WYTEC INTERNATIONAL INC

What they do

Wytec develops wide area networks (WANs) using small cell technology and private LTE solutions for IoT applications. It offers in-building cellular (DAS) and private LTE through distributor agreements, including a channel agreement with Synnex Corporation. It is also developing AI/ML gunshot detection and smart sensors in partnership with Trabus Technologies, filing five patent applications on that technology in September 2024. The company has effectively no commercial revenue, with annual revenue declining from $1.1M in 2020 to $131,077 in 2024.

Revenue drivers

• Channel/distributor sales (Synnex) — Distribution agreement with Synnex for private LTE and DAS solutions; no revenue contribution is disclosed in the filings provided.
• Patented LPN-16 small cell technology — Owns patents for small cell technology intended for citywide 5G networks, but no commercial sales or revenue from this technology are reported.
• AI gunshot detection and smart sensors — Under development with Trabus; pilot program proposed for TXShare cooperative purchasing members in 2026; no revenue yet.

Recent performance

For the fiscal year ended December 31, 2024, Wytec reported revenue of $131,077, down from $255,634 in 2023, and a net loss of $3.7M (EPS -$0.25). Operating cash flow was -$1.7M. Quarterly revenue has been minimal: $2,931 (Dec 2024), $2,607 (Mar 2025), $19,183 (Jun 2025), and $2,359 (Sep 2025). As of September 30, 2025, total assets were $201,945, total liabilities $3.9M, and shareholder equity was negative $3.7M; cash was $128,937.

Strategy

Management's strategy centers on commercializing patented small cell (LPN-16) technology for 5G networks and AI-driven gunshot detection, with a pilot planned for 2026. It relies on distribution partnerships (Synnex) and technology collaboration (Trabus) to bring products to market. The company also continues to file patents and seeks additional capital to fund operations, though it has insufficient revenue to cover operating costs.

Risks

• Going concern risk — Auditor's report notes substantial doubt about the ability to continue as a going concern due to recurring losses and liabilities exceeding assets.
• Negligible revenue — Annual revenue has declined every year since 2020, reaching only $131,077 in 2024, and recent quarters show revenue under $20,000.
• Negative shareholder equity — Equity is -$3.7M as of September 30, 2025, with total liabilities of $3.9M and cash of only $128,937.
• Dilution risk — Repeated unregistered sales of equity and convertible securities (as seen in recent 8-Ks) could dilute existing shareholders.

Outlook

Management expects to continue development of gunshot detection technology with a pilot program for TXShare members in 2026. It anticipates revenue from private LTE/DAS distribution and eventual commercialization of LPN-16. However, management acknowledges inadequate capital and insufficient revenue to cover operating costs as key uncertainties.