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Nuran Wireless ( (TSE:NUR) ) just unveiled an announcement.
NuRAN Wireless Inc. reported a 36.42% increase in revenue for 2024, driven by the expansion of its NaaS sites, and a significant improvement in gross profit, despite a net loss. The company is optimistic about achieving positive EBITDA in early 2025, bolstered by successful operations in Cameroon and strategic agreements like the US$ 32.2 million NaaS deal with MTN Benin. These developments highlight NuRAN’s commitment to bridging the digital divide in rural Africa and improving its financial position for future growth.
More about Nuran Wireless
NuRAN Wireless Inc. is a leading supplier of mobile and broadband wireless infrastructure solutions. The company focuses on providing Network-as-a-Service (NaaS) solutions, particularly in rural and underserved areas, with a significant presence in Sub-Saharan Africa.
YTD Price Performance: 12.50%
Average Trading Volume: 168,602
Technical Sentiment Signal: Buy
Current Market Cap: C$2.85M
Find detailed analytics on NUR stock on TipRanks’ Stock Analysis page.