Nuran Wireless Inc. (NRRWF) Form 6-K — Sep 3, 2026
NuRAN Wireless filed its Q2 2026 interim results via Form 6-K, reporting six-month revenue of CAD $1.74 million, down from CAD $2.91 million a year earlier, while the net loss narrowed to CAD $4.63 million from CAD $5.32 million and Q2 revenue rose CAD $240,506 year-over-year. The financials carry explicit going-concern language: cash was just CAD $388,724 at June 30, 2026, against a working capital deficiency of CAD $10.8 million and an accumulated deficit of CAD $98.9 million, with material uncertainties casting significant doubt on the company's ability to continue.
Key figures
- Revenue
- 1744170
- Revenue Yoy
- -40% for six months ended June 30, 2026 (down $1,165,584 from $2,909,754); Q2 up $240,506 YoY to $868,426
- Total Assets
- 26838213
- Cash Position
- 388724
- Shares Outstanding
- 13084716
- Currency
- CAD (US$ where noted)
- Q2 Revenue
- 868426
- Naas Site Goal
- 10000
- Gross Margin6 M
- 65.0% (vs 57.7% prior year; 69.3% excluding $243,336 billing credit)
- Naas Revenue6 M
- 1707677
- Nasdaq Listing
- approved Aug 13, 2026; trading began Aug 17, 2026 under ticker NUR
- Total Debt Basis
- Loans payable $8,598,931 + convertible debentures $2,645,502 + convertible debentures/derivative liability $2,966,430 (excludes lease liabilities)
- Cygnum Facility Usd
- 5000000
- Accumulated Deficit
- 98859599
- Share Consolidation
- 300:1 effective December 9, 2025
- Afrigreen Mandate Usd
- 12000000
- Preferred Share Price
- 4.25
- Preferred Shares Issued
- 1788233
- Cygnum Facility Maturity
- extended to April 24, 2027
- Naas Sites Under Contract
- 5092
- Factor Voting Stake Issued
- 55.78% of outstanding voting securities to vendors of Advance Factoring Inc.
- Preferred Share Financing
- 7600000
- Working Capital Deficiency
- 10835917
- Restructuring Debt Extinguished
- over $20,000,000 of debt and accounts payable converted to equity (Dec 2025)
- Unsecured Convertible Debenture
- USD $2,194,772 principal, 15% per annum, matured Aug 16, 2026 (settled via preferred shares Aug 14, 2026)
AI analysis
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