---
title: "Edgewater Wireless Reports Fiscal 2026 Q3 Results and Highlights Continued PrismIQ(TM) Execution"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281086009.md"
description: "Edgewater Wireless Systems Inc. reported its fiscal 2026 Q3 results, highlighting continued progress in its PrismIQ™ roadmap. The company recorded a net loss of $345,343 for the quarter, an improvement from $595,403 in the previous year. Operating expenses totaled $369,765, with no revenue reported. The company appointed Rick Bahr as Strategic Advisor to enhance its Wi-Fi8-ready silicon roadmap. Edgewater also expanded its AI-powered Spectrum Slicing™ into dual-use connectivity applications. Cash at the end of the quarter was $13,327, with a total of 239,134,531 common shares outstanding."
datetime: "2026-03-30T23:00:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281086009.md)
  - [en](https://longbridge.com/en/news/281086009.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281086009.md)
---

# Edgewater Wireless Reports Fiscal 2026 Q3 Results and Highlights Continued PrismIQ(TM) Execution

(TheNewswire)

March 30, 2026 – Ottawa, Canada– TheNewswire- Edgewater Wireless Systems Inc. (TSXV: YFI)(OTC: KPIFF) (“Edgewater” or the “Company”), the industrypioneer of AI-powered Wi-Fi Spectrum Slicing™ silicon solutions andIP, today reported financial results for the Third Quarter endedJanuary 31, 2026 (Fiscal 2026 Q3). The Company’s interim financialstatements and related Management’s Discussion and Analysis(“MD&A”) are available on SEDAR+. All figures are in Canadiandollars and prepared in accordance with IFRS unless otherwisestated.

“Our third quarter results reflect continuedexecution across our PrismIQ™ roadmap as we advanced productdevelopment and commercialization initiatives while maintaining adisciplined approach to capital,” said Andrew Skafel, President andCEO. “Importantly, the FABrIC funding recognized during the period,together with the grant receivable recorded at quarter end foreligible costs incurred but not yet reimbursed, provides a positiveindicator of progress on our approved silicon development program andunderscores the value of our capital-efficient model.”

Highlights and Corporate Update (Q3FY2026)

-   Strengthening execution team:On January 13, 2026, the Company announced theappointment of Rick Bahr as Strategic Advisor. Mr. Bahr previouslyserved as Senior Vice President of Engineering at Qualcomm and headedengineering at Atheros Communications. According to the release, hisadvisory role is expected to include support for the Company’s Wi-Fi8-ready Spectrum Slicing silicon roadmap, system-level architectureacross RF front-end, baseband and AI subsystems, alignment with targetmarket requirements, and access to broader semiconductor ecosystemrelationships.
-   Non-dilutive FABrICprogress:During the quarter, the Companyrecognized $7,660 in other income related to the FABrIC programand $128,219 for the nine-month period. At January 31, 2026,Edgewater had recorded a grant receivable of $95,233 for eligiblecosts incurred but not yet reimbursed.
-   Continued investment inexecution:Operating expenses reflected ongoingexecution across development and commercialization activities,including product development of $77,277 in Q3and $293,766 year-to-date, sales and marketing of $41,566 in Q3and $80,030 year-to-date, and general and administrative expense of$251,124 in Q3 and $699,440 year-to-date.
-   Improved year-over-year lossprofile:Net loss for the quarter was $345,343,compared with $595,403 in the prior-year quarter. For the ninemonths ended January 31, 2026, net loss was $968,986, comparedwith $1,087,813 in the prior-year period.
-   Balance sheet and capital structuremanagement:During the nine-month period, theCompany received approval to amend its unsecured convertibledebentures, extending the maturity date to September 1, 2027 andadding an acceleration feature tied to a $0.18 VWAP for 10consecutive trading days.
-   Silicon roadmap support and marketprofile:Edgewater advanced its developmentprogram through the selection of Synopsys Cloud CorePlus and furtherraised its industry visibility with CEO Andrew Skafel’s invitedspeaking participation at Synopsys SNUG Silicon Valley.

