Edgewater Wireless Reports Q2 results

Edgewater Wireless Systems Inc. (YFI: TSX.V) (OTCQB: KPIFF), the industry provider of innovative WiFi Multi-Channel Single Radio (“MCSR”) technology for residential and commercial markets, has released operating results for the quarter ended October 31, 2018, the company said.

The second quarter saw a series of activities that marked significant progress in the company´s development. Its enterprise business now includes Mediacom alongside The Kroger Co. and others

Gross Margins for the second quarter of 2019 were 25.9%, a significant increase over the 9.1% achieved in the quarter ending October 31, 2017.

Revenues for the reporting period were USD 127,900, which marked which marked sequential quarter on quarter growth of 64.6% and growth over the same quarter a year earlier of 484%.

Edgewater Wireless develops and commercializes edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers.