Canada's Terago Q2 revenue falls on installation delays
Canada's Terago Q2 revenue falls on installation delays
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 |
|
Reuters Recommended Reads
Aug 10 - Canada's DATA Communications Q2 revenue falls on lower prior-year sales activity
Aug 11 - Anterix fiscal Q1 net income beats estimates on license exchange gain
Aug 11 - Peraso Q2 net loss widens on lower revenue, higher operating expenses
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)