Latest news with #ISED
National Post
a day ago
- Business
- National Post
G7 Representatives Gather in Markham and Toronto to Strengthen Global Semiconductor Partnerships
Article content MARKHAM, Ontario — Representatives from G7 nations convened in Markham and Toronto on June 3 to discuss international collaboration and priorities for the future of semiconductors. The meeting was hosted by ventureLAB, Canada's leading hub for hardware and semiconductor innovation. Article content Article content Held at ventureLAB's headquarters in Markham, the G7 Semiconductor Point of Contact Group Stakeholder Forum welcomed senior leaders from government, industry, and academia across G7 member countries. The gathering marked a pivotal moment in the ongoing efforts to develop secure, resilient semiconductor supply chains and accelerate economic growth through shared innovation. The stakeholder forum was led by Innovation, Science and Economic Development Canada (ISED) with support from the National Research Council of Canada (NRC) and Global Affairs Canada (GAC) and included delegates from each of the G7 nations. These forums were initiated under Italy's 2024 G7 Presidency, to strengthen collaboration on shared innovation and technology priorities among G7 countries. Article content Canada's unique semiconductor ecosystem took centre stage during the event, as attendees participated in a guided tour of ventureLAB's state-of-the-art hardware lab and incubator—the only facility of its kind in the country. The tour demonstrated Canada's advanced capabilities in silicon development, hardware commercialization, and semiconductor R&D, reinforcing its growing leadership in the global semiconductor value chain. Article content 'Canada is well-positioned to lead the next era of semiconductor innovation,' said Hugh Chow, CEO of ventureLAB. 'We were honoured to host the Semiconductor Point-of-Contact Stakeholder Forum in Markham, a clear signal that Canada is stepping up to build a globally competitive and resilient semiconductor industry, anchored by collaboration, talent, and advanced infrastructure.' Article content Later that evening, ventureLAB hosted an industry reception in downtown Toronto, bringing together global semiconductor stakeholders for an evening of strategic networking and knowledge exchange. Attendees included representatives from G7 nations, government officials, academic experts, and Canadian industry leaders. The G7 is meeting in Canada at a time of heightened international focus on semiconductors—critical components at the core of sectors ranging from healthcare and energy to defence and automotive. The COVID-19 pandemic revealed vulnerabilities in the global chip supply chain, making semiconductor resilience and innovation a top priority for G7 nations. Article content Canada's 2025 G7 Presidency, its seventh since joining the G7 in 1976, provides a timely platform to showcase Canadian leadership in global semiconductor strategy and policy. The Forum reinforced the importance of investing in R&D, workforce development, and domestic manufacturing to ensure secure access to critical technologies. Article content ventureLAB reaffirmed its commitment to working alongside the Government of Canada and international partners to strengthen the semiconductor sector through collaboration, innovation, and a shared vision for a sustainable, future-ready economy. Article content Article content Article content Article content Article content Article content
Cision Canada
13-05-2025
- Business
- Cision Canada
TERAGO Reports First Quarter 2025 Financial Results
TORONTO , May 13, 2025 /CNW/ - TERAGO Inc. ("TERAGO" or the "Company") (TSX: TGO) ( Canada's largest mmWave spectrum holder (91% of spectrum held) and a leading provider of Managed Fixed Wireless Internet, 5G Private Wireless Networks and SD-WAN solutions today reported financial and operating results for the first quarter ended March 31, 2025. All figures reported in this release are in thousands of Canadian dollars. "Our first quarter performance reflects our disciplined focus on profitability and efficiency. We saw continued growth in ARPA, revenue backlog, and improved cost discipline, resulting in an increase in Adjusted EBITDA," said Daniel Vucinic, CEO of TERAGO. "I was also encouraged by the recent progress by ISED in supporting the position of mmWave spectrum in the Canadian connectivity ecosystem. In this regard, ISED's March 2025 consultation is an encouraging development, providing greater regulatory clarity and reflecting increased focus on the role of mmWave in evolving connectivity landscape. As demand for high-capacity, low-latency connectivity continues to rise, we believe our mmWave assets are well-aligned with future network needs. Overall, we are focused on driving profitable growth and creating value for customers, employees and shareholders." Selected Financial Highlights and Key Developments Total revenue marginally decreased by 0.9% to $6,414 for the quarter ended March 31, 2025 compared to $6,472 in the same period in 2024. The decrease was primarily driven by increased churn 1, stemming from management's continued initiatives to optimize the customer base by discontinuing service to unprofitable accounts. This was partially offset by increase in revenue from new customers in the current period. Adjusted EBITDA 1,2 for the quarter ended March 31, 2025 increased by 10.9% to $1,032 as compared to an Adjusted EBITDA 1,2 of $930 for the comparative period in 2024. The increase was a result of higher