Edgewater Wireless reports Q1 2019 results

Edgewater Wireless Systems Inc. (TSX.V:YFI) (OTCQB:KPIFF), the developer of WiFi3â„¢ — multi-channel WiFi chipsets and access point products for high-density wireless networks — has announced operating results for the quarter ended July 31, 2018, the company said.

Key Highlights for the three months ended July 31, 2018 include:

Successful launch of two new products into production in Q1´19
Commenced regular production and shipment aligned to customer(s) deployment requirements
Gross Margins of 25.5%, a significant increase over the quarter ended July 31, 2017
Q1 2019 revenues of USD 77,700 which exceeded total Fiscal Year 2018 revenues
Order backlog is USD 1,066,341

Edgewater Wireless develops and commercializes edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Explore the evolution of Wi-Fi at www.EdgewaterWireless.com & www.aera.io.