Edgewater Wireless Systems (YFI) AI Stock Analysis

• Market Cap: C$10.76M
• Dividend Yield: N/A
• Average Volume (3M): 127.39K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.47
• Revenue Growth: N/A
• EPS Growth: -716.67%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Communication Equipment
• EPS (TTM): >-0.01
• Shares Outstanding: 239,134,540
• 10 Day Avg. Volume: 178,797
• 30 Day Avg. Volume: 127,392
• PEG Ratio: >-0.01
• Price to Book (P/B): -29.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -16.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: C$0.05 ▲(20.00% Upside)

The score is driven primarily by very weak financial performance (near-zero revenue, widening losses, negative equity, and ongoing cash burn). Technical indicators also lean bearish (below major moving averages with negative MACD), while valuation is constrained by loss-making results and the absence of a dividend.

Positive Factors

Proprietary Wi‑Fi Spectrum Technology

Edgewater’s core Spectrum Slicing IP targets high‑density, interference‑prone Wi‑Fi environments, giving it a structural technical differentiation. Durable intellectual property can create long‑term integration advantages with OEMs and support licensing-led scale if adopted by equipment makers.

Licensing-based, scalable revenue model

A licensing and integration services model is structurally attractive: once technology is integrated it can generate high incremental margins and scale with partner deployments without proportional capex. Over months, successful partner wins could convert the business into a cash‑light, high‑margin revenue stream.

Moderate absolute debt with assets covering liabilities

In absolute dollars debt is limited and assets exceed liabilities, which reduces near‑term creditor risk and preserves options for restructuring or strategic partnerships. This provides a more durable solvency cushion than firms with large secured debt relative to assets.

Negative Factors

Near‑zero revenue and widening operating losses

Sustained lack of material revenue combined with sizable operating losses undermines the company’s ability to invest in commercialization and R&D. Without persistent top‑line traction, loss‑funding reliance on financing or dilution is likely, weakening long‑term independence and partner bargaining power.

Negative shareholder equity and persistent cash burn

Meaningful negative operating and free cash flow, paired with cumulative negative equity, signals deteriorated financial flexibility. Over months this raises financing risk, constrains investment in go‑to‑market activities, and increases the likelihood of refinancing, asset sales, or dilution to sustain operations.

Limited disclosed commercial traction and customer visibility

Absence of disclosed material contracts and near‑zero reported revenue indicate weak commercial adoption to date. This lack of visible anchor customers impairs revenue predictability and reduces leverage in partnership negotiations, making long‑term licensing scale and recurring income uncertain.

Edgewater Wireless Systems Business Overview & Revenue Model

Company Description

Edgewater Wireless Systems Inc. develops and commercializes technologies and intellectual property for the wireless communications market in North America. The company provides Wi-Fi spectrum slicing solutions, dual channel Wi-Fi, broadcast Wi-Fi, and 5G handoff authentication products; access point routers and channel association solutions; and PowerZoning, a channel power control product for multi-channel single radio Wi-Fi networks. It offers spectral surveillance architecture. The company was formerly known as KIK Polymers Inc. and changed its name to Edgewater Wireless Systems Inc. in January 2012. Edgewater Wireless Systems Inc. was incorporated in 1980 and is headquartered in Kanata, Canada.

How the Company Makes Money

Edgewater Wireless Systems generates revenue primarily through the sale and licensing of its WiFi3™ technology and related products. Key revenue streams include hardware sales of its multi-channel access points and licensing agreements with original equipment manufacturers (OEMs) and technology partners who integrate WiFi3™ technology into their products. The company may also earn income from strategic partnerships and collaborations with telecommunications companies and service providers, who seek to enhance their wireless network offerings with Edgewater's solutions. Additionally, Edgewater Wireless may engage in joint ventures and receive funding from research grants that support the development and commercialization of its technologies.

Edgewater Wireless Systems Financial Statement Overview

Summary

Financials indicate a high-risk profile: revenue is effectively zero in recent periods, operating and net losses are sizable and widening, shareholder equity is negative, and operating/free cash flow remain meaningfully negative (ongoing cash burn). Debt is moderate in absolute terms, but negative equity and cash burn materially reduce financial flexibility.

Income Statement

Results remain very weak. Revenue is effectively zero in the latest periods (TTM (Trailing-Twelve-Months) and FY2025), and the company is generating sizable operating losses (TTM EBIT of about -$2.6M; net loss about -$2.2M). While FY2024 showed small revenue and strong gross profit percentage, the business has not sustained a revenue base and losses have widened materially since FY2024, indicating poor operating leverage and limited profitability visibility.

