Nuran Wireless Inc. (C:NUR)
Business Focus: Network Equipment
| Sector: Technology | Industry: Communications & Networking |
| Company Contact | |
| Address: | 2150 Cyrille Duquet, Suite 100 QUEBEC QC G1N 2G3 |
| Tel: | N/A |
| Website: | https://nuranwireless.com/en |
| IR: | See website |
| Key People | ||
| Francis Letourneau President, Chief Executive Officer, Director | Jim Bailey Chief Financial Officer, Director | David Parsons Chief Technology Officer |
| Business Overview |
| NuRAN Wireless Inc. is a Canada-based mobile and broadband wireless infrastructure solutions provider. The Company is focused on providing a network as a service. It provides second generation (2G), third generation (3G) and fourth generation wireless solutions to rural and remote areas. It operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and services to the mobile telephony industry. Its radio access network, core network and backhaul products give mobile network operators the ability to serve remote, low income and low population density locations, an unfeasible proposition with existing systems. Its wireless infrastructure systems are mobile wireless infrastructure equipment that uses small cell solutions. Its products include OC-2G, Litecell-xG and global system for mobile communications (GSM) LiteCell. Its tower categories include Lite Rural Site 2G, and Rural G2U2 Site 2G and 3G. |
| Financial Overview |
| For the nine months ended 30 September 2023, Nuran Wireless Inc revenues decreased 45% to C$2.1M. Net loss increased 13% to C$9.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Financial expenses - Balancing value increase of 84% to C$2.3M (expense), Administrative expenses increase of 10% to C$5.5M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $12.50M as of Sep 30, 2023 |
| Annual revenue (TTM): | $3.21M as of Sep 30, 2023 |
| EBITDA (TTM): | -$8.13M as of Sep 30, 2023 |
| Net annual income (TTM): | -$11.00M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$8.68M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $12.56M as of Sep 30, 2023 |
| Shares outstanding: | 50,778,819 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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