WYTC
WYTEC INTERNATIONAL INC1.7590
-0.0810-4.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
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0%Recent Filings
8-K
Wytec issues risky note
Wytec International closed a $71,300 promissory note with 1800 Diagonal Lending on March 3, 2026, netting $62,000 after $9,300 OID for working capital. Five payments start August 30, totaling $79,856, with prepay discounts up to 5% in first 180 days. Default triggers 150% penalty and conversion at 65% of low trading price. High-risk terms burden cash flow.
8-K
Exec warrants extended one year
8-K
Wytec raises $122k toxic debt
Wytec secured $122k principal via discounted notes from Labrys ($74.75k for $65k, closing Dec 10, 2025) and 1800 Diagonal ($65.5k for $57k, closing Dec 12), both with 12% one-time interest, steep amortization schedules through 2026, and default conversion at 65% of recent lows capped at 4.99% ownership. Cash bolsters working capital yet piles on dilutive debt. Defaults trigger 150% penalties.
10-Q
Q3 FY2025 results
Wytec's Q3 revenue fell 97% y/y to $2,359 from $88,034, with nine-month sales down 81% to $24,149, all from three customers; gross profit swung positive at 100% while operating expenses dropped 16% y/y to $460,772 on lower stock compensation. Net loss narrowed to $523K from $664K, driven by higher interest expense of $65K versus operating loss of $458K. Cash holds at $129K after $1.1M YTD operating burn, offset by $1.2M in shareholder and convertible notes; total debt climbed to $2.4M, mostly short-term at 7-9.5%. Debt funds bridge to 5G commercialization. Warrants loom large.
8-K
Auditor switch to BDO
Wytec International switched auditors on November 1, 2025, after Horne LLP's partners and staff joined BDO USA, prompting Horne's resignation and BDO's appointment by the Audit Committee. No disagreements arose with Horne over accounting or auditing matters in fiscal years 2023 and 2024, nor through October 31, 2025; prior audits carried clean opinions. This seamless transition bolsters audit continuity. Horne confirmed the details in a letter filed as Exhibit 16.1.
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