NuRAN Wireless Soars in Revenue but Faces Net Loss

Nuran Wireless (TSE:NUR) has released an update.

NuRAN Wireless Inc. has reported a significant increase in revenue for the second quarter of 2024, with a 151% rise compared to the same period last year, mainly due to the growth in their Network as a Service offerings. Despite the revenue boost, the company faced a net loss, which decreased by 14% compared to the previous year’s second quarter. The six-month financials similarly show a revenue increase and a decrease in net loss.

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