gross margin 1 combined with lower operating expenses in the current period compared to the same period in the prior year. Net loss for the quarter three months ended March 31, 2025 was $3,536, or $(0.18) per share (basic and diluted) compared to a loss of $3,547, or $(0.18) per share (basic and diluted) in the same period in 2024. ARPA 1 for the quarter ended March 31, 2025 increased by 6.2% to $1,229 compared to $1,158 for the same period in 2024. The increase in ARPA 1 was a result of the Company's ongoing focus to attract mid-market and large-scale, predominantly multi-location customers. Churn 1 for the quarter ended March 31, 2025 was higher at 1.2% compared to 0.8% for the same period in 2024. The increase in customer churn 1 was primarily driven by management's continued initiatives to optimize the customer base by discontinuing service to unprofitable accounts, partially offset by increase in revenue from new customers in the current year period. The Company continues to review, modify and improve its customer experience practices with a focus on reducing customer churn. Backlog MRR 1 increased year over year to $96,405 as of March 31, 2025, compared to $48,328 for the same period in 2024. The increase in backlog MRR 1 was a result of increased sales bookings in fiscal 2024 along with Company's continued focus on larger multi-site customers and on profitable revenue generation. In March 2025, Innovation, Science and Economic Development (ISED) published a Consultation, which among other things, proposes to repurpose the lower portion of the 26 GHz Band (24.25-26.5 GHz) to flexible use in keeping with international norms and provides insight into the Department's intentions with respect to the 26, 28 and 38 GHz (the mmWave bands) that are consistent with TERAGO's Fixed Wireless and 5G strategy. RESULTS OF OPERATIONS Comparison of the quarter ended March 31, 2025 and 2024 (In thousands of dollars, except with respect to gross profit margin 1, earnings per share 1, Backlog MRR 1, and ARPA 1) Management will host a conference call on Wednesday, May 14, 2025, at 10:00 AM ET to discuss these results. To access the conference call, please dial 877-545-0523 or 973-528-0016 and use conference ID 499641 if applicable. Please call the conference telephone number 15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through. A replay of the conference call will be available through Wednesday, May 28, 2025 and can be accessed by dialing 877-481-4010 or 919-882-2331 and using passcode 52440#. A reconciliation of net loss to Adjusted EBITDA is found below and in the MD&A for the quarter ended March 31, 2025. Adjusted EBITDA does not have any standardized meaning under IFRS/GAAP. TERAGO's method of calculating Adjusted EBITDA may differ from other issuers and, accordingly, Adjusted EBITDA may not be comparable to similar measures presented by other issuers. The table below reconciles net loss to Adjusted EBITDA 1 for the quarter ended March 31 2025 and 2024. _____________________________ (1) See " Non-IFRS Measures" (2) See "Adjusted EBITDA" for a reconciliation of net loss to Adjusted EBITDA. (1) Non-IFRS Measures This press release contains references to "Cost of Services", "Gross Profit Margin", Salaries and Related Costs", "Other Operating Expenses", "Adjusted EBITDA", "Backlog MRR", "Churn" and "ARPA" which are not measures prescribed by IFRS Accounting Standards ("IFRS"). Cost of Services consists of expenses related to delivering service to customers and servicing the operations of our networks. These expenses include costs for the lease of intercity facilities to connect our cities, internet transit and peering costs paid to other carriers, network real estate lease expense, spectrum lease expenses, salaries and related costs of staff directly associated with the cost of services. Gross Profit Margin % consists of gross profit margin divided by revenue where gross profit margin is revenue less cost of services. Salaries and related costs includes regular payroll related expenses, commissions and consulting fees. All share based compensation, restructuring, other related costs are excluded from Salaries and related costs. Other operating expenses includes sales commission expense, advertising and marketing expenses, travel expenses, administrative expenses including insurance and professional fees, communication expenses, maintenance expenses and rent expenses for office facilities. All restructuring and other related costs are excluded from other operating expenses. Adjusted EBITDA - The Company believes that Adjusted EBITDA is useful additional information to management, the Board and investors as it provides an indication of the operational results generated by its business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and amortization and it excludes items that could affect the comparability of our operational results and could potentially alter the trends analysis in business performance. Excluding these items does not necessarily imply they are non-recurring, infrequent or unusual. Adjusted EBITDA is also used by some investors and analysts for the purpose of valuing a company. The Company calculates Adjusted EBITDA as earnings before deducting interest, taxes, depreciation and amortization, foreign exchange gain or loss, finance costs, finance income, gain or loss on disposal of network assets, property and equipment, impairment of property, plant & equipment and intangible assets, stock-based compensation and restructuring costs. Investors are cautioned