Viper Networks Continues Strong Organic Growth in Release of First Quarter Financial Statements
TROY, Mich., May 28, 2025 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) continued to show strong organic growth in the release of its first quarter 2025 financial statements while maintaining positive EBITDA and reducing debt.
Revenues from the quarter rose to $1.307 million and EBITDA (non-GAAP) increased to $46,565, as compared to an EBITDA loss of $171,482 for the same period in 2024. The growth was due to the acquisition of the 0Wire Communications business unit (formerly known as 1stPoint Communications) and the wholesale business unit. Over-the-Top (“OTT”) revenues continued to grow organically due to the company’s advantageous position in the telecommunications marketplace due to its unique licensing. The telecommunications business has grown 41% quarter-over-quarter since the acquisition on November 1, 2024.
Operating losses decreased to $42,570, from $171,482 in the same period in 2024. The operating loss was primarily due to non-cash expenses such as depreciation and amortization associated with the acquisition of the telecommunications business unit.
“During the period the company continued to develop its mobile business, creating the legal framework for its operations in the Eastern Caribbean, which will commence in the country of Dominica. The EC rollout will happen simultaneously with the deployment of mobile services in the United States. We are addressing a critical need for cross-border communications between the population of the small island nations in the region and the United States and Canada,” said Erik Levitt, the company’s CEO. “We intend to announce several key partnerships in the coming quarter that will substantially accelerate our development in the region and in the mobility business unit.”
“Progress continued in the company’s smart city and energy generation initiatives in the United States and in Sri Lanka,” said Farid Shouekani, the company’s Chairman. “As we receive final designs and permits from key municipalities we will begin the planned deployments in both countries.”
The company completed its evaluation of the acquired entities and has filed a revision to its annual financial statements in accordance with standard accounting practices. The filing was concurrent to the filing of the quarterly financial statements.
ABOUT VIPER NETWORKS, INC.
Viper Networks is a service provider of telecommunications, smart city and energy generation projects. Our “Everything Wireless Telecom+Energy” strategy is designed to integrate mobility, fixed wireless, over-the-top (“OTT”) technologies and smart cities into a single platform that can deployed in any market globally. For more information go to .
Forward Looking Statements
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