TeraGo Inc.

Q2 2026 revenue was $6.21 million, versus $6.34 million in Q2 2025. Adjusted EBITDA increased 16.8% year over year to $1.06 million from $903,000. Net loss improved to $3.82 million from $4.26 million last year. ARPA rose 4.2% to $1,279 from $1,228, while churn was 1.0% versus 0.9% a year ago. Backlog MRR at June 30, 2026 was $78,788, compared with $93,279 a year earlier, but it increased sequentially from March 31, 2026. The company ended the quarter with $6.6 million in cash and cash equivalents. No formal next-quarter or full-year financial guidance was provided; management said booking activity in 2026 is trending above 2025 and it aims to improve sales bookings, grow revenue quality, expand profitability and execute on spectrum-related opportunities.

Daniel Vucinic said the quarter showed meaningful progress, pointing to higher adjusted EBITDA, stronger ARPA and better booking activity as signs that the strategy is working. He emphasized a shift toward larger mid-market and enterprise customers, especially multi-location accounts, and away from lower-margin, unprofitable customers. His tone was optimistic, especially around ISED’s spectrum ruling, which he described as transformative and a major expansion of TeraGo’s long-term strategic options.

Rajneesh Sapra focused on the operating metrics and financial discipline behind the quarter’s improvement. He cited ARPA of $1,279, churn of 1%, backlog MRR of $78,788, revenue of $6.21 million, adjusted EBITDA of $1.06 million and cash and cash equivalents of $6.6 million. He said the EBITDA gain was driven mainly by lower operating expenses and disciplined cost management, capital allocation and operational efficiency, while the revenue decline reflected weaker 2025 bookings, installation delays on larger multisite deployments and the deliberate exit from unprofitable accounts.

There was no analyst Q&A on the call; the operator noted there were no questions on the lines. As a result, there were no additional management clarifications beyond the prepared remarks on bookings, backlog, customer mix, and the spectrum decision.