Significant Revenue Growth
Third quarter 2025 revenue totaled $18.7 million, an increase of 292% year over year and over 62% sequentially.
Strong Subscriber Growth
Torch Wireless under the Lifeline program increased from 20,000 subscribers in June to over 125,000 subscribers, showing strong growth potential.
Expansion of LinkUp Mobile
LinkUp Mobile surpassed 95,000 recurring active subscribers, driven by expanded retail distribution and targeted marketing.
Successful Integration and Partnerships
Successful strategic partnerships, such as with CorePay, and integration of Clearline with CorePay's payment processing, are expected to create new recurring revenue streams.
Improvement in Gross Profit Loss
Gross profit loss narrowed to $2.6 million for 2025 compared to a gross profit loss of $7.8 million for 2024.
Decrease in SG&A Expenses
SG&A expenses decreased 32.5% year over year to $4.2 million during 2025.