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TeraGo Inc. ( (TSE:TGO) ) has issued an update.
TeraGo Inc. reported its financial results for the first quarter of 2025, highlighting a disciplined focus on profitability and efficiency. Despite a slight decrease in total revenue due to increased churn from discontinuing unprofitable accounts, the company saw a 10.9% increase in Adjusted EBITDA, driven by higher gross margins and lower operating expenses. The company also noted a significant increase in backlog MRR and ARPA, reflecting its strategy to attract larger, multi-location customers. The recent consultation by Innovation, Science and Economic Development Canada (ISED) regarding mmWave spectrum is seen as a positive development, providing regulatory clarity and supporting TeraGo’s strategy in the evolving connectivity landscape.
Spark’s Take on TSE:TGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:TGO is a Neutral.
TeraGo Inc.’s stock score reflects significant financial challenges, including declining revenues and high leverage. While technical indicators show some short-term momentum, the overall valuation remains unattractive due to ongoing losses. Positive corporate events provide some optimism, but substantial strategic improvements are necessary for sustainable growth.
To see Spark’s full report on TSE:TGO stock, click here.
More about TeraGo Inc.
TeraGo Inc. is Canada’s largest mmWave spectrum holder and a leading provider of Managed Fixed Wireless Internet, 5G Private Wireless Networks, and SD-WAN solutions. The company focuses on delivering high-capacity, low-latency connectivity solutions, aligning its mmWave assets with future network needs.
Average Trading Volume: 14,034
Technical Sentiment Signal: Sell
Current Market Cap: C$24.24M
For a thorough assessment of TGO stock, go to TipRanks’ Stock Analysis page.