that Adjusted EBITDA should not be construed as an alternative to operating earnings (losses), or net earnings (losses) determined in accordance with IFRS as an indicator of our financial performance or as a measure of our liquidity and cash flows. Adjusted EBITDA does not take into account the impact of working capital changes, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed in the consolidated statements of cash flows. Backlog MRR - The term "Backlog MRR" is a measure of contracted monthly recurring revenue (MRR) from customers that have not yet been provisioned. The Company believes backlog MRR is useful additional information as it provides an indication of future revenue. Backlog MRR is not a recognized measure under IFRS and may not translate into future revenue, and accordingly, investors are cautioned in using it. The Company calculates backlog MRR by summing the MRR of new customer contracts and upgrades that are signed but not yet provisioned, as at the end of the period. TERAGO's method of calculating backlog MRR may differ from other issuers and, accordingly, backlog MRR may not be comparable to similar measures presented by other issuers. ARPA - The term "ARPA" refers to the Company's average revenue per account per month in the period. The Company believes that ARPA is useful supplemental information as it provides an indication of our revenue from an individual customer on a per month basis. ARPA is not a recognized measure under IFRS and, accordingly, investors are cautioned that ARPA should not be construed as an alternative to revenue determined in accordance with IFRS as an indicator of our financial performance. The Company calculates ARPA by dividing our total revenue before revenue from early terminations by the number of customers in service during the period and we express ARPA as a rate per month. TERAGO's method of calculating ARPA has changed from the Company's past disclosures to exclude revenue from early termination fees, where ARPA was previously calculated as revenue divided by the number of customers in service during the period. TERAGO's method may differ from other issuers, and accordingly, ARPA may not be comparable to similar measures presented by other issuers. Churn - The term "churn" or "churn rate" is a measure, expressed as a percentage, of customer cancellations in a particular month. The Company calculates churn by dividing the number of customer cancellations during a month by the total number of customers at the end of the month before cancellations. The information is presented as the average monthly churn rate during the period. The Company believes that the churn rate is useful supplemental information as it provides an indication of future revenue decline and is a measure of how well the business is able to renew and keep existing customers on their existing service offerings. Churn and churn rate are not recognized measures under IFRS and, accordingly, investors are cautioned in using it. TERAGO's method of calculating churn and churn rate may differ from other issuers and, accordingly, churn may not be comparable to similar measures presented by other issuers. About TERAGO TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada's biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit Forward-Looking Statements This news release includes certain forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond TERAGO's control. Forward-looking statements may include but are not limited to statements regarding the further developing our 5G Fixed Wireless Access program, consistently executing across all fronts of the business, success in providing Canadian enterprises with managed services and the 5G fixed wireless trials being conducted by the Company. All such statements constitute "forward-looking information" as defined under, applicable Canadian securities laws. Any statements contained herein that are not statements of historical facts constitute forward-looking information. The forward-looking statements reflect the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those risks set forth in the "Risk Factors" section in the Annual Information Form for the year ended December 31, 2024 and risks set forth in the "Financial Risk Management" section in the annual MD&A of the Company for the year ended December 31, 2024 available on and under the Company's corporate profile. Factors that could cause actual results or events to differ materially include the inability to consistently achieve sales growth across all lines of TERAGO's business including managed services, inability to complete successful 5G technical trials, the results of the 5G trials not being satisfactory to TERAGO or any of its technology partners, regulatory requirements may delay or inhibit the trial, the economic viability of any potential services that may result from the trial, the ability for TERAGO to further finance and support any new market opportunities that may present itself, and industry competitors who may have superior technology or are quicker to take advantage of 5G technology. Accordingly, readers should not place undue reliance on forward-looking statements as several factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed with the forward-looking statements. Except as may be required by applicable Canadian securities laws, TERAGO does not intend, and disclaims any obligation, to update or revise any forward-looking statements whether in words, oral or written as a result of new information, future events or otherwise.
