NuRAN Publishes its Second Insights Video on Q2 Results and Finance Q&A
NuRAN Wireless Inc. (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN) has released its second Insights Video on Q2 2024 results and finance Q&A. CFO Jim Bailey elaborates on the financial statements, highlighting that key metrics for revenue and gross profit in Cameroon align with projections. The video discusses capital expenditures, debt repayments, and financing potential for NuRAN Africa.
The company reports progress on site deployments, completing 11 sites in Cameroon and progressing with 10 more. Procurement for 60 out of 120 sites is complete. NuRAN expects to unlock a second US$1.5M drawdown from the Cygnum facility in October. Operations are launching in Benin and Ivory Coast, with core network integration expected by early November. The company aims to deliver 600 sites from the Cygnum Capital loan facility, focusing on multi-country expansion to diversify its business.
NuRAN Wireless Inc. (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN) ha pubblicato il suo secondo video di approfondimento sui risultati del secondo trimestre 2024 e una sessione di domande e risposte finanziarie. Il CFO Jim Bailey approfondisce i bilanci, evidenziando che i principali indicatori di fatturato e utile lordo in Camerun sono in linea con le previsioni. Nel video si parla di spese in conto capitale, rimborsi di debito e potenzialità di finanziamento per NuRAN Africa.
L'azienda riporta progressi nei implementazione dei siti, completando 11 siti in Camerun e proseguendo con altri 10. Gli acquisti per 60 su 120 siti sono stati completati. NuRAN prevede di sbloccare un secondo prelievo di 1,5 milioni di dollari statunitensi dalla struttura Cygnum in ottobre. Le operazioni stanno partendo in Benin e Costa d'Avorio, con integrazione della rete centrale prevista per inizio novembre. L'azienda mira a consegnare 600 siti dal prestito di Cygnum Capital, concentrandosi su un'espansione multi-paese per diversificare il proprio business.
NuRAN Wireless Inc. (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN) ha lanzado su segundo video de perspectivas sobre los resultados del segundo trimestre de 2024 y una sesión de preguntas y respuestas financieras. El CFO Jim Bailey detalla los estados financieros, destacando que los indicadores clave de ingresos y ganancias brutas en Camerún están alineados con las proyecciones. El video discute los gastos de capital, los pagos de deuda y el potencial de financiamiento para NuRAN África.
La empresa informa sobre avances en la implementación de sitios, completando 11 sitios en Camerún y avanzando con 10 más. La adquisición para 60 de 120 sitios está completa. Se espera que NuRAN desbloquee un segundo desembolso de 1.5 millones de dólares estadounidenses de la instalación Cygnum en octubre. Las operaciones están comenzando en Benín y Costa de Marfil, con la integración de la red central prevista para principios de noviembre. La empresa busca entregar 600 sitios del préstamo de Cygnum Capital, enfocándose en una expansión multinacional para diversificar su negocio.
NuRAN Wireless Inc. (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN)는 2024년 2분기 결과와 재무 Q&A에 대한 두 번째 인사이트 비디오를 공개했습니다. CFO 짐 베일리는 재무 제표에 대해 설명하며, 카메룬의 수익 및 총 이익 주요 지표가 예상과 일치한다고 강조합니다. 비디오에서는 자본 지출, 부채 상환 및 NuRAN 아프리카의 자금 조달 가능성에 대해 논의합니다.
회사는 현장 배치의 진행 상황을 보고하며, 카메룬에서 11개 사이트를 완료하고 10개에서 진행 중입니다. 120개 사이트 중 60개에 대한 조달이 완료되었습니다. NuRAN은 10월에 Cygnum 시설에서 두 번째 미화 150만 달러의 자금을 잠금 해제할 것으로 기대합니다. 베냉과 코트디부아르에서 작업이 시작되며, 핵심 네트워크 통합은 11월 초로 예정되어 있습니다. 이 회사는 Cygnum Capital 대출 시설에서 600개 사이트를 제공하려고 하며, 사업 다각화를 위한 다국적 확장을 목표로 하고 있습니다.
NuRAN Wireless Inc. (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN) a publié sa deuxième vidéo d'analyse sur les résultats du deuxième trimestre 2024 et une session de questions-réponses financières. Le directeur financier Jim Bailey explique les états financiers, soulignant que les indicateurs clés de revenus et de bénéfice brut au Cameroun correspondent aux prévisions. La vidéo aborde les dépenses d'investissement, les remboursements de dettes et le potentiel de financement pour NuRAN Afrique.
La société rapporte des progrès sur les déploiements de sites, ayant complété 11 sites au Cameroun et étant en avance sur 10 autres. L'approvisionnement pour 60 des 120 sites est terminé. NuRAN prévoit de débloquer un second tirage de 1,5 million de dollars américains de l'installation Cygnum en octobre. Les opérations commencent au Bénin et en Côte d'Ivoire, avec une intégration du réseau central prévue pour début novembre. L'entreprise vise à livrer 600 sites grâce au prêt de Cygnum Capital, en se concentrant sur une expansion multi-pays pour diversifier ses activités.
