Canada's Terago Q2 revenue falls on installation delays

TeraGo

12/08/2026 22:12

Overview
Canada wireless connectivity provider's Q2 revenue fell 2.1% yr/yr, driven by installation delays
Q2 adjusted EBITDA rose 16.8% yr/yr, mainly due to lower operating expenses
Net loss for Q2 narrowed compared to last year

Outlook
Company expects regulatory changes to support continued investment and long-term growth
TERAGO sees opportunities from flexible-use licensing in fixed wireless, private 5G, and enterprise mobility
Company expects mmWave spectrum framework to enhance strategic value and monetization potential

Result Drivers
INSTALLATION DELAYS & LOWER BOOKINGS - 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 contributed to lower revenue
ARPA GROWTH - Co attributed higher ARPA to focus on mid-market and large-scale multi-location customers and increasing wallet share with existing customers

Company press release: ID:nCNWHvWb4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$6.21 mln
 
Q2 Loss Per Share
 
C$0.10
 
Q2 Net Loss
 
C$3.82 mln
 
Q2 Adjusted EBITDA
 
C$1.06 mln
 
Q2 Gross Margin
 
72.9%
 
Q2 Income from operations
 
-C$1.74 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.)