Terago (TGO) investor relations material

Executive summary

• Focused on value creation through operational efficiency, customer focus, and strategic capital investments.

• Revenue for Q3 2025 declined 2.2% year-over-year to $6,398K, mainly due to increased churn from discontinuing unprofitable accounts, partially offset by new customer growth.

• Targeting larger SME and enterprise clients with multi-site locations, resulting in longer sales cycles but higher deal values.

• Strengthened capital structure post-quarter with $46M in new debt and equity financings, enabling growth in 5G and Fixed Wireless.

Financial highlights

• Q3 2025 revenue was $6,398,000, down 2.2% year-over-year, with gross profit margin improving to 73.9%.

• Adjusted EBITDA rose 2.9% to $971,000, despite lower revenue.

• Net loss improved to $2,368,000 from $3,338,000 in Q3 2024.

• Generated $758,000 in cash from operations in Q3 2025.

• Ended Q3 with $1,190,000 in cash and cash equivalents.

Outlook and guidance

• Anticipates longer sales cycles for larger deals due to economic uncertainty, but expects increased deal closures in coming quarters.

• New capital enables launch of next-generation Fixed Wireless products and hub expansion.

• CapEx will remain ROI-driven and success-based, with focus on new technologies and cost optimization.

• Management remains focused on operational efficiency, customer experience, and long-term value creation.