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Viper Networks Releases Annual Financial Statements
Globenewswire· 2026-02-09 14:30
Financial Performance - Revenues for the fiscal year 2025 increased to $5.546 million, up from $936 thousand in 2024 [2] - EBITDA improved to $199,197, a significant increase from a loss of ($218,035) in the same period of 2024 [2] - The acquisition of telecommunications subsidiaries, now known as 0Wire Communications, LLC and 0Wire Wholesale, LLC, contributed to this growth, generating $3.280 million in annualized revenue before the acquisition, representing a 69% increase through organic growth [2] Strategic Initiatives - The company is executing its "Everything Wireless: Telecom+Energy" strategy, integrating various technologies into a single platform for global deployment [4] - Key milestones include the launch of mobile virtual network enabler (MVNE) services through a Joint Venture Agreement with Choice Wireless, facilitating mobility services in the US and Caribbean [6] - The company has completed the registration of its regional parent company, 0Wire [CARICOM], LLC, in St. Lucia, with plans to provide services in Dominica, St. Kitts, and St. Lucia in 2026 [6] Management Insights - The CEO highlighted the company's effective execution of its strategic vision and the improvement of financial results and balance sheet [3] - The chairman noted progress in all markets and the anticipation of announcing further developments in the future [3] - The company is undergoing audit processes as part of corporate actions intended by the Board of Directors, including a rebranding to 0Wire, Inc. [6]
Viper Networks and Apollo International Announce Smart City Pilot Deployment in Saudi Arabia
Globenewswire· 2025-09-23 13:00
Core Insights - Viper Networks and Apollo INT'L have successfully completed a pilot deployment of smart city infrastructure in Saudi Arabia, showcasing the versatility of Viper's Community product line, which includes advanced smart poles and lighting systems [1][3] - The project aims to enable municipalities, mobile operators, and enterprises to achieve cost efficiencies and create new revenue streams through various applications such as security cameras, advertising, and public WiFi systems [2][3] - The pilot in Saudi Arabia is the second of three ongoing pilot projects, following the completion of a similar project in Colombo, Sri Lanka, which involved the deployment of 108 poles and smart lights [4] Company Strategy - The Community product line is a key component of the company's "Everything Wireless: Telecom+Energy" strategy, which integrates mobility, fixed wireless, and smart city technologies into a unified platform for global deployment [5] - The company is committed to expanding its operations, with plans to announce a pilot project in the United States and additional follow-on projects this quarter [6]