NRRWF (Nuran Wireless) Operating Income: $-4.94 Mil (TTM As of Mar. 2026)

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NRRWF Nuran Wireless Inc NRRWF
40 GF Score
Price $4.40
GF Value $3.15
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Nuran Wireless Operating Income?

Nuran Wireless NRRWF +3.77% 40 Operating Income is $-4.94 Mil as of Mar. 2026. GuruFocus rates NRRWF with a GF Score™ of 40/100 and a GF Value™ of $3.15 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Nuran Wireless's Operating Income for the three months ended in Mar. 2026 was $-1.17 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-4.94 Mil.

Warning Sign:

Nuran Wireless Inc had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nuran Wireless's Operating Income for the three months ended in Mar. 2026 was $-1.17 Mil. Nuran Wireless's Revenue for the three months ended in Mar. 2026 was $0.64 Mil. Therefore, Nuran Wireless's Operating Margin % for the quarter that ended in Mar. 2026 was -183.78%.

Warning Sign:

Nuran Wireless Inc operating margin has been in a 5-year decline. The average rate of decline per year is -7.4%.

Nuran Wireless's 5-Year average Growth Rate for Operating Margin % was -7.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nuran Wireless's annualized ROC % for the quarter that ended in Mar. 2026 was -25.31%. Nuran Wireless's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -133.94%.


Nuran Wireless  (OTCPK:NRRWF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Nuran Wireless's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-4.668 * ( 1 - 0% )/( (17.792 + 19.094)/ 2 )
=-4.668/18.443
=-25.31 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Nuran Wireless's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.112/( ( (2.5 + max(-1.572, 0)) + (2.956 + max(0.684, 0)) )/ 2 )
=-4.112/( ( 2.5 + 3.64 )/ 2 )
=-4.112/3.07
=-133.94 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.218 + 4.632 + 0.995) - (7.58 + 0.837 + -3.5527136788005E-15)
=-1.572

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.07 + 4.397 + 1.066) - (6.993 + 0.856 + 0)
=0.684

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Nuran Wireless's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-1.167/0.635
=-183.78 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Nuran Wireless Operating Income Related Terms


Nuran Wireless Operating Income Historical Data

* Premium members only.

The historical data trend for Nuran Wireless's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuran Wireless Operating Income Chart

Nuran Wireless Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.16 -6.18 -6.14 -3.00 -3.57

Nuran Wireless Quarterly Data
Jan21 Apr21 Jul21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 -0.66 -1.32 -1.80 -1.17
NRRWF
40GF Score
Nuran Wireless Inc NRRWF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuran Wireless Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.94 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-4.94 Mil mean?
Nuran Wireless (NRRWF) has a Operating Income of $-4.94 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nuran Wireless and its competitors.
Is Nuran Wireless' Operating Income too high?
Nuran Wireless' current Operating Income is $-4.94 Mil. Overall, Nuran Wireless has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuran Wireless' Operating Income compare to CSCO and CIEN?
Nuran Wireless' Operating Income of $-4.94 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nuran Wireless and its competitors. Nuran Wireless's current Operating Income is $-4.94 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuran Wireless stock overvalued right now?
Based on GuruFocus' analysis, Nuran Wireless (NRRWF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.15, compared to a current price of $4.40 — trading 39.7% above its estimated fair value. The current Operating Income is $-4.94 Mil. Nuran Wireless' overall GF Score™ is 40/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Nuran Wireless (NRRWF), the current Operating Income is $-4.94 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nuran Wireless (NRRWF) Overvalued in 2026?

Based on GuruFocus' analysis, Nuran Wireless stock appears to be overvalued. The current stock price of $4.40 is trading 39.7% above its estimated GF Value™ of $3.15. GuruFocus considers Nuran Wireless to be Significantly Overvalued.

Key valuation signals for NRRWF:

  • Operating Income: $-4.94 Mil
  • GF Value™: $3.15 vs. price of $4.40 (39.7% above fair value)
  • GF Score™: 40/100 with 11 warning signs

No single metric tells the full story. See the NRRWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nuran Wireless Business Description

Other Exchanges 1RN:GermanyNUR:Canada
Address 2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3
Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing, and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments: NaaS and Direct Sales. The majority of the revenue is derived from Africa.
40GF Score

Get the complete analysis for NRRWF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.40
Price
$3.15
GF Value