Canada's Terago Q1 revenue falls on lower bookings

TeraGo

12/05/2026 22:10

Overview

Canada managed network provider's Q1 revenue fell 3.8% yr/yr due to lower bookings and installation delays

Q1 adjusted EBITDA declined 9.8% yr/yr as a result of lower revenues

Net loss narrowed to C$3.1 mln from C$3.5 mln a year earlier

Outlook

Company expects to continue aligning cost structure and operations with current business scale in 2026

Company believes it is well positioned to support data-intensive business applications in 2026

Company sees ongoing demand for secure, high-capacity connectivity solutions in 2026

Result Drivers

LOWER BOOKINGS AND INSTALLATION DELAYS - Co said revenue decline was mainly due to decreased bookings in 2025 and delays in installations for larger multi-site deployments

CUSTOMER BASE OPTIMIZATION - Management said discontinuing service to unprofitable accounts also contributed to lower revenue

FOCUS ON MID-MARKET AND ENTERPRISE - Co said increased ARPA and reduced churn resulted from targeting mid-market and multi-location customers and implementing new retention strategies

Company press release: ID:nCNW1s5SKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$6.17 mln
Q1 EPS
-C$0.08
Q1 Net Income
-C$3.14 mln
Q1 Adjusted EBITDA
C$931,000
Q1 Gross Margin
73.40%
Q1 Income from operations
-C$1.16 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)