Balance Sheet

The balance sheet is stressed primarily due to negative shareholder equity (TTM equity about -$1.0M; FY2025 about -$0.4M), which signals accumulated losses and weak financial flexibility. Total debt is moderate in absolute dollars (TTM about $0.53M), but leverage metrics are distorted by negative equity and still imply elevated balance-sheet risk. A positive trajectory is that total assets remain above debt, but the capital structure remains fragile without a return to sustainable profitability.

Cash Flow

Cash generation is consistently negative, with TTM operating cash flow around -$1.6M and free cash flow also about -$1.6M, reflecting ongoing cash burn to fund operations. Cash burn worsened versus FY2025 (operating cash flow about -$0.74M), increasing financing risk. A modest positive is that free cash flow improved versus the prior period on a growth basis in TTM, but the company remains meaningfully cash-flow negative overall.

Breakdown	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	13.35K	7.57K	11.37K	0.00
Gross Profit	-17.73K	12.08K	7.02K	10.21K	-9.90K
EBITDA	-1.93M	-66.44K	-771.44K	-1.05M	-814.91K
Net Income	-2.06M	-90.67K	-799.44K	-1.06M	-773.45K
Balance Sheet
Total Assets	1.37M	285.40K	323.40K	406.74K	1.57M
Cash, Cash Equivalents and Short-Term Investments	1.14M	110.47K	91.89K	178.20K	1.50M
Total Debt	493.78K	274.06K	445.86K	200.01K	45.70K
Total Liabilities	1.80M	1.94M	2.42M	2.02M	2.34M
Stockholders Equity	-435.05K	-1.65M	-2.09M	-1.61M	-774.46K
Cash Flow
Free Cash Flow	-745.09K	-365.12K	-680.49K	-1.42M	-515.32K
Operating Cash Flow	-744.59K	-364.57K	-679.98K	-1.42M	-515.32K
Investing Cash Flow	10.98K	-546.00	-685.00	-3.48K	-10.58K
Financing Cash Flow	1.78M	383.41K	594.18K	100.00K	1.99M

Edgewater Wireless Systems Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:YFI, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.96 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:YFI.

Edgewater Wireless Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
VCM	53 Neutral	C$245.33M	-12.45	-8.77%	2.14%	-11.70%	-199.55%
CMI	50 Neutral	C$43.95M	-44.83	-4.10%	1.52%	-46.11%	-149.26%
NVI	47 Neutral	C$2.48M	4.64	―	―	0.73%	―
YFI	41 Neutral	C$10.76M	-4.74	―	―	―	-716.67%
BYL	39 Underperform	C$38.16M	-11.21	―	―	―	―

Edgewater Wireless Systems Corporate Events

Edgewater Wireless Wins Shareholder Backing for New Equity Incentive Plan, Issues Options and DSUs

Edgewater Wireless Systems’ shareholders have approved a new equity incentive compensation plan that replaces the company’s prior fixed 20% stock option scheme and allows for a broader mix of awards, including stock options, restricted share units, performance share units and deferred share units, covering up to 20% of its outstanding common shares, subject to final TSX Venture Exchange approval. In conjunction with the plan, the company granted 6.3 million stock options to directors, officers, employees and consultants at an exercise price of $0.05 per share with staged vesting through 2030, and issued 2.5 million deferred share units to directors and officers that vest after one year, moves that are designed to align management and board compensation more closely with shareholder interests and support retention as Edgewater pursues its growth strategy in high-performance Wi-Fi markets.

The most recent analyst rating on (TSE:YFI) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Edgewater Wireless Systems stock, see the TSE:YFI Stock Forecast page.

Edgewater Wireless Taps Synopsys Cloud to Accelerate Wi‑Fi8 Spectrum Slicing Chip Development

Edgewater Wireless Systems has chosen Synopsys Cloud’s EDA-as-a-Service platform as a core design and verification environment for its next-generation Wi-Fi8-ready Spectrum Slicing silicon, aiming to fast-track development through its relationship with semiconductor incubator Silicon Catalyst. By integrating Synopsys’ production-grade electronic design automation tools, Edgewater expects to accelerate time-to-tape-out, improve design quality and reduce development risk for its advanced RF, mixed-signal and AI-enabled Wi-Fi SoCs, strengthening its ability to address rising demand for ultra-reliable Wi-Fi and reinforcing its competitive position in a Wi-Fi chipset market projected to reach the mid-US$36 billion range by 2034.

The most recent analyst rating on (TSE:YFI) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Edgewater Wireless Systems stock, see the TSE:YFI Stock Forecast page.

Edgewater Wireless Targets Wi‑Fi8 Opportunity with CES 2026 Push

Edgewater Wireless Systems will attend CES 2026 in Las Vegas to hold private meetings with broadband operators, OEMs, ecosystem partners and investors, using the event to showcase its Wi-Fi8-ready PrismIQ platform and Spectrum Slicing technology. By positioning PrismIQ as a silicon-first, AI-optimized solution for high-density Wi-Fi and next-generation applications, the company aims to capitalize on the industry’s shift beyond Wi-Fi 6 and 7, strengthen commercial partnerships, and reinforce its role in shaping standards-leading connectivity for future global networks.

