Viper Networks Demonstrates Strong Growth in Release of Annual Report
Viper Networks (OTCPK: VPER) has released its 2024 Annual Report, showcasing significant growth and operational improvements. Annual revenue surged to $936,597 in 2024, up from $30,600 in the previous year. The company completed several strategic initiatives, including the acquisition of Hammer Fiber Optics Holdings' telecommunications assets in exchange for 2.5 million HMMR shares.
Key operational achievements include deploying 108 smart poles in Colombo, Sri Lanka, and progress on projects in Chicago and the Eastern Caribbean. Financial highlights show the telecommunications unit generated $818,000 in revenue in November-December 2024, a 37.2% quarterly increase. While operating loss slightly increased to $536,359, net loss decreased to $319,085 from $820,933. The company achieved positive EBITDA and cash flow in Q4 2024.
Total assets grew to $2.978 million, with liabilities at $1.621 million. The company strengthened its balance sheet by converting $419,340 in notes payable and $225,000 in accrued salaries to Series B preferred stock.
Viper Networks (OTCPK: VPER) ha pubblicato il suo Rapporto Annuale 2024, evidenziando una crescita significativa e miglioramenti operativi. Il fatturato annuale è salito a $936,597 nel 2024, rispetto ai $30,600 dell'anno precedente. L'azienda ha completato diverse iniziative strategiche, inclusa l'acquisizione degli asset di telecomunicazioni di Hammer Fiber Optics Holdings in cambio di 2,5 milioni di azioni HMMR.
Tra i principali risultati operativi ci sono il dispiegamento di 108 pali smart a Colombo, Sri Lanka, e i progressi in progetti a Chicago e nei Caraibi orientali. I punti salienti finanziari mostrano che l'unità telecom ha generato $818,000 di fatturato nei mesi di novembre-dicembre 2024, con un aumento trimestrale del 37,2%. Sebbene la perdita operativa sia leggermente aumentata a $536,359, la perdita netta è diminuita a $319,085 rispetto a $820,933. L'azienda ha raggiunto un EBITDA positivo e un flusso di cassa nel quarto trimestre del 2024.
Il totale degli attivi è cresciuto a $2.978 milioni, con passività pari a $1.621 milioni. L'azienda ha rafforzato il proprio bilancio convertendo $419,340 di note pagabili e $225,000 di stipendi accumulati in azioni privilegiate di Serie B.
Viper Networks (OTCPK: VPER) ha publicado su Informe Anual 2024, destacando un crecimiento significativo y mejoras operativas. Los ingresos anuales aumentaron a $936,597 en 2024, en comparación con $30,600 del año anterior. La empresa completó varias iniciativas estratégicas, incluida la adquisición de los activos de telecomunicaciones de Hammer Fiber Optics Holdings a cambio de 2.5 millones de acciones HMMR.
Los logros operativos clave incluyen el despliegue de 108 postes inteligentes en Colombo, Sri Lanka, y avances en proyectos en Chicago y el Caribe Oriental. Los aspectos financieros destacan que la unidad de telecomunicaciones generó $818,000 en ingresos en noviembre-diciembre de 2024, un aumento trimestral del 37.2%. Aunque la pérdida operativa aumentó ligeramente a $536,359, la pérdida neta disminuyó a $319,085 desde $820,933. La empresa logró un EBITDA positivo y flujo de caja en el cuarto trimestre de 2024.
Los activos totales crecieron a $2.978 millones, con pasivos de $1.621 millones. La empresa fortaleció su balance al convertir $419,340 en notas por pagar y $225,000 en salarios acumulados en acciones preferentes de Serie B.
Viper Networks (OTCPK: VPER)는 2024년 연례 보고서를 발표하며 상당한 성장과 운영 개선을 보여주었습니다. 연간 수익은 2024년에 $936,597로 증가했으며, 이는 전년도 $30,600에서 크게 상승한 수치입니다. 회사는 Hammer Fiber Optics Holdings의 통신 자산을 250만 HMMR 주식과 교환하여 인수하는 등 여러 전략적 이니셔티브를 완료했습니다.
