NuRAN Wireless reports a significant Q3 revenue jump, driven by African NaaS expansion.

NuRAN Wireless reported a 96% revenue increase to $1.56M for Q3 2024, primarily due to Network as a Service (NaaS) growth in Cameroon. Gross profit rose 61% to $765,737, while net loss was $3.22M. For the nine months ending September 30, 2024, revenue increased 87% to $3.69M, and gross profit rose 58% to $2.03M, with net loss down 14% to $8.13M. Recent highlights include a $32.2M NaaS deal with MTN Benin and a $2.5M loan to resume site construction.

November 28, 2024
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