TIPRANKS
In the first half of 2026, Asiatel grew service revenue 51% year-over-year to $5.14 million, driven mainly by higher volumes from existing customers, but saw gross margin compress to 13% as costs rose faster than sales. The company recorded a net loss of $1.29 million due to $1.39 million in listing-related expenses and higher general and administrative costs associated with completing a reverse takeover, gaining a TSX Venture Exchange listing under the symbol ATOI, and strengthening its balance sheet with increased cash and equity from a private placement financing.
Forward-looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Forward looking statements in this news release include, but are not limited to statements regarding strategic acquisitions, scaling beyond current footprint in the SME market, future growth, shifting towards higher-value KPO, accessing capital markets to fund growth or acquisitions and expanding into ASEAN, Latin American or European markets. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.