Subsequent Events and RecentVisibility (Outside the Reporting Period)

-   National semiconductor thoughtleadership: Canada’s Semiconductor Symposium2025 (Nov 25–26, Vancouver), where CEO Andrew Skafel spotlightedEdgewater’s AI-powered Wi-Fi Spectrum Slicing™ and Wi-Fi8–ready silicon roadmap.
-   Silicon Catalyst ecosystemengagement:Continued engagement across SiliconCatalyst’s network, including its Portfolio Company Update (Nov 5,2025) convening semiconductor leaders and ecosystemstakeholders.

Dual-use market expansion:On March 5, 2026, the Company announced theexpansion of its AI-powered Spectrum Slicing™ roadmap into emergingdual-use connectivity applications, including UAV, drone, andmission-critical wireless markets, extending its deterministic,low-latency Wi-Fi platform into new high-value use cases.

Financial Summary (Three and SixMonths Ended January 31, 2026)

-   Revenue:Edgewater is a development stage company and revenue for the quarterwas nil.
-   Operating expenses:Total operating expenses were $369,765 for the quarterand $1,077,409 for the nine-month period.
-   Non-cash and financing-relateditems:The quarter included a non-cash fairvalue gain on convertible debentures of $32,791, and $77,976 for thenine-month period. The nine-month period also included a $49,198 losson amendment related to the debenture term changes.
-   Cash and liquidity: Cash at January 31, 2026 was $13,327.
-   Capital structure as at January 31,2026:Common shares outstandingwere 239,134,531; stock options outstanding were 22,190,000; andwarrants outstanding were 67,756,639.

Edgewater’s unaudited condensed interim consolidatedfinancial statements and related MD&A for the three and six monthsended January 31, 2026 are available on SEDAR+.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless delivers unmatched Wi-Fi QoS—barnone—by intelligently mitigating congestion, managing spectrumallocation in real-time, and autonomously reconfiguring channel andlink density—driving economic gains for service providers and theircustomers through reduced churn, improved efficiency, andhigh-performance connectivity in dense environments. Redefining Wi-Fifrom the silicon up, Edgewater’s patented, AI-powered SpectrumSlicing platform—delivered through the PrismIQ™ productfamily—breaks the limits of legacy Wi-Fi by enabling multipleconcurrent channels in a single band. Wi-Fi Spectrum Slicing delivers10x performance and up to 50% lower latency, even for legacy devices.With 26 patents and a fabless model, Edgewater is transforming theeconomics of Wi-Fi for service providers, OEMs, andenterprises—powering scalable, standards-aligned/leadingconnectivity across residential, enterprise, and Industrial IoTmarkets. A Silicon Catalyst portfolio company, Edgewater is buildingthe intelligence wireless foundation for the next era of globalconnectivity.

Visit https://edgewaterwireless.com

###

Edgewater Wireless Contacts:

Andrew Skafel, President and CEO

E: andrews@edgewaterwireless.com

Bill Mitoulas, Investor Relations

E: ir@edgewaterwireless.com

T: +1.416.479.9547

Forward-LookingStatements

This news release containsforward-looking statements and forward-looking information within themeaning of applicable securities laws. The use of any of the words"expect", "anticipate", "continue","estimate", "objective", "ongoing","may", "will", "project","should", "believe", "plans","intends" and similar expressions are intended to identifyforward-looking information or statements. Although Edgewater Wirelessbelieves that the expectations and assumptions on which suchforward-looking statements and information are based are reasonable,undue reliance should not be placed on the forward-looking statementsand information because Edgewater Wireless can give no assurance thatthey will prove to be correct. By its nature, such forward-lookinginformation is subject to various risks and uncertainties, which couldcause Edgewater Wireless’ actual results and experience to differmaterially from the anticipated results or expectations expressed.These risks and uncertainties, include, but are not limited to accessto capital markets, market forces, competition from new and existingcompanies and regulatory conditions. Readers are cautioned not toplace undue reliance on this forward-looking information, which isgiven as of the date it is expressed in this news release orotherwise, and to not use future-oriented information or financialoutlooks for anything other than their intended purpose. EdgewaterWireless undertakes no obligation to update publicly or revise anyforward-looking information, whether as a result of new information,future events or otherwise, except as required by law.

NEITHER THE TSXVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Copyright (c) 2026 TheNewswire - All rights reserved.

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