Yahoo
13-05-2025
- Business
- Yahoo
TERAGO Reports First Quarter 2025 Financial Results
TORONTO , May 13, 2025 /CNW/ - TERAGO Inc. ("TERAGO" or the "Company") (TSX: TGO) ( Canada's largest mmWave spectrum holder (91% of spectrum held) and a leading provider of Managed Fixed Wireless Internet, 5G Private Wireless Networks and SD-WAN solutions today reported financial and operating results for the first quarter ended March 31, 2025. All figures reported in this release are in thousands of Canadian dollars. "Our first quarter performance reflects our disciplined focus on profitability and efficiency. We saw continued growth in ARPA, revenue backlog, and improved cost discipline, resulting in an increase in Adjusted EBITDA," said Daniel Vucinic, CEO of TERAGO. "I was also encouraged by the recent progress by ISED in supporting the position of mmWave spectrum in the Canadian connectivity ecosystem. In this regard, ISED's March 2025 consultation is an encouraging development, providing greater regulatory clarity and reflecting increased focus on the role of mmWave in evolving connectivity landscape. As demand for high-capacity, low-latency connectivity continues to rise, we believe our mmWave assets are well-aligned with future network needs. Overall, we are focused on driving profitable growth and creating value for customers, employees and shareholders." Selected Financial Highlights and Key Developments Total revenue marginally decreased by 0.9% to $6,414 for the quarter ended March 31, 2025 compared to $6,472 in the same period in 2024. The decrease was primarily driven by increased churn1, stemming from management's continued initiatives to optimize the customer base by discontinuing service to unprofitable accounts. This was partially offset by increase in revenue from new customers in the current period. Adjusted EBITDA1,2 for the quarter ended March 31, 2025 increased by 10.9% to $1,032 as compared to an Adjusted EBITDA1,2 of $930 for the comparative period in 2024. The increase was a result of higher gross margin1 combined with lower operating expenses in the current period compared to the same period in the prior year. Net loss for the quarter three months ended March 31, 2025 was $3,536, or $(0.18) per share (basic and diluted) compared to a loss of $3,547, or $(0.18) per share (basic and diluted) in the same period in 2024. ARPA1 for the quarter ended March 31, 2025 increased by 6.2% to $1,229 compared to $1,158 for the same period in 2024. The increase in ARPA1 was a result of the Company's ongoing focus to attract mid-market and large-scale, predominantly multi-location customers. Churn1 for the quarter ended March 31, 2025 was higher at 1.2% compared to 0.8% for the same period in 2024. The increase in customer churn1 was primarily driven by management's continued initiatives to optimize the customer base by discontinuing service to unprofitable accounts, partially offset by increase in revenue from new customers in the current year period. The Company continues to review, modify and improve its customer experience practices with a focus on reducing customer churn. Backlog MRR1 increased year over year to $96,405 as of March 31, 2025, compared to $48,328 for the same period in 2024. The increase in backlog MRR1 was a result of increased sales bookings in fiscal 2024 along with Company's continued focus on larger multi-site customers and on profitable revenue generation. In March 2025, Innovation, Science and Economic Development (ISED) published a Consultation, which among other things, proposes to repurpose the lower portion of the 26 GHz Band (24.25-26.5 GHz) to flexible use in keeping with international norms and provides insight into the Department's intentions with respect to the 26, 28 and 38 GHz (the mmWave bands) that are consistent with TERAGO's Fixed Wireless and 5G strategy. _____________________________ (1) See " Non-IFRS Measures" (2) (2) See "Adjusted EBITDA" for a reconciliation of net loss to Adjusted EBITDA. RESULTS OF OPERATIONS Comparison of the quarter ended March 31, 2025 and 2024(In thousands of dollars, except with respect to gross profit margin1, earnings per share1, Backlog MRR1, and ARPA1) (in thousands of dollars, unaudited) Quarter ended March 31 20252024% ChgFinancial Total Revenue $ 6,4146,472(0.9) Cost of Services1 $ 1,6721,751(4.5) Gross Profit Margin173.9 %72.9 %1.4 Salaries and Related Costs1 $ 2,7242,6692.1 Other Operating Expenses1 $ 9861,122(12.1) Adjusted EBITDA1,2 $ 1,03293010.9 Net Loss $ (3,536)(3,547)(0.3) Basic & diluted loss per share $ (0.18)(0.18)(1.0)Quarter ended March 31 20252024Chg Operating Backlog MRR1 Connectivity $ 96,40548,32848,078 Churn Rate1 Connectivity1.2 %0.8 %0.4 % ARPA1 Connectivity $ 1,2291,1586.2 % Conference Call Management will host a conference call on Wednesday, May 14, 2025, at 10:00 AM ET to discuss these results. To access the conference call, please dial 877-545-0523 or 973-528-0016 and use conference ID 499641 if applicable. Please call the conference telephone number 15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through. A replay of the conference call will be available through Wednesday, May 