Canada's Terago reports 26% decrease in Q4 adjusted EBITDA

TeraGo

28/03/2026 01:38

Overview

Canada network services provider's Q4 revenue fell 5.7% yr/yr, driven by decreased bookings and delays

Q4 adjusted EBITDA declined 26.3% yr/yr, reflecting lower revenues

Company restated Q3 2025 financials for accounting adjustment, with no impact on revenue or adjusted EBITDA

Outlook

Company says macroeconomic pressures are extending procurement cycles and delaying contract signings

Terago plans continued investment in fixed wireless access and private 5G in 2026

Company expects to capitalize on rising demand for high-capacity, low-latency connectivity

Result Drivers

DECREASED BOOKINGS AND INSTALLATION DELAYS - Q4 revenue fell due to fewer bookings, delays in installations for larger multi-site deployments, and a reduction in one-time revenues

CUSTOMER BASE OPTIMIZATION - Revenue was further impacted as the company discontinued service to unprofitable accounts, partially offset by new customer additions

IMPROVED ARPA AND LOWER CHURN - Company saw higher average revenue per account and lower churn, reflecting efforts to attract larger customers and improve retention

Company press release: ID:nCNWlkfrva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
C$6.20 mln
Q4 EPS
-C$0.20
Q4 Net Income
-C$4.91 mln
Q4 Adjusted EBITDA
C$885,000
Q4 Gross Margin
73%
Q4 Income from operations
-C$1.87 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.)