Wi2Wi Corporation Announces Second Quarter 2025 Financial Results
Wi2Wi Corporation (OTC:ISEYF), a precision timing devices and wireless technologies company, reported challenging Q2 2025 financial results. Revenue declined 13% to $1.46 million compared to $1.68 million in Q2 2024. The company recorded a negative gross profit of $73,000, down from $266,000 in the prior year, and an increased net loss of $653,000 versus $286,000 in Q2 2024.
The poor performance was attributed to a one-time quality control issue with a key customer shipment and timing of tariff charges. Post quarter-end, the company received financial support from a major shareholder to strengthen working capital and inventory levels. Management expects improved performance in H2 2025, supported by expanded sales team efforts and increasing demand from defense and industrial customers.
Wi2Wi Corporation (OTC:ISEYF), azienda specializzata in dispositivi di temporizzazione di precisione e tecnologie wireless, ha riportato risultati finanziari deludenti per il secondo trimestre 2025. I ricavi sono scesi del 13% a $1,46 milioni rispetto a $1,68 milioni nel Q2 2024. La societ脿 ha registrato un margine lordo negativo di $73.000, in calo rispetto a $266.000 dell鈥檃nno precedente, e una perdita netta aumentata a $653.000 rispetto a $286.000 nel Q2 2024.
La scarsa performance 猫 stata attribuita a un problema di controllo qualit脿 una tantum su una spedizione a un cliente chiave e al timing degli oneri tariffari. Dopo la chiusura del trimestre, la societ脿 ha ricevuto supporto finanziario da un importante azionista per rafforzare il capitale circolante e i livelli di inventario. Il management prevede un miglioramento nella seconda met脿 del 2025, sostenuto dall鈥檈spansione della forza vendite e da una domanda in aumento nei settori della difesa e industriale.
Wi2Wi Corporation (OTC:ISEYF), empresa de dispositivos de temporizaci贸n de precisi贸n y tecnolog铆as inal谩mbricas, present贸 unos resultados financieros d茅biles en el 2T 2025. Los ingresos cayeron un 13% hasta $1,46 millones frente a $1,68 millones en el 2T de 2024. La compa帽铆a registr贸 un margen bruto negativo de $73,000, frente a $266,000 del a帽o anterior, y una p茅rdida neta mayor de $653,000 frente a $286,000 en el 2T de 2024.
El mal rendimiento se atribuye a un problema puntual de control de calidad en un env铆o a un cliente clave y al momento en que se aplicaron cargos arancelarios. Tras el cierre del trimestre, la empresa recibi贸 apoyo financiero de un accionista importante para fortalecer capital de trabajo e inventarios. La direcci贸n espera una mejora en la segunda mitad de 2025, impulsada por la ampliaci贸n del equipo de ventas y una mayor demanda de clientes del sector defensa e industrial.
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Wi2Wi Corporation (OTC:ISEYF), soci茅t茅 sp茅cialis茅e dans les dispositifs de synchronisation de pr茅cision et les technologies sans fil, a publi茅 des r茅sultats financiers d茅cevants au T2 2025. Le chiffre d鈥檃ffaires a diminu茅 de 13% 脿 1,46 million $ contre 1,68 million $ au T2 2024. La soci茅t茅 a enregistr茅 une marge brute n茅gative de 73 000 $, en baisse par rapport 脿 266 000 $ l鈥檃n pr茅c茅dent, et une perte nette accrue de 653 000 $ contre 286 000 $ au T2 2024.
Cette contre-performance est attribu茅e 脿 un probl猫me unique de contr么le qualit茅 sur une exp茅dition 脿 un client cl茅 et au calendrier des frais de douane. Apr猫s la cl么ture du trimestre, la soci茅t茅 a re莽u un soutien financier d鈥檜n actionnaire majoritaire pour renforcer le fonds de roulement et les niveaux de stock. La direction anticipe une am茅lioration au second semestre 2025, soutenue par l鈥櫭﹍argissement de l鈥櫭﹒uipe commerciale et une demande croissante des clients de la d茅fense et de l鈥檌ndustrie.
Wi2Wi Corporation (OTC:ISEYF), ein Unternehmen f眉r Pr盲zisions-Timing-Ger盲te und drahtlose Technologien, meldete schwache Finanzergebnisse f眉r Q2 2025. Der Umsatz sank um 13% auf $1,46 Millionen gegen眉ber $1,68 Millionen im Q2 2024. Das Unternehmen wies einen negativen Bruttogewinn von $73.000 aus, nach $266.000 im Vorjahr, und einen gestiegenen Nettoverlust von $653.000 gegen眉ber $286.000 im Q2 2024.
