Wi2Wi Corporation Announces Three Months Ending September 30, 2024 (Unaudited)

Company Focused on Top-Line Growth and Business Efficiencies

TORONTO, ON / ACCESSWIRE / November 14, 2024 / Wi2Wi Corporation (TSXV:YTY), a leading supplier of frequency control solutions, today announced its unaudited financial results for the third quarter ended September 30, 2024. The company reported revenues of $1.709 million, reflecting a 20% increase over Q3 2023. Gross margin also improved sequentially, rising from 16% in Q2 to 27% in Q3, driven by optimized product mix and cost efficiencies.

Key Financial Highlights

"Our Q3 results demonstrate the progress we're making on our path to increased revenue and profitability," said Ted Clark, CEO of Wi2Wi Corporation. "We have strengthened our gross margins and continue to focus on both top-line growth and operational efficiencies. These improvements reflect our team's commitment to delivering the highest quality products and driving value for our shareholders. Moving forward, we are expanding our footprint in high-growth sectors and building partnerships that will support sustained growth."

Wi2Wi continues to expand its network of manufacturing representatives and distribution partners as part of the ongoing top line growth strategy. With an unwavering commitment to quality and customer satisfaction, Wi2Wi remains dedicated to delivering exceptional products and services. The company's clear strategic vision and proactive approach to growth continue to drive substantial business improvement, making Wi2Wi well-positioned for future success.

3 Months ending September 30, 2024 Overview (Unaudited)

(In thousands of U.S. dollars)		Quarter 3 2024				Quarter 3 2023
Revenue		$	1,709			$	1,421
Net income (loss)			(78	)			(355	)
Net cash provided by (used in) operations			(212