiscal 2024Net loss of $351,000, compared to a net loss of $78,000 in the same period of Fiscal 2024.Cash on hand as of September 30, 2025: $292,000Net cash used in operations of: $361,000Working capital of: $2.75 millionCEO CommentaryTed Clark, CEO stated, \"Our third quarter results reflect the continued impact of the earlier quality issue, and while this has weighed on our performance, we are seeing signs of stabilization across the business. Customer confidence is returning, operational consistency is improving, and we are cautiously optimistic as we move into 2026. With strengthened processes and a clearer focus on execution, Wi2Wi is better positioned to build on its core strengths and support long‑term growth.\"A major shareholder demonstrated strong confidence in Wi2Wi's strategy and future potential by providing additional financial support. These funds will strengthen working capital and bolster inventory levels, enabling the Company to advance with a clear focus on execution and growth in its core avionics, industrial, and defense markets. Alongside this, Wi2Wi has expanded its sales team to enhance outreach and build new partnerships. Management expects these actions to drive significant increases in sales activity and partnership opportunities in the second half of the year.Leadership TransitionWi2Wi today announced that Chief Executive Officer Ted Clark will be stepping down from his role to spend more time with his family. The Board extends its sincere gratitude to Mr. Clark for his leadership during a challenging period, including strengthening the Company's core Precision Devices business...