Edgewater Wireless Announces FY2025 Results and Corporate Update

08/28/2025 – 09:19 PM

OTTAWA, Ontario & SAN JOSE, Calif. – Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a pioneer in AI-powered Wi-Fi Spectrum Slicing™ technology, has released its audited financial results for the fiscal year ended April 30, 2025, alongside a corporate update. All figures are reported in Canadian dollars, adhering to IFRS standards unless explicitly stated otherwise.

Management Commentary

According to Andrew Skafel, President & CEO of Edgewater Wireless, FY2025 was a year of foundation-building. “We focused on solidifying our silicon roadmap, advancing critical packaging initiatives, and expanding our ecosystem through collaborations with Arm and Silicon Catalyst,” Skafel stated. “Our capital-efficient plan aims to commercialize Spectrum Slicing, aligning with the increasing demand from service providers for deterministic, lower-latency Wi-Fi. We are encouraged by the momentum as we move into FY2026.”

FY2025 Business Highlights

• Silicon & Packaging Progress: Achieved a key production milestone and initiated packaging for advanced Wi-Fi RF front ends, securing a reliable supply chain.
• Joined Arm® Flexible Access Program: Secured broad IP access, including proven compute and AI modules, to accelerate the development of the Company’s next-generation Wi-Fi baseband.
• Silicon Catalyst Partnership: Selected for Silicon Catalyst’s incubator + accelerator program, with Silicon Catalyst becoming a significant stakeholder. Nick Kepler joined the Edgewater team as a Board Observer.
• AI Subsystem Prototyping: Began prototyping an AI subsystem powered by Arm® to enhance intelligent, edge-centric Wi-Fi performance.
• Ecosystem Visibility: Actively participated in industry events like CableLabs Winter Conference, CHIPS North, and RDK Tech Summit, and will be speaking on Silicon Catalyst’s “Catalysts of Innovation” panel with Arm®.
• Governance: Shareholders approved a 20% fixed stock option plan; Jim Skippen (former WiLAN CEO) was nominated and appointed to the Board.

FY2025 Financial Summary (Year ended April 30, 2025)

Edgewater Wireless successfully closed an oversubscribed non-brokered private placement of $1.915 million on December 31, 2024 (end of FQ2 2025). Furthermore, in FQ4 2025, the company secured a $921,000 grant from FABrIC as part of a $2.4M initiative to boost next-generation Wi-Fi chip commercialization. Being in the development stage, Edgewater reported nil revenues for FY 2025. The net loss for the fiscal year was $2,056,993, compared to a net loss of $90,672 in FY 2024. A significant portion, over 65%, of the FY2025 net loss stemmed from share-based payments (primarily SiCat warrants and employee incentive options), amounting to $1,341,865, which were expensed as general and administrative costs. Consequently, the Adjusted Net Loss for FY 2025 (excluding share-based payments) was $715,128, and actual cash used in operating activities, including silicon packaging, development, and resourcing, totaled $744,594.

Outlook

Edgewater intends to continue pushing forward on its AI-enabled baseband and RF front-end programs. The company is pursuing IP licensing, reference designs, and capital-efficient product development strategies in collaboration with ecosystem partners and service providers. The goal is to deliver deterministic QoS and lower latency in densely populated Wi-Fi environments.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless delivers superior Wi-Fi QoS – bar none – by intelligently mitigating congestion, dynamically allocating spectrum in real-time, and autonomously reconfiguring channel and link density. This translates to tangible economic benefits for service providers and their customers, resulting in reduced churn, improved efficiency, and high-performance connectivity in high-density environments. The company’s patented, AI-powered Spectrum Slicing platform, delivered through the PrismIQ™ product family, redefines Wi-Fi from the silicon level up. This technology breaks the limitations of legacy Wi-Fi by enabling multiple concurrent channels within a single band. Wi-Fi Spectrum Slicing delivers a 10x performance boost and up to 50% lower latency, even for older devices. With 26 patents and a fabless model, Edgewater is revolutionizing the economics of Wi-Fi for service providers, OEMs, and enterprises, powering scalable, standards-aligned connectivity across residential, enterprise, and Industrial IoT markets. As a Silicon Catalyst portfolio company, Edgewater Wireless is building the intelligent wireless foundation for the next era of global connectivity.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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