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Edgewater Wireless Systems Inc V.YFI

Alternate Symbol(s):  KPIFF

Edgewater Wireless Systems Inc. is engaged in Spectrum Slicing technology for residential and commercial markets. The Company develops advanced wireless fidelity (Wi-Fi) silicon solutions, access points, and intellectual property (IP) licensing designed to meet the service needs of service providers and their customers. Its physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Its silicon solutions are products delivering multiple, concurrent channels of Tx and Rx from a single, Wi-Fi standard compliant radio. Its Spectrum Slicing powered products are designed to address the needs of carrier-class, high-density Wi-Fi for both residential and commercial deployments. Its products are designed with its comprehensive, user- friendly and intuitive Element Management System-EdgeNet, that offers service providers with flexibility in configuring and independently monitoring each 802.11 channel in the network.


TSXV:YFI - Post by User

Post by leodevoeon Dec 28, 2023 1:41pm
66 Views
Post# 35802885

Financials

FinancialsReally nothing surprising to see here. They obviously had no revenue and lost a bunch of money. The only thing that stood out was the fact that in 3 months they only spent $17K. So no one got paid last Q. Employees or vendors. Which is why their AP went up $400K. That $391K isn't going far. On top of this Andy dumped another $50K into shares. I'd bet the other baggies made it a condition of their participation. Talk about throwing good money after bad. Me thinks Andy may need an intervention. 
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