주요 운영 성과로는 스리랑카 콜롬보에 108개의 스마트 폴을 배치하고, 시카고 및 동카리브해 프로젝트에서의 진전을 포함합니다. 재무 하이라이트에 따르면, 통신 부문은 2024년 11월-12월에 $818,000의 수익을 창출했으며, 이는 분기 대비 37.2% 증가한 수치입니다. 운영 손실은 $536,359로 약간 증가했지만, 순손실은 $820,933에서 $319,085로 감소했습니다. 회사는 2024년 4분기에 긍정적인 EBITDA와 현금 흐름을 달성했습니다.
총 자산은 $2.978 백만으로 증가했으며, 부채는 $1.621 백만입니다. 회사는 $419,340의 지급어음과 $225,000의 미지급 급여를 시리즈 B 우선주로 전환하여 재무 상태를 강화했습니다.
Viper Networks (OTCPK: VPER) a publié son Rapport Annuel 2024, mettant en avant une croissance significative et des améliorations opérationnelles. Le chiffre d'affaires annuel a grimpé à 936 597 $ en 2024, contre 30 600 $ l'année précédente. L'entreprise a réalisé plusieurs initiatives stratégiques, y compris l'acquisition des actifs de télécommunications de Hammer Fiber Optics Holdings en échange de 2,5 millions d'actions HMMR.
Les principales réalisations opérationnelles incluent le déploiement de 108 poteaux intelligents à Colombo, au Sri Lanka, et des progrès sur des projets à Chicago et dans les Caraïbes orientales. Les points forts financiers montrent que l'unité de télécommunications a généré 818 000 $ de revenus en novembre-décembre 2024, soit une augmentation trimestrielle de 37,2 %. Bien que la perte d'exploitation ait légèrement augmenté à 536 359 $, la perte nette a diminué à 319 085 $ contre 820 933 $. L'entreprise a atteint un EBITDA positif et un flux de trésorerie au quatrième trimestre 2024.
Les actifs totaux ont augmenté à 2,978 millions de dollars, avec des passifs de 1,621 million de dollars. L'entreprise a renforcé son bilan en convertissant 419 340 $ de billets à payer et 225 000 $ de salaires accumulés en actions privilégiées de série B.
Viper Networks (OTCPK: VPER) hat seinen Jahresbericht 2024 veröffentlicht, der ein signifikantes Wachstum und betriebliche Verbesserungen zeigt. Der Jahresumsatz stieg 2024 auf $936,597, im Vergleich zu $30,600 im Vorjahr. Das Unternehmen hat mehrere strategische Initiativen abgeschlossen, darunter die Übernahme der Telekommunikationsanlagen von Hammer Fiber Optics Holdings im Austausch für 2,5 Millionen HMMR-Aktien.
Zu den wichtigsten betrieblichen Erfolgen gehört der Einsatz von 108 Smart-Pfosten in Colombo, Sri Lanka, sowie Fortschritte bei Projekten in Chicago und der Ostkaribik. Finanzielle Höhepunkte zeigen, dass die Telekommunikationseinheit im November-Dezember 2024 $818,000 Umsatz generierte, was einem Anstieg von 37,2 % im Quartalsvergleich entspricht. Während der operative Verlust leicht auf $536,359 anstieg, verringerte sich der Nettverlust auf $319,085 von $820,933. Das Unternehmen erzielte im 4. Quartal 2024 ein positives EBITDA und einen positiven Cashflow.
Die Gesamtsumme der Vermögenswerte wuchs auf $2.978 Millionen, während die Verbindlichkeiten bei $1.621 Millionen lagen. Das Unternehmen stärkte seine Bilanz, indem es $419,340 an zahlbaren Schuldscheinen und $225,000 an aufgelaufenen Gehältern in Vorzugsaktien der Serie B umwandelte.
- Revenue surge to $936,597 from $30,600 year-over-year
- Telecommunications unit showed 37.2% quarterly revenue growth
- Achieved positive EBITDA and cash flow in Q4 2024
- Net loss decreased significantly to $319,085 from $820,933
- Assets grew to $2.978M while maintaining controlled liability growth
- Successful debt-to-equity conversion improving balance sheet structure
- Operating loss increased to $536,359 from $517,110
- High SG&A expenses of $347,340 in first three quarters
- Net loss of $319,085 despite improved performance
TROY, Mich., March 17, 2025 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) released its Annual Report today, showing strong revenue growth, substantially improved cash flow, and positive EBITDA (non-GAAP) in the 4th quarter of 2024.
