Wi2Wi Corporation Reports Strong Q3 2024 Results

Wi2Wi Corporation, a key player in frequency control solutions, announced its unaudited financial results for the third quarter of 2024. The company achieved a 20% increase in revenues, totaling $1.709 million compared to Q3 2023. This growth was supported by improved gross margins, which rose significantly from 16% in Q2 to 27% in Q3. The increase is attributed to an optimized product mix and cost efficiencies.

CEO Ted Clark highlighted the company's focus on revenue growth and efficiency, noting that these results reflect Wi2Wi's commitment to delivering high-quality products. The company is expanding in high-growth sectors and building partnerships to ensure sustained growth. Wi2Wi is also broadening its manufacturing and distribution networks to support its strategic goals.

On the financial front, Wi2Wi reported a net loss of $78,000 for the quarter, an improvement from a $355,000 loss in Q3 2023. Total assets stood at $9.224 million, with cash on hand at $467,000.