Edgewater Wireless Hires Winning Media for Two-Month Digital IR Campaign

Edgewater Wireless Systems has received exchange approval to engage Houston-based Winning Media LLC for a two-month digital advertising and investor relations campaign valued at US$50,000, covering omnichannel programmatic advertising, SMS and email marketing, ticker tagging and digital podcasts. The arrangement, with an arm’s length partner that holds no stake in the company, indicates Edgewater’s push to raise market visibility and investor awareness as it promotes its Wi‑Fi Spectrum Slicing technology and seeks to strengthen its positioning in the competitive wireless connectivity and networking sector.

Edgewater Wireless Advances PrismIQ Silicon Roadmap as Q2 Loss Narrows Focus on Product Development

Edgewater Wireless reported a fiscal 2026 second-quarter net loss of $263,687 on operating expenses of $347,908, with cash of $211,178, as it continues to prioritize product development and leverage non-dilutive support from Canada’s FABrIC program. During the quarter the company advanced its PrismIQ Wi-Fi Spectrum Slicing silicon roadmap—completing RF front-end packaging for new products and initiating prototyping of an Arm-powered AI subsystem—while gaining industry visibility through invitations to speak at high-profile semiconductor forums, enhancing its profile as Wi-Fi evolves toward multi-link, multi-channel architectures. Edgewater also strengthened its capital structure by extending the maturity of its unsecured convertible debentures to 2027 with a new acceleration feature, secured shareholder approval for its 2025 equity incentive plan, and launched a digital marketing campaign, steps that collectively aim to support its growth initiatives and positioning in next-generation Wi-Fi markets.

Edgewater Wireless Announces AGM Outcomes and New Board Chair Appointment

Edgewater Wireless Systems Inc. announced the successful passing of all resolutions at its Annual General Meeting, including the election of four directors and the appointment of Zeifmans LLP as the auditor. Brian Imrie was appointed as the new Board Chair. These developments are expected to strengthen the company’s governance and support its strategic initiatives in the Wi-Fi technology sector.

Edgewater Wireless Completes Debenture Interest Payments via Share Issuance

Edgewater Wireless Systems Inc. announced the completion of its eleventh and twelfth debenture interest payments through the issuance of common shares, settling obligations of over $36,000. This transaction, approved by the TSX Venture Exchange, involved a related party transaction with certain directors receiving shares, but exemptions were applied due to the transaction’s size relative to the company’s market capitalization.

Edgewater Wireless Engages Winning Media for Digital Marketing

Edgewater Wireless Systems Inc. has engaged Winning Media LLC to provide digital marketing services, including programmatic advertising and digital podcasts, for a two-month term. This strategic move is expected to enhance Edgewater’s market presence and drive economic gains through improved connectivity solutions, pending approval from the TSX Venture Exchange.

Edgewater Wireless Proposes Extension of Warrant Expiry Dates

Edgewater Wireless Systems Inc. announced its intention to apply for an extension of the expiry dates for its outstanding share purchase warrants, which allow holders to acquire 8,330,000 common shares. The proposed extension would add 12 months to the original expiry dates, moving the 2023 Warrants to December 20, 2026, and the 2024 Warrants to February 26, 2027. This extension is subject to approval from the TSX Venture Exchange and aims to provide more time for warrant holders to exercise their options, potentially impacting the company’s financial strategy and stakeholder interests.

Edgewater Wireless to Showcase AI-Powered Wi-Fi at Canadian Semiconductor Symposium

Edgewater Wireless Systems Inc. announced its participation in the upcoming Accelerated: Canada’s Semiconductor Symposium 2025, where CEO Andrew Skafel will discuss the company’s advancements in next-generation Wi-Fi silicon and AI-enabled connectivity. Edgewater, recognized for its innovative Wi-Fi Spectrum Slicing™ technology, aims to showcase its contributions to ultra-high-reliability wireless solutions for dense environments, aligning with Canada’s leadership in semiconductor design. The company has been selected for a significant funding initiative to accelerate its multi-link Wi-Fi silicon platform, highlighting its strategic role in advancing Canadian semiconductor capabilities.

Edgewater Wireless Completes Debenture Interest Payments Through Share Issuance

Edgewater Wireless Systems Inc. has completed its ninth and tenth debenture interest payments by issuing common shares to settle its obligations. This strategic move, approved by the TSX Venture Exchange, involves a related party transaction but does not exceed 25% of the company’s market capitalization, thus exempting it from certain regulatory requirements. This action reflects Edgewater’s ongoing efforts to manage its financial obligations while maintaining compliance with market regulations.