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 industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ technology today announced its unaudited financial results for the three months ended July 31, 2025 (“Q1 FY2026”) and provided an update on recent corporate developments. All figures are in Canadian dollars and prepared in accordance with IFRS unless otherwise stated.

“We spent Q1 executing against a capital-efficient plan: progressing our Spectrum Slicing silicon/IP strategy, strengthening ecosystem engagement, and securing non-dilutive support,” said 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 focused on turning technical momentum into commercial outcomes.”

• Ecosystem & brand: Presented Spectrum Slicing benefits for managed broadband at RDK Tech Summit 2025 (London) and participated in the Silicon Catalyst Portfolio Company Update (Silicon Valley); launched a new corporate website and updated investor presentation.
• Non-dilutive funding: ~C$921,000 award from FABrIC, Canada’s flagship semiconductor commercialization program, contributing to a ~C$2.4 million development project.
• Talent & incentives: Granted 500,000 stock options to a consultant (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 enhance intelligent, edge-centric Wi-Fi performance.
• Capital structure: Received TSXV approval to extend the maturity of the Company’s 2022 unsecured convertible debentures from September 1, 2025, to September 1, 2027, adding an acceleration (forced-conversion) provision if the VWAP is ≥ $0.18 for 10 consecutive trading days; all other terms remain unchanged.
• Visibility: CEO selected to participate on Silicon Catalyst’s “Catalysts of Innovation” panel alongside key ecosystem partners.

As of July 31, 2025, Edgewater reported cash of $622,753 and a working capital deficiency with current assets of $909,936 and current liabilities of $1,623,803. For the quarter, the Company recorded a net loss of $359,956 (basic and diluted loss per share: $0.002; 237,879,348 weighted-average shares outstanding), driven by operating expenses of $359,736—including G&A of $267,460 and product development of $68,113—partially offset by $72,060 of other income related to eligible FABrIC program costs. Results also reflect a non-cash change in fair value of convertible debentures of $58,469; current convertible debentures were $480,800 at quarter-end. All figures are in Canadian dollars and unaudited. Detailed information is available in 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 are available on SEDAR+.

Edgewater continues to execute a capital-efficient strategy to commercialize Spectrum Slicing™ through silicon/IP licensing and reference designs. Near-term priorities include advancing baseband and AI subsystems, deepening service-provider/OEM engagements, and leveraging non-dilutive programs to support development. Management notes the going-concern risk factors and the Company’s intention to pursue appropriate financing and strategic options to fund operations and growth.

Edgewater Wireless delivers unmatched Wi-Fi QoS—bar none—by intelligently mitigating congestion, managing spectrum allocation in real-time, and autonomously reconfiguring channel and link density—driving economic gains for service providers and their customers through reduced churn, improved efficiency, and high-performance connectivity in dense environments. Redefining Wi-Fi from the silicon up, Edgewater’s patented, AI-powered Spectrum Slicing platform—delivered through the PrismIQ™ product family—breaks the limits of legacy Wi-Fi by enabling multiple concurrent channels in a single band. Wi-Fi Spectrum Slicing delivers 10x performance and up to 50% lower latency, even for legacy devices. With 26 patents and a fabless model, Edgewater is transforming the economics of Wi-Fi for service providers, OEMs, and enterprises—powering scalable, standards-aligned/leading connectivity across residential, enterprise, and Industrial IoT markets. A Silicon Catalyst portfolio company, Edgewater is building the intelligence wireless foundation for the next era of global connectivity.

Visit https://edgewaterwireless.com.

https://www.businesswire.com/news/home/20250929173944/en/

Andrew Skafel, President and CEO

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