NuRAN Wireless Inc. (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN) hat sein zweites Insights-Video zu den Ergebnissen des zweiten Quartals 2024 und einer Finanz-Q&A veröffentlicht. Finanzvorstand Jim Bailey erläutert die Finanzberichte und hebt hervor, dass die Schlüsselkennzahlen für Umsatz und Bruttogewinn in Kamerun mit den Prognosen übereinstimmen. Im Video wird über Investitionen, Schuldenrückzahlungen und Finanzierungsmöglichkeiten für NuRAN Afrika diskutiert.
Das Unternehmen berichtet von Fortschritten bei der Standortbereitstellung, wobei 11 Standorte in Kamerun abgeschlossen sind und die Arbeiten an 10 weiteren voranschreiten. Die Beschaffung für 60 von 120 Standorten ist abgeschlossen. NuRAN erwartet, im Oktober eine zweite Auszahlung von 1,5 Millionen US-Dollar aus der Cygnum-Finanzierungsvereinbarung freizuschalten. Die Operationen beginnen in Benin und der Elfenbeinküste, wobei die Integration des Kernnetzwerks bis Anfang November erwartet wird. Das Unternehmen zielt darauf ab, 600 Standorte aus dem Cygnum Capital-Darlehen bereitzustellen und konzentriert sich auf eine länderübergreifende Expansion, um sein Geschäft zu diversifizieren.
- Key metrics for revenue and gross profit in Cameroon align with business plan projections
- Progress on debt financing announced in May, with added equity expected
- Positive site economics progress in the first half of the year
- Completed first batch of 11 sites in Cameroon, progressing with 10 more
- Procurement completed for 60 out of 120 sites in Cameroon
- Expected to unlock second US$1.5M drawdown from Cygnum facility in October
- Launching operations in Benin and Ivory Coast
- Aiming to deliver 600 sites from Cygnum Capital loan facility
- None.
QUEBEC, QC / ACCESSWIRE / September 26, 2024 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce the release of the second Insights Video on the NuRAN Wireless Youtube Channel. Following the August 20, 2024, video titled "Beyond the Press Release", this new video attempts to further elaborate on the Q2 results as well as dealing with several shareholder questions particularly on the financing of the business.
Jim Bailey, CFO at NuRAN, explains in more detail the Q2 2024 financial statements released on August 30, 2024. Key metrics for revenue and gross profit in Cameroon are aligning with previously forecasted business plan projections helping to further discussions with key partners based on the evolving financial performance of the NaaS business model. Mr. Bailey also does a deeper dive into capital expenditures and debt repayments and the expected impact on the potential to further finance NuRAN Africa. Progress is already being made on the debt financing announced in May as well as added equity to come alongside.
Mr. Bailey further discusses site economics and the positive progress in the first half of the year which is expected to continue with the new site builds. The local NaaS operations are benefiting from scale economies in Cameroon which are bringing benefits on a per site basis and for the operation. Closing the Cygnum Capital financing with the first drawdown in July marked a turning point and the Company looks forward to continuing positive results for the remainder of 2024 and into 2025.
Site Deployment Update
In September, the Company completed the first batch of 11 sites in Cameroon and is progressing with a second batch of 10 new sites. The procurement of the first wave of 60 out of 120 sites has been completed with materials currently being shipped to Cameroon.
Management expects to complete the conditions precedent to unlock the second US
The Company reports that it is launching operations in Benin and Ivory Coast. The core network elements integration is expected to be completed early November. Material and service partners have been selected and procurement is on-going for the initial batch of sites for those 2 countries.
Pursuing the objective of delivering 600 sites from the Cygnum Capital loan facility, management also focused on its expansion across multiple countries. This diversification is expected to have a significant impact on the business.
About NuRAN Wireless:
NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."
Additional Information:
For further information about NuRAN Wireless: www.nuranwireless.com
Francis Létourneau,
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337
Frank Candido
Investor relations
Frank.candido@nuranwireless.com
Tel: (514) 969-5530
Forward Looking Statements
This news release and the proposed video on its Youtube Channel include certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, such as the uncertainties regarding include risks such as the uncertainties regarding the impact of the COVID-19 outbreak, and measures to prevent its spread, risks relating to NuRAN's business and the economy generally; NuRAN's ability to refinance its long term debt; NuRAN's ability to collect fees from its telecommunication providers and reliance on the network of our telecommunications providers, the capacity of the Company to deliver in a technical capacity and to import inventory to Africa at a reasonable cost; NuRAN's ability to obtain project financing for the proposed site build out under its NaaS agreements with Orange, MTN and other telecommunication providers, the loss of one or more significant suppliers or a reduction in significant volume from such suppliers; NuRAN's ability to meet or exceed customers' demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in the Company's industry; effects of the global supply shortage affecting parts needed for NuRAN's sites and site installations; NuRAN's ability to retain key employees and protect its intellectual property; compliance with local laws and regulations and ability to obtain all required permits for our operations, access to the credit and capital markets, changes in applicable telecommunications laws or regulations or changes in license and regulatory fees, downturns in customers' business cycles; and insurance prices and insurance coverage availability, the Company's ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; the Company's ability to successfully implement its business strategies or realize expected cost savings and revenue enhancements; business development activities, including acquisitions and integration of acquired businesses; the Company's expansion into markets outside of Canada and the operational, competitive and regulatory risks facing the Company's non-Canadian based operations. Accordingly, readers should not place undue reliance on forward looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR+ at www.sedarplus.ca.
SOURCE: Nuran Wireless Inc.
View the original press release on accesswire.com
FAQ
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