Edgewater Wireless Reports Fiscal 2026 Q2 Results and Advances PrismIQ(TM) Wi-Fi Spectrum Slicing(TM) Silicon Program

Executive Summary

• Edgewater Wireless reported a net loss of C$263,687 for the quarter ended Oct 31 2025 and C$623,643 for the six‑month period.
• The company achieved a key PrismIQ™ milestone by completing RF front‑end packaging on schedule and on budget.
• TSXV approved amendments to extend unsecured convertible debentures to Sept 1 2027 with an added acceleration feature tied to VWAP ≥ C$0.18 for 10 consecutive trading days.

Key Details

• Financial Highlights (Quarter):
• Cash balance: C$211,178.
• Net loss: C$263,687.
• Operating expenses: C$347,908.
• Other income (FABrIC program reimbursement): C$48,499.
• Financial Highlights (Six‑Month):
• Net loss: C$623,643.
• Operating expenses: C$707,644.
• Other income (FABrIC program): C$120,559; grant receivable at period end: C$87,573.
• Capital Structure (as of Oct 31 2025):
• Common shares outstanding: 237,902,445.
• Stock options outstanding: 17,895,000.
• Warrants outstanding: 67,837,139.
• Operational Milestones:
• Initiated prototyping of an AI subsystem (in partnership with Arm) to boost edge‑centric Wi-Fi performance.
• Completed RF front‑end packaging for the upcoming PrismIQ™ product family—on‑time and on‑budget.
• Corporate & Governance Updates:
• TSXV approved amendment extending unsecured convertible debentures to Sept 1 2027; added acceleration clause (conversion at Company’s election if VWAP ≥ C$0.18 for 10 consecutive days).
• Shareholders approved all AGM resolutions, including the 2025 Equity Incentive Plan.
• Board appointed Brian Imrie as Chair.
• Visibility & Marketing Activities:
• CEO Andrew Skafel invited to speak at Silicon Catalyst’s “Catalysts of Innovation” panel hosted with Arm at TSMC.
• Participation announced for Accelerated: Canada’s Semiconductor Symposium 2025 (Nov 25‑26, Vancouver).
• Engaged Winning Media LLC for a two‑month omnichannel digital marketing program – US$50,000, pending TSXV approval.

Notable Quotes

• “Our progress this quarter reflects disciplined, capital‑efficient execution across our PrismIQ™ roadmap—advancing AI‑enabled capabilities and hitting key silicon program milestones,” — Andrew Skafel, President & CEO.