Edgewater Wireless Reports First Quarter Fiscal Year 2026 Financial Results and Provides Corporate Update

OTTAWA, Ontario — Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Company”), the business pioneer of AI-powered Wi-Fi Spectrum Slicing™ know-how at present introduced its unaudited monetary outcomes for the three months ended July 31, 2025 (“Q1 FY2026”) and offered an replace on latest company developments. All figures are in Canadian {dollars} and ready in accordance with IFRS except in any other case acknowledged.

“We spent Q1 executing in opposition to a capital-efficient plan: progressing our Spectrum Slicing silicon/IP technique, strengthening ecosystem engagement, and securing non-dilutive assist,” mentioned Andrew Skafel, President & CEO of Edgewater Wireless Systems Inc. “With our RF front-end packaged and our Arm-powered AI subsystem prototyping underway, we’re centered on turning technical momentum into business outcomes.”

• Ecosystem & model: Presented Spectrum Slicing advantages for managed broadband at RDK Tech Summit 2025 (London) and took part within the Silicon Catalyst Portfolio Company Update (Silicon Valley); launched a new company web site and up to date investor presentation.
• Non-dilutive funding: ~C$921,000 award from FABrIC, Canada’s flagship semiconductor commercialization program, contributing to a ~C$2.4 million improvement challenge.
• Talent & incentives: Granted 500,000 inventory choices to a advisor (vested over two years) to align with milestone execution.

• Product milestones: Completed packaging of the Company’s RF front-end; initiated prototyping of an Arm-powered AI subsystem to reinforce clever, edge-centric Wi-Fi efficiency.
• Capital construction: Received TSXV approval to increase the maturity of the Company’s 2022 unsecured convertible debentures from September 1, 2025, to September 1, 2027, including an acceleration (forced-conversion) provision if the VWAP is ≥ $0.18 for 10 consecutive buying and selling days; all different phrases stay unchanged.
• Visibility: CEO chosen to take part on Silicon Catalyst’s “Catalysts of Innovation” panel alongside key ecosystem companions.

As of July 31, 2025, Edgewater reported money of $622,753 and a working capital deficiency with present property of $909,936 and present liabilities of $1,623,803. For the quarter, the Company recorded a internet lack of $359,956 (primary and diluted loss per share: $0.002; 237,879,348 weighted-average shares excellent), pushed by working bills of $359,736—together with G&A of $267,460 and product improvement of $68,113—partially offset by $72,060 of different earnings associated to eligible FABrIC program prices. Results additionally replicate a non-cash change in honest worth of convertible debentures of $58,469; present convertible debentures have been $480,800 at quarter-end. All figures are in Canadian {dollars} and unaudited. Detailed info is accessible within the Company’s Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the three months ended July 31, 2025, which can be found on SEDAR+.

Edgewater continues to execute a capital-efficient technique to commercialize Spectrum Slicing™ via silicon/IP licensing and reference designs. Near-term priorities embody advancing baseband and AI subsystems, deepening service-provider/OEM engagements, and leveraging non-dilutive packages to assist improvement. Management notes the going-concern danger components and the Company’s intention to pursue applicable financing and strategic choices to fund operations and progress.

Edgewater Wireless delivers unmatched Wi-Fi QoS—bar none—by intelligently mitigating congestion, managing spectrum allocation in real-time, and autonomously reconfiguring channel and hyperlink density—driving financial positive aspects for service suppliers and their prospects via decreased churn, improved effectivity, and high-performance connectivity in dense environments. Redefining Wi-Fi from the silicon up, Edgewater’s patented, AI-powered Spectrum Slicing platform—delivered via the PrismIQ™ product household—breaks the bounds of legacy Wi-Fi by enabling a number of concurrent channels in a single band. Wi-Fi Spectrum Slicing delivers 10x efficiency and as much as 50% decrease latency, even for legacy gadgets. With 26 patents and a fabless mannequin, Edgewater is remodeling the economics of Wi-Fi for service suppliers, OEMs, and enterprises—powering scalable, standards-aligned/main connectivity throughout residential, enterprise, and Industrial IoT markets. A Silicon Catalyst portfolio firm, Edgewater is constructing the intelligence wi-fi basis for the subsequent period of world connectivity.

Visit https://edgewaterwireless.com.

https://www.businesswire.com/information/house/20250929173944/en/

Andrew Skafel, President and CEO

Bill Mitoulas, Investor Relations
E: ir@edgewaterwireless.com
T: +1.416.479.9547