Edgewater Wireless Reports Fiscal Year 2025 Financial Results and Provides Corporate Update

OTTAWA, Ontario & SAN JOSE, Calif.--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Company”), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ technology today reported its audited financial results for the fiscal year ended April 30, 2025, and provided a corporate update. All figures are in Canadian dollars and prepared in accordance with IFRS unless otherwise stated.

Management Commentary

“FY2025 was about setting foundations: strengthening our silicon roadmap, moving key packaging initiatives forward, and expanding our ecosystem through Arm® (NASDAQ: ARM) and Silicon Catalyst,” said Andrew Skafel, President & CEO of Edgewater Wireless. “We’re executing against a capital-efficient plan to commercialize Spectrum Slicing—aligning with service-provider demand for deterministic, lower-latency Wi-Fi—and we’re pleased with the momentum heading into FY2026.”

FY2025 Business Highlights

• Silicon & Packaging Progress: Achieved a significant production milestone and initiated packaging for advanced Wi-Fi RF front ends, establishing a secure supply line.
• Joined Arm® Flexible Access Program: Securing broad IP access -- including proven compute and AI modules—to accelerate the Company’s next-gen Wi-Fi baseband.
• Silicon Catalyst: Selected for Silicon Catalyst’s incubator + accelerator program and Silicon Catalyst became a significant stakeholder; COO Nick Kepler joined the Edgewater team as a Board Observer.
• AI Subsystem Prototyping: Initiated prototyping of an AI subsystem powered by Arm® to enhance intelligent, edge-centric Wi-Fi performance.
• Ecosystem Visibility: Participated in CableLabs Winter Conference, CHIPS North, RDK Tech Summit, and slated to speak on Silicon Catalyst’s “Catalysts of Innovation” (https://tinyurl.com/yc654ukf) panel with Arm®.
• Governance: Shareholders approved a 20% fixed stock option plan; Jim Skippen (former WiLAN CEO) nominated and appointed to the Board.

FY2025 Financial Summary (Year ended April 30, 2025)

On December 31, 2024 (end of FQ2 2025) Edgewater closed an oversubscribed non-brokered private placement of $1.915 million. Additionally, in FQ4 2025 Edgewater secured a $921,000 grant from FABrIC as part of a $2.4M project to advance next-generation Wi-Fi chip commercialization efforts¹. As a development stage company, Edgewater’s revenues for FY 2025 were nil. Net loss for FY 2025 was $2,056,993 compared to a net loss of $90,672 in FY 2024. Share-based payments (primarily SiCat warrants and employee incentive options) of $1,341,865 accounted for over 65% of its FY2025 net loss, having been expensed as general and administrative (see Note 17 on page 29 of Fiscal 2025 Consolidated FS). Thus, Adjusted Net Loss for FY 2025 (excluding share-based payments) was $715,128, and actual cash used in operating activities such as silicon packaging, development and resourcing was $744,594 for the FY 2025. Detailed information from the Company’s audited Financial Statements and Management Discussion and Analysis are available on www.SEDAR.ca.

Outlook

Edgewater will continue advancing its AI-enabled baseband and RF front-end programs, pursuing IP licensing, reference designs, and capital-efficient product paths with ecosystem partners and service providers to deliver deterministic QoS and lower latency in dense Wi-Fi environments.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless delivers unmatched Wi-Fi QoS—bar none—by intelligently mitigating congestion, managing spectrum allocation in real-time, and autonomously reconfiguring channel and link density—driving economic gains for service providers and their customers through reduced churn, improved efficiency, and high-performance connectivity in dense environments. Redefining Wi-Fi from the silicon up, Edgewater’s patented, AI-powered Spectrum Slicing platform—delivered through the PrismIQ™ product family—breaks the limits of legacy Wi-Fi by enabling multiple concurrent channels in a single band. Wi-Fi Spectrum Slicing delivers 10x performance and up to 50% lower latency, even for legacy devices. With 26 patents and a fabless model, Edgewater is transforming the economics of Wi-Fi for service providers, OEMs, and enterprises—powering scalable, standards-aligned/leading connectivity across residential, enterprise, and Industrial IoT markets. A Silicon Catalyst portfolio company, Edgewater is building the intelligence wireless foundation for the next era of global connectivity.

Visit https://edgewaterwireless.com

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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^1 Source: https://edgewaterwireless.com/edgewater-wireless-wins-strategic-federal-grant-for-advanced-wi-fi-chip-commercialization/