Novra Announces First Funds Received Under SNAPS Convertible Loan Agreement
Winnipeg, Manitoba--(Newsfile Corp. - June 16, 2025) - Novra Technologies Inc. (TSXV: NVI) ("Novra") is issuing this notice to announce that it has received the first US $500 thousand tranche of funds related to its binding Convertible Loan Agreement with SNAPS Holding Company ("SNAPS"), which was initially announced on September 10, 2024 and subsequently extended. The remainder of the loan is expected to be received in multiple tranches later in June and July.As disclosed in previous statements, under the agreement SNAPS, which...
2025-06-16 6:00 PM EDT
Novra Announces Extension of SNAPS Convertible Loan Agreement
Winnipeg, Manitoba--(Newsfile Corp. - May 7, 2025) - Novra Technologies Inc. (TSXV: NVI) ("Novra") is issuing this notice to provide a status update and announce an extension on its binding Convertible Loan Agreement ("Loan") with SNAPS Holding Company ("SNAPS"), which it initially announced on September 10, 2024 and provided further disclosure for on December 19, 2024. As disclosed in previous statements, under the agreement SNAPS which is an arm's-length party, will provide CAN $12.258 million for a term of two...
2025-05-07 6:00 PM EDT
Novra Announces Additional Details on Convertible Loan Agreement
Winnipeg, Manitoba--(Newsfile Corp. - December 19, 2024) - Novra Technologies Inc. (TSXV: NVI) ("Novra") is issuing this notice to provide additional specific details and updates related to the binding Convertible Loan Agreement (Loan) it announced on September 10, 2024. As indicated previously, with this agreement a US-based private investment group commits to provide $12.258 million for a term of two years and bearing interest at 1% per annum. The Loan may, at the option of the lender, be convertible into common...
2024-12-19 5:00 PM EST
Novra Announces Significant Q4 Orders
Winnipeg, Manitoba--(Newsfile Corp. - November 26, 2024) - Novra Technologies Inc. (TSXV: NVI) is pleased to announce a series of substantial new orders in the fourth quarter of 2024, marking a strong rebound following a period of weak bookings in the previous three quarters. At the halfway point of our Q4, orders total over $2.3 million, close to the total combined bookings from the first three quarters of 2024. Several orders were expected earlier in 2024 and slipped into Q4,...
2024-11-26 8:42 PM EST
Novra Announces Convertible Loan Agreement of over $12M at $0.34 per Share
Winnipeg, Manitoba--(Newsfile Corp. - September 10, 2024) - Novra Technologies Inc. (TSXV: NVI) ("Novra") is pleased to announce that yesterday it entered into a binding non-brokered Convertible Loan Agreement in the aggregate of $12.258 million with a US-based private investment group ("Lender").Under this Convertible Loan agreement, Lender agrees to loan Novra $12.258 million for a term of up to two years at a fixed interest rate of 1.0% per annum. At its sole discretion, the Lender may elect to convert...
2024-09-10 5:00 PM EDT
Novra Announces Board and Officer Changes
Winnipeg, Manitoba--(Newsfile Corp. - September 6, 2024) - Novra Technologies Inc. (TSXV: NVI) ("Novra" or the "Company") today announced changes following the retirement of Mr. Peter J. Wintemute from its Board of Directors. Mr. Wintemute served as a Director on Novra's Board, as its Chair, and as chair of its audit committee, from June 20, 2003 until his retirement August 22, 2024. Harris Liontas, CEO, stated, "I would like to personally thank Peter for the expertise, insight and dedication he...
2024-09-06 6:53 PM EDT
Novra Group Announces Next-Generation Upgrade for Radio Renascenca in Portugal
Ottawa, Ontario--(Newsfile Corp. - June 26, 2024) - Novra Technologies (TSXV: NVI) (OTCQB: NVRVF) and its subsidiary, International Datacasting Corporation (IDC), are pleased to announce receipt of an order from longtime customer Radio Renascença in Portugal to upgrade its network. This upgrade will refresh and enhance Radio Renascença's current radio distribution infrastructure with IDC's latest technology MAP Pro Audio receivers.The new MAP Pro Audio receivers are designed to support modern broadcasting needs with improved efficiency and performance.Key Features of the...
2024-06-26 6:05 PM EDT
Novra Announces Financial Results for Q4 and the Full Year 2023
Winnipeg, Manitoba--(Newsfile Corp. - April 30, 2024) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has released its financial results for the year ended December 31, 2023. All amounts are in Canadian dollars unless otherwise noted. Novra's financial performance improved significantly after a slow start to the year and returned to net income profitability for the full year. Although our annual revenue was down by $157 thousand, our net income was $136 thousand, a $610 thousand improvement over the $474...
2024-04-30 8:14 PM EDT
Novra Promotes Rodney Allan to Group President
Winnipeg, Manitoba--(Newsfile Corp. - January 25, 2024) - Harris Liontas, CEO of Novra Technologies Inc. ("Novra") today announced the promotion of Rodney Allan to the