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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 Apr 01, 2024 9:26pm
125 Views
Post# 35964081

By the numbers

By the numbers

No real surprises here. Revenue and losses aren't the issue here. Cash flow is the only metric of interest. Sadly they blew through about 75% of the recent PP in one quarter. And so two months ago they had $130K in the bank. Hard to say where that is today. They accrued $130K of salaries this Q. They now owe $468K of pay. Ouch. 

So as is seemingly the case on an accelerating basis they need to be raising cash. When the Annual is due in four months I’m sure they don't want it to once again be halted for not filing. Also notable is $6.6K on product development. Son of ED209 sure isn't being lavished with cash. 

Fair to say at this point the only question is can they raise cash. Based on the most recent attempt the market is clearly tightening. 

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