28, 2025 and can be accessed by dialing 877-481-4010 or 919-882-2331 and using passcode 52440#. A reconciliation of net loss to Adjusted EBITDA is found below and in the MD&A for the quarter ended March 31, 2025. Adjusted EBITDA does not have any standardized meaning under IFRS/GAAP. TERAGO's method of calculating Adjusted EBITDA may differ from other issuers and, accordingly, Adjusted EBITDA may not be comparable to similar measures presented by other issuers. The table below reconciles net loss to Adjusted EBITDA1 for the quarter ended March 31 2025 and 2024. (in thousands of dollars, unaudited) Quarter ended March 31 20252024 Adjusted EBITDA1 $ 1,032930 Deduct: Depreciation of network assets, property and equipment and amortization of intangible assets2,3422,419 Stock-based compensation expense228183 Restructuring and other costs65618 Loss from operations(1,603)(2,290) Add/deduct: Foreign exchange gain(9)10 Finance costs1,9641,303 Finance income(22)(56) Net loss for the period $ (3,536)(3,547) _____________________________ (1) See " Non-IFRS Measures" (2) See "Adjusted EBITDA" for a reconciliation of net loss to Adjusted EBITDA. (1) Non-IFRS Measures This press release contains references to "Cost of Services", "Gross Profit Margin", Salaries and Related Costs", "Other Operating Expenses", "Adjusted EBITDA", "Backlog MRR", "Churn" and "ARPA" which are not measures prescribed by IFRS Accounting Standards ("IFRS"). Cost of Services consists of expenses related to delivering service to customers and servicing the operations of our networks. These expenses include costs for the lease of intercity facilities to connect our cities, internet transit and peering costs paid to other carriers, network real estate lease expense, spectrum lease expenses, salaries and related costs of staff directly associated with the cost of services. Gross Profit Margin % consists of gross profit margin divided by revenue where gross profit margin is revenue less cost of services. Salaries and related costs includes regular payroll related expenses, commissions and consulting fees. All share based compensation, restructuring, other related costs are excluded from Salaries and related costs. Other operating expenses includes sales commission expense, advertising and marketing expenses, travel expenses, administrative expenses including insurance and professional fees, communication expenses, maintenance expenses and rent expenses for office facilities. All restructuring and other related costs are excluded from other operating expenses. Adjusted EBITDA - The Company believes that Adjusted EBITDA is useful additional information to management, the Board and investors as it provides an indication of the operational results generated by its business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and amortization and it excludes items that could affect the comparability of our operational results and could potentially alter the trends analysis in business performance. Excluding these items does not necessarily imply they are non-recurring, infrequent or unusual. Adjusted EBITDA is also used by some investors and analysts for the purpose of valuing a company. The Company calculates Adjusted EBITDA as earnings before deducting interest, taxes, depreciation and amortization, foreign exchange gain or loss, finance costs, finance income, gain or loss on disposal of network assets, property and equipment, impairment of property, plant & equipment and intangible assets, stock-based compensation and restructuring costs. Investors are cautioned that Adjusted EBITDA should not be construed as an alternative to operating earnings (losses), or net earnings (losses) determined in accordance with IFRS as an indicator of our financial performance or as a measure of our liquidity and cash flows. Adjusted EBITDA does not take into account the impact of working capital changes, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed in the consolidated statements of cash flows. Backlog MRR - The term "Backlog MRR" is a measure of contracted monthly recurring revenue (MRR) from customers that have not yet been provisioned. The Company believes backlog MRR is useful additional information as it provides an indication of future revenue. Backlog MRR is not a recognized measure under IFRS and may not translate into future revenue, and accordingly, investors are cautioned in using it. The Company calculates backlog MRR by summing the MRR of new customer contracts and upgrades that are signed but not yet provisioned, as at the end of the period. TERAGO's method of calculating backlog MRR may differ from other issuers and, accordingly, backlog MRR may not be comparable to similar measures presented by other issuers. ARPA - The term "ARPA" refers to the Company's average revenue per account per month in the period. The Company believes that ARPA is useful supplemental information as it provides an indication of our revenue from an individual customer on a per month basis. ARPA is not a recognized measure under IFRS and, accordingly, investors are cautioned that ARPA should not be construed as an alternative to revenue determined in