NuRAN Wireless Inc. Reports Significant Financial Growth in 2024

Quebec, QC — May 1, 2025 — NuRAN Wireless Inc. (“NuRAN” or the “Company”), a Canadian telecommunications company specializing in wireless communication solutions, has announced its audited financial results for the year ended December 31, 2024. The company, listed on the Canadian National Stock Exchange (CSE:NUR), reported notable improvements in revenue, gross profit, and a reduction in net loss, reflecting its strategic growth and operational efficiency.

Key Financial Highlights:

  • Revenue Growth: NuRAN reported a revenue of $4,364,327 for the year ended December 31, 2024, marking a significant increase of 36.42% from $3,199,125 in the previous year. This growth is primarily attributed to a substantial increase in live Network as a Service (NaaS) sites, which accounted for almost 80% of the revenue increase.

  • Gross Profit Improvement: The company achieved a gross profit of $2,331,615, representing 53% of the revenue, compared to $543,820 (17%) in 2023. This improvement of $1,787,795 or 329% underscores the company’s enhanced operational performance and cost management.

  • Reduction in Total Expenses: Total expenses decreased by 11.99%, from $12,376,744 in 2023 to $10,892,426 in 2024. This reduction reflects NuRAN’s efforts to streamline operations and optimize resource allocation.

  • Decrease in Net Loss: Despite the positive trends in revenue and profit, NuRAN reported a net loss of $8,755,860 for 2024, a decrease of 28.94% from the $12,832,924 loss in 2023. This reduction in net loss indicates progress towards financial stability.

Strategic Focus and Future Outlook:

NuRAN’s CEO highlighted the substantial rise in gross profit as evidence of the company’s successful site build progress and the robust performance of its wireless infrastructure solutions. The company remains committed to expanding its operations and diversifying its site builds across various countries. NuRAN is focused on achieving positive EBITDA in the near term, which will be crucial for its long-term financial health and growth.

Company Overview:

NuRAN Wireless Inc. is a leading supplier of mobile and broadband wireless infrastructure solutions, serving industries such as healthcare, transportation, and energy. The company’s flagship product, the iWave Mobile Internet Protocol Suite, provides high-quality, reliable, and secure network connections for mobile applications and IoT devices. NuRAN also offers a range of wireless communication services, including public safety and emergency response systems, and has partnered with several renowned organizations to deliver innovative solutions.

Market Position:

As of April 29, 2025, NuRAN’s stock closed at 0.09 CAD, with a market capitalization of 4,880,000 CAD. The company’s price-to-earnings ratio stands at -0.344195, reflecting its current financial performance and market valuation.

NuRAN Wireless Inc. continues to demonstrate resilience and strategic growth in the competitive telecommunications sector, positioning itself for future success and innovation.

This article is based on the financial news and fundamental information provided for NuRAN Wireless Inc. as of May 1, 2025.