TERAGO Inc. Reports Strong 2024 Financial Results Amid Strategic Growth

An update from TeraGo Inc. ( (TSE:TGO) ) is now available.

TERAGO Inc. reported strong financial results for the fourth quarter and full year 2024, highlighting a successful smart growth strategy and operational improvements. The company achieved a 16.9% increase in Adjusted EBITDA and a 5.2% growth in ARPA for the year, alongside a significant rise in cash flows from operations. Despite a net loss for the year, TERAGO improved profitability through lower operational expenses and better margins on new customer deals. The company anticipates continued momentum in MRR bookings, contributing to long-term value creation for stakeholders.

More about TeraGo Inc.

TERAGO Inc. is a prominent player in the Canadian communications industry, holding 91% of the mmWave spectrum. The company specializes in providing Managed Fixed Wireless Internet, 5G Private Wireless Networks, and SD-WAN solutions, with a focus on mid-market and lower enterprise-sized businesses. TERAGO leverages its national carrier-grade wireless and fiber network to drive competition, innovation, and investments in the sector.

YTD Price Performance: -6.03%

Average Trading Volume: 9,777

Technical Sentiment Signal: Buy

Current Market Cap: C$21.8M

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