Substantial milestones for the year include:
- The company closed on the acquisition of the telecommunications assets of Hammer Fiber Optics Holdings Corp – 0Wire Communications, LLC (formerly 1stPoint Communications, LLC) and its subsidiaries and Endstream Communications, LLC – in exchange for 2,500,000 shares of HMMR common stock. The HMMR common stock was obtained in a Share Exchange Agreement with two related parties in exchange for the company’s Series B preferred stock.
- During the year the company completed the deployment of 108 smart poles and their Apollo smart lights in the capital city of Colombo, Sri Lanka. The project was a pilot for future projects which are currently in the design phase.
- The company progressed in its proposed pilot project to deploy smart poles in the Chicago greater metro area, and expects to finalize the project in the coming quarters.
- The company also progressed in its deployment in the Eastern Caribbean, with the first deployment expected in the third quarter of 2025.
- The Board of Directors approved the conversion of
$419,340 in notes payable to related parties to Series B preferred stock and the conversion of$225,000 in accrued salaries of related parties to Series B preferred stock, substantially improving the company’s balance sheet. - All responsibility for the accounting and financial operations of the company have been assumed by the accounting and management staff of 0Wire Communications. The management and operations of the company improved substantially, with the addition of a new Chief Executive Officer, Chief Administrative Officer and Secretary along with several other key senior management positions.
- The company began its strategic rebranding effort. 0Wire was selected because of its alignment with the company’s Everything Wireless: Telecommunications+Energy strategy.
Financial milestones include:
- Annual revenue increased to
$936,597 in 2024, from$30,600 for the same period in the prior year. Annual revenue included only two months of operations of 0Wire Communications and Endstream Communications. - The telecommunications business unit reported
$770,000 in revenue during the period from August 1, 2024 to October 31, 2024 prior to the acquisition by Viper. The business unit generated in excess of$818,000 in revenue in just two months in November and December, a37.2% increase in gross revenue as reported on a quarterly basis. - Operating loss increased marginally to
$536,359 from$517,110 in the prior period.$347,340.10 of the SG&A expenses were accrued in the first three quarters of 2024 by Viper, compared with only$17,462 in the final two months of the year. The decrease in SG&A was due to the reduction in accrued salary expenses, contract expenses and accounting expenses caused by the substantial synergies achieved in the acquisition of 0Wire Communications. - Net loss decreased to
$319,085 from a loss of$820,933 in the prior year. The entirety of the loss was accrued during the first ten months of the period. Operations were both EBITDA and cash flow positive for the last two months of the year. - Total assets increased to
$2.97 8 million, while total liabilities increased to only$1.62 1 million, compared with $.267 million in assets and $.527 million in liabilities at the end of the prior period.
“2024 was a transformative year for Viper. We are making progress across all of the business practices in our Everything Wireless strategy. Our Over-the-Top business continued to grow substantially in both our messaging and voice businesses, driven by our unique set of licenses,” said Erik Levitt, the company’s CEO. “We will continue to invest in and develop our fixed wireless, mobility, smart city and energy generation projects. We see the development of a ubiquitous platform for the sustainable global deployment of 5G as a key objective in developing markets.”
“The Board of Directors is very excited about our direction, management and growth in our operations,” said Farid Shouekani, Viper’s Chairman and President. “Our management team has the talent, energy and contacts to pursue our aggressive strategy. We are seeing strong results from operations in our first quarter of 2025. Investors can expect announcements about our mobility and smart city sectors in the coming quarters,” added Shouekani.
ABOUT VIPER NETWORKS, INC.
Viper Networks is a service provider of telecommunications, smart city and energy generation projects. Our “Everything Wireless Telecom+Energy” strategy is designed to integrate mobility, fixed wireless, over-the-top (“OTT”) technologies and smart cities into a single platform that can deployed in any market globally. For more information go to www.ViperNetworks.com or follow on X (formerly Twitter) Twitter@vipernetworks.
Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Company line: +1 248-724-1300
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