accordance with IFRS as an indicator of our financial performance. The Company calculates ARPA by dividing our total revenue before revenue from early terminations by the number of customers in service during the period and we express ARPA as a rate per month. TERAGO's method of calculating ARPA has changed from the Company's past disclosures to exclude revenue from early termination fees, where ARPA was previously calculated as revenue divided by the number of customers in service during the period. TERAGO's method may differ from other issuers, and accordingly, ARPA may not be comparable to similar measures presented by other issuers. Churn - The term "churn" or "churn rate" is a measure, expressed as a percentage, of customer cancellations in a particular month. The Company calculates churn by dividing the number of customer cancellations during a month by the total number of customers at the end of the month before cancellations. The information is presented as the average monthly churn rate during the period. The Company believes that the churn rate is useful supplemental information as it provides an indication of future revenue decline and is a measure of how well the business is able to renew and keep existing customers on their existing service offerings. Churn and churn rate are not recognized measures under IFRS and, accordingly, investors are cautioned in using it. TERAGO's method of calculating churn and churn rate may differ from other issuers and, accordingly, churn may not be comparable to similar measures presented by other issuers. _____________________________ (1) See " Non-IFRS Measures" About TERAGO TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada's biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit Forward-Looking Statements This news release includes certain forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond TERAGO's control. Forward-looking statements may include but are not limited to statements regarding the further developing our 5G Fixed Wireless Access program, consistently executing across all fronts of the business, success in providing Canadian enterprises with managed services and the 5G fixed wireless trials being conducted by the Company. All such statements constitute "forward-looking information" as defined under, applicable Canadian securities laws. Any statements contained herein that are not statements of historical facts constitute forward-looking information. The forward-looking statements reflect the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those risks set forth in the "Risk Factors" section in the Annual Information Form for the year ended December 31, 2024 and risks set forth in the "Financial Risk Management" section in the annual MD&A of the Company for the year ended December 31, 2024 available on and under the Company's corporate profile. Factors that could cause actual results or events to differ materially include the inability to consistently achieve sales growth across all lines of TERAGO's business including managed services, inability to complete successful 5G technical trials, the results of the 5G trials not being satisfactory to TERAGO or any of its technology partners, regulatory requirements may delay or inhibit the trial, the economic viability of any potential services that may result from the trial, the ability for TERAGO to further finance and support any new market opportunities that may present itself, and industry competitors who may have superior technology or are quicker to take advantage of 5G technology. Accordingly, readers should not place undue reliance on forward-looking statements as several factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed with the forward-looking statements. Except as may be required by applicable Canadian securities laws, TERAGO does not intend, and disclaims any obligation, to update or revise any forward-looking statements whether in words, oral or written as a result of new information, future events or otherwise. SOURCE TeraGo Inc. View original content:
Time Business News
26-04-2025
- Business
- Time Business News
Canada's Business Resale Boom: Why Smart Entrepreneurs Are Turning to Businesses4SaleCanada.ca
In today's high-stakes economic climate, entrepreneurship is no longer limited to ambitious twenty-somethings starting companies from scratch. Increasingly, seasoned professionals and enterprising newcomers alike are forgoing the start-up route and acquiring existing, revenue-generating businesses with built-in infrastructure, staff, and customers. It's a calculated pivot—and one that's quietly reshaping the way Canadians think about entrepreneurship. At the center of this evolution is a lesser-known but increasingly indispensable platform: This digital marketplace is emerging as a definitive force in the Canadian business resale industry. While it may not have the flash of Silicon Valley's unicorns or the headline clout of Bay Street conglomerates, offers something far more vital to the pragmatist: real, operable opportunities. And in a post-pandemic world defined by volatility, 'real' may just be the new gold standard. Historically, buying