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Earnings

Wi2Wi Corporation Announces Third Quarter 2025 Financial Results and Leadership Transition

By The Northwire Desk — AI Analysis Nov 18, 2025 · 09:00 YTY · 0.02 Wi2Wi Corporation
YTY · Price

Executive Summary

  • Wi2Wi reported Q3 2025 revenue of $1.75 M (up 3% YoY) but a widened net loss of $351 K versus $78 K in Q3 2024, reflecting continued impact from prior quality issues.
  • CEO Ted Clark stepped down; Sue Amarin was appointed CEO effective immediately, bringing extensive semiconductor and defense market experience.
  • A major shareholder provided additional capital to bolster working capital and inventory, supporting the company’s growth initiatives in avionics, industrial and defense markets.

Key Details

  • Revenue: $1,754 K (3% increase YoY).
  • Gross Profit: $219 K (down from $468 K YoY); gross margin 12.5%.
  • EBITDA: Loss of $141,306 (vs. profit of $172,564 YoY).
  • Net Loss: $(351,000) vs. $(78,000) in Q3 2024.
  • Cash on Hand (30 Sep 2025): $292 K (down from $467 K YoY).
  • Net Cash Used in Operations: $(361,000) (vs. $(212,000) YoY).
  • Working Capital: $2.75 M.
  • Total Assets: $8.56 M; Shareholders’ Equity: $2.82 M.
  • Leadership Change: Ted Clark resigns as CEO; Sue Amarin appointed CEO effective immediately.
  • CEO Background (Sue Amarin): 20+ years in semiconductors & engineered electronic systems; former roles at Intel, Micron Technology, Blaize. Focus on sales execution, customer engagement, operational alignment, and design‑in activity.
  • Board Statement: Gary DuBroc, Chair, thanked Ted Clark and welcomed Sue Amarin.
  • Additional Capital Support: Major shareholder injected undisclosed amount of financing to strengthen working capital and inventory levels.
  • Strategic Initiatives: Expansion of sales team; emphasis on core avionics, industrial, defense markets; aim to drive higher sales activity in H2 2025.

Notable Quotes

  • “Our third quarter results reflect the continued impact of the earlier quality issue… we are cautiously optimistic as we move into 2026.” – Ted Clark, outgoing CEO
  • “I am excited to join Wi2Wi at a pivotal time… my priority is to ensure we listen closely to our customers, execute with discipline…” – Sue Amarin, new CEO
  • “He helped sharpen the Company's strategic focus and put in place the operational groundwork needed to support future performance.” – Gary DuBroc, Chair of the Board
Read the original news release →

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Earnings Nov 18, 2025 · 18:27

Wi2Wi loses $351,000 (U.S.) in Q3, adds Amarin as CEO

Earnings