Edgewater CEO Andrew Skafel Highlights AI-Powered PrismIQ™ Momentum as Company Reports Q2 FY2026 Results
AI-powered Wi-Fi Spectrum Slicing™ roadmap gains momentum as Edgewater earns recognition alongside Arm, TSMC, and Silicon Catalyst.
Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Company”), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ silicon solutions and IP, reported financial results for the three and six months ended (Fiscal 2026 Q2). The Company’s interim financial statements and related Management’s Discussion and Analysis (“MD&A”) are available on SEDAR+. All figures are in Canadian dollars and prepared in accordance with IFRS unless otherwise stated.
Our progress this quarter reflects disciplined, capital-efficient execution across our PrismIQ™ roadmap—advancing AI-enabled capabilities and hitting key silicon program milestones,” said Andrew Skafel, President & CEO. “Just as importantly, our growing visibility—through invitations to speak alongside Silicon Catalyst and Arm at TSMC, and at Canada’s premier semiconductor symposium—signals that Edgewater’s star is rising as the industry shifts toward multi-link, multi-channel Wi-Fi architectures.”
Highlights and Corporate Update (Q2 FY2026)
•AI-enabled roadmap advancement: Initiated prototyping of an AI subsystem powered by Arm to enhance intelligent, edge-centric Wi-Fi performance in dense environments.
•CEO invited to speak at marquee Silicon Valley semiconductor forum: CEO Andrew Skafel selected to participate in Silicon Catalyst’s “Catalysts of Innovation” panel, hosted with Arm at TSMC—reinforcing Edgewater’s growing profile among semiconductor leaders, investors, and ecosystem partners.
•PrismIQ™ program milestone achieved: Completed RF front-end packaging for components slated for integration into the newly introduced PrismIQ™ product family—an on-time, on-budget milestone enabled by the Silicon Catalyst ecosystem.
•Balance sheet and capital structure enhancements: TSXV approved amendments extending the Company’s unsecured convertible debentures to September 1, 2027 and adding an acceleration feature (conversion permitted at the Company’s election if VWAP is $0.18+ for 10 consecutive trading days).
Subsequent Events and Recent Visibility (Outside the Reporting Period)
•National semiconductor thought leadership: Announced participation at Accelerated: Canada’s Semiconductor Symposium 2025 (Nov 25–26, Vancouver), where CEO Andrew Skafel spotlighted Edgewater’s AI-powered Wi-Fi Spectrum Slicing™ and Wi-Fi 8–ready silicon roadmap.
•Silicon Catalyst ecosystem engagement: Continued engagement across Silicon Catalyst’s network, including its Portfolio Company Update (Nov 5, 2025) convening semiconductor leaders and ecosystem stakeholders.
•Digital awareness program: Engaged Winning Media LLC for a two-month, omnichannel digital marketing program (US$50,000; subject to TSXV approval).
•AGM and governance: Shareholders approved all AGM resolutions, including the 2025 Equity Incentive Plan; the Board appointed Brian Imrie as Chair.
Financial Summary (Three and Six Months Ended October 31, 2025)
•Cash and liquidity: Cash at October 31, 2025 was $211,178.
•Net loss: Net loss for the quarter was $263,687 and for the six-month period was $623,643.
•Operating expenses: Operating expenses were $347,908 for the quarter and $707,644 for the six-month period, reflecting continued focus on advancing product development initiatives.
•Non-dilutive support: Recognized $48,499 (quarter) and $120,559 (six months) in other income related to reimbursable costs under the federal FABrIC program; recorded a $87,573 grant receivable at period end.
•Capital structure (as at October 31, 2025): Common shares outstanding: 237,902,445; stock options: 17,895,000; warrants: 67,837,139.
Edgewater’s unaudited condensed interim consolidated financial statements and related MD&A for the three and six months ended October 31, 2025 are available on SEDAR+.