a small or mid-sized enterprise in Canada was an opaque, broker-dominated affair. Listings were buried in private networks, often requiring insider access and costly middlemen. changes that. The platform democratizes the process by offering verified listings across provinces, industries, and price points, all within a searchable, user-friendly interface. It's a marketplace where due diligence doesn't begin in a boardroom—it begins with a browser. Browse the site today and you'll find hundreds of live listings. Whether you're searching for a franchise with high EBITDA in Toronto, a turn-key hospitality business in Vancouver, or a niche e-commerce outfit in Alberta, the platform has become the go-to digital repository for those looking for a business for sale. This breadth is not accidental. The site's backend is powered by analytics-driven algorithms designed to match buyers with high-potential listings. That means less time scrolling and more time analyzing viable assets. The challenges of starting a business from scratch are well documented. The failure rate of new enterprises in Canada remains sobering—roughly 20% fail within their first year, and 60% don't make it past year five, according to Innovation, Science and Economic Development Canada (ISED). Contrast that with purchasing a business that already has existing cash flow, customer loyalty, and operational SOPs, and the choice becomes obvious for many risk-averse entrepreneurs. That's where excels. The platform allows potential buyers to filter by age of business, gross revenue, net profit, and even reasons for sale—data points that are critical for understanding operational stability. Moreover, because the site offers businesses across a wide swath of sectors—from manufacturing to digital marketing—it allows buyers to diversify their exposure without venturing outside of their expertise. For buyers who know what to look for—and even more so for those who don't—the curated marketplace is both an education and an opportunity. A scroll through the 'featured listings' section often reads like a crash course in Canadian business fundamentals. Real estate has long touted the mantra 'location, location, location.' The same is increasingly true of small businesses. What's hot in Saskatoon may be tepid in Montreal. understands this regional nuance, which is why its search filters allow for provincial, city-wide, and even neighborhood-level specificity. Looking for a recession-resistant business in a growing community? Or perhaps something near a major logistics corridor for e-commerce scalability? The site's geographic precision offers a tangible advantage over less specialized platforms. And for those seeking a business for sale near me, the site's geolocation tools provide real-time proximity searches, enabling local buyers to discover opportunities without crossing provincial lines—or even city limits. This local-first approach is invaluable in a landscape where economic conditions and labor dynamics can shift dramatically from one region to another. Canada is experiencing an unprecedented generational turnover in business ownership. According to the Canadian Federation of Independent Business (CFIB), over 70% of small business owners plan to exit their business within the next decade, often without a clear succession plan. This looming transition—termed 'The Silver Tsunami' by economists—has created a supply of established businesses unmatched in Canadian history. is uniquely positioned to capitalize on this trend. By streamlining access between motivated sellers and serious buyers, the platform doesn't just help individuals buy businesses; it helps safeguard the continuity of local economies. Investors and operators alike are taking notice. A growing number of private equity firms, family offices, and solo capitalists are using the site to acquire businesses with recurring revenue, strong vendor relationships, and scalable potential. These are not speculative bets—they're long-term plays rooted in fundamentals. While traditional brokers still have their place in complex, multi-million-dollar deals, today's mid-market buyer is digitally native, research-driven, and expects real-time access to data. meets this demand with listings that are not only transparent but also optimized for comparability. Each listing typically includes operational details, financial summaries, and seller notes—all presented in a standardized format that facilitates apples-to-apples evaluation. Add to that a messaging system that connects buyers directly to sellers or their representatives, and it becomes clear why the platform is replacing legacy brokerage models for a new generation of business acquirers. Perhaps the most compelling part? For every well-established buyer out there, there's a new entrant who just needs a frictionless on-ramp. For them, searching for a business for sale in Canada has never been easier—or smarter. In a world increasingly obsessed with 'the next big thing,' sometimes the savviest play is not to start the next unicorn, but to acquire a stallion that's already running. is where those smart bets begin. TIME BUSINESS NEWS
