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Nuran Wireless

NUR.CN
20
Communication Equipment · Technology
Price
C$6.10
+0.20 (+3.39%)
Market Cap
C$193.5M
Exchange
Canadian Securities Exchange
Winston Score
20
Winston is worried
Weak fundamentals across most pillars.
Data as of Jul 26, 2026 · filings through Mar 31, 2026

Share count falling — buybacks

90.5% over 6y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 6.2M (2019) → 591K (2025)

Operating across Canada, the United States, Europe, and international markets, Nuran Wireless Inc., along with its associated entities, is dedicated to the research, development, manufacturing, marketing, and operational management of digital electronic circuits and advanced wireless telecommunication solutions. The company's diverse product range features several base stations: the LiteCell GSM, tailored for rural, roadside, low-density village, remote location, developing market, and private network deployments; the robust OC-2G carrier-grade GSM base station; and the Litecell-xG, a versatile multi-standard base station supporting 2G, 3G, and 4G. Furthermore, Nuran provides the Nexus Core Network, a software-based core network infrastructure compatible with 2G, 3G, and 4G services, designed for small to medium-scale operations, including regional and rural mobile carriers, as well as private enterprise networks. Its offerings also extend to Network as a Service. This company, founded in 2014, maintains its headquarters in Lévis, Canada.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-60.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+98.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$1M/ year

Rising (+35% vs prior year)

25.6% of revenue

1.7x the sector average (15%)

Investing heavily in future products and technology

Cash Runway

~2 months

$2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Nuran Wireless is putting 26% of revenue into R&D and that number is rising. That's 1.7x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
72.4%
Premium pricing power — 72.4% gross margin
Operating Margin
-183.8%
Losing money on operations — -183.8%
ROCE
-9.5%
Weak — -9.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-259.8%
Burning cash (-259.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
4.04
Heavy debt load (4.04)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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