Die schlechte Performance f眉hrte das Management auf ein einmaliges Qualit盲tsproblem bei einer Kundensendung und das Timing von Zollbelastungen zur眉ck. Nach Quartalsende erhielt das Unternehmen finanzielle Unterst眉tzung eines Gro脽aktion盲rs zur St盲rkung des Working Capitals und der Lagerbest盲nde. Das Management erwartet eine Verbesserung in H2 2025, gest眉tzt durch den Ausbau der Vertriebsaktivit盲ten und eine steigende Nachfrage von Verteidigungs- und Industriekunden.
- None.
- Revenue declined 13% year-over-year to $1.46 million
- Recorded negative gross profit of $73,000 vs $266,000 profit in Q2 2024
- EBITDA loss increased to $442,008 from $76,206 year-over-year
- Net loss widened to $653,000 from $286,000 in Q2 2024
- Cash position decreased to $234,000 from $712,000 year-over-year
- Quality control issues affected key customer shipment
TORONTO, ON / / August 15, 2025 / Wi2Wi Corporation (TSXV:YTY)(OTC PINK:ISEYF) a leader in precision timing devices, frequency control products, and wireless technologies, today announced its financial results for the second quarter ended June 30, 2025.
Second Quarter Financial Highlights (Reported in $USD)
Revenue of
$1.46 million , representing a13% decrease compared to$1.68 million in the same period of Fiscal 2024.Gross profit of negative
$73,000 down from$266,000 (16% margin) in the same period of Fiscal 2024.EBITDA loss of
$442,008 compared to an EBITDA loss of$76,206 in the same period of Fiscal 2024Net loss of
$653,000 , compared to a net loss of$286,000 in the same period of Fiscal 2024.Cash on hand as of June 30, 2025:
$234,000 Net cash used in operations of :
$113,000 Working capital of:
$2.53 million
CEO Commentary
Ted Clark, CEO stated, "Second quarter results were impacted by a one-time quality control issue with a key customer shipment, which reduced margins and resulted in negative gross profit. The matter has been fully resolved, and enhanced quality controls are now in place. Also impacting second quarter gross profit was the timing of tariff charges for inventory received which won't be recovered until billing to the customer. Looking forward we see stronger demand, driven by on鈥憇horing initiatives and increased defense spending from key customers."
Subsequent to quarter-end, a major shareholder demonstrated strong confidence in Wi2Wi's strategy and future potential by providing additional financial support. These funds will strengthen working capital and bolster inventory levels, enabling the Company to advance with a clear focus on execution and growth in its core avionics, industrial, and defense markets. Alongside this, Wi2Wi has expanded its sales team to enhance outreach and build new partnerships. Management expects these actions to drive significant increases in sales activity and partnership opportunities in the second half of the year.
Second Quarter 2025 Financial Overview (unaudited)
(In thousands of U.S. dollars) | Quarter 2, 2025 | Quarter 2, 2024 | ||||||
Revenue | $ | 1,465 | $ | 1,685 | ||||
Net income | (653 | ) | (286 | ) | ||||
Net cash provided by (used in) operations | (113 | ) | 190 | |||||
Total assets | 8,699 | 6,531 | ||||||
Cash on hand | 234 | 712 | ||||||
Total current liabilities | 1,358 | 1,279 | ||||||
Shareholders' equity | 2,667 | 3,349 | ||||||
Detailed and historical financial information is available
About Wi2Wi Corporation
Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control components. Wi2Wi's Precision Devices brand of products has earned a premier spot in numerous key markets including avionics, aerospace, industrial equipment, government, and the US military. Wi2Wi's frequency control products are best-in-class and of the highest quality.
Founded in 2005, Wi2Wi's headquarters, design center and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, WI. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many tier-1 global partnerships with numerous industry leading silicon suppliers.
Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world class distributors for the fulfillment of orders all of which augment a US-based direct sales team.
Wi2Wi is extremely proud to serve many of the world's top companies with its made-in-America products.
Investor & Media Contact
Ted Clark, Chief Executive Officer
+1-469-545-3423
[email protected]
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward- looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Wi2Wi Corp.
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