American Marconi Wireless News - Wi2Wi Corporation Announces Third Quarter 2025 Financial Results and Leadership Transition

Third Quarter Financial Highlights (Reported in $USD)

• Revenue of $1.75 million, representing a 3% increase compared to $1.71 million in the same period of Fiscal 2024.

• Gross profit of $219,000 down from $468,000 (27% margin) in the same period of Fiscal 2024.

• EBITDA loss of $141,306 compared to an EBITDA profit of $172,564 in the same period of Fiscal 2024

• Net loss of $351,000, compared to a net loss of $78,000 in the same period of Fiscal 2024.

• Cash on hand as of September 30, 2025: $292,000

• Net cash used in operations of: $361,000

• Working capital of: $2.75 million

CEO Commentary

Ted Clark, CEO stated, "Our third quarter results reflect the continued impact of the earlier quality issue, and while this has weighed on our performance, we are seeing signs of stabilization across the business. Customer confidence is returning, operational consistency is improving, and we are cautiously optimistic as we move into 2026. With strengthened processes and a clearer focus on execution, Wi2Wi is better positioned to build on its core strengths and support long‑term growth."

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.

Leadership Transition

Wi2Wi today announced that Chief Executive Officer Ted Clark will be stepping down from his role to spend more time with his family. The Board extends its sincere gratitude to Mr. Clark for his leadership during a challenging period, including strengthening the Company's core Precision Devices business and reinforcing key customer relationships. His efforts have positioned Wi2Wi for its next phase of growth.

The Company has appointed Sue Amarin as Chief Executive Officer, effective immediately. Ms. Amarin brings more than 20 years of senior leadership experience in semiconductors, engineered electronic systems, and mission‑critical industrial markets, with key roles at Intel, Micron Technology, and Blaize. Her track record includes scaling revenue across global industrial and defense accounts, improving operational execution, and leading high‑impact technical customer engagement teams.

In her first year, Ms. Amarin will focus on strengthening sales execution, elevating customer engagement, tightening operational alignment across engineering and manufacturing, and accelerating design‑in activity with high‑reliability OEM accounts. These initiatives are intended to enhance responsiveness, improve margin quality, and support more predictable growth across Wi2Wi's core markets.

"Our thanks go to Ted for his commitment and steady leadership," said Gary DuBroc, Chair of the Board. "He helped sharpen the Company's strategic focus and put in place the operational groundwork needed to support future performance. We are also very pleased to welcome Sue as our new CEO. Her deep technical background, commercial discipline, and strong customer‑centric philosophy are exactly what Wi2Wi needs going forward."

"I am excited to join Wi2Wi at a pivotal time," said Ms. Amarin. "The Company has a strong foundation in precision timing solutions and a respected reputation among demanding aerospace, defense, and industrial customers. My priority is to ensure we listen closely to our customers, execute with discipline, and align our teams around delivering the performance, reliability, and responsiveness that these markets require. I look forward to working with the Board and the entire Wi2Wi team to unlock the Company's full potential."

Mr. Clark will remain available to support a smooth and orderly transition.

Third Quarter 2025 Financial Overview (unaudited)

Detailed and historical financial information is available here.

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.

View the original press release on ACCESS Newswire

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