on Wi2Wi Corporation (isin : CA9774861095)
Wi2Wi Corporation Reports Q2 2024 Financial Results
Wi2Wi Corporation has announced its unaudited financial results for the second quarter ending June 30, 2024. The company reported revenues of $1.685 million, indicating an 8% increase compared to Q2 2023 and a 12% increase compared to Q1 2024.
Wi2Wi aims to boost revenue growth by expanding its network of manufacturing representatives and distribution partners in the frequency control business. Significant growth was achieved in key U.S. territories during the second quarter, with plans to further strengthen the direct sales team.
CEO Ted Clark highlighted the company's efforts in optimizing costs and manufacturing efficiencies, which place Wi2Wi in a strong position for continued success in the latter half of 2024 and beyond.
Financial highlights include a decrease in net loss to $286K from $425K in Q2 2023 and positive net cash provided by operations at $190K, compared to a loss of $137K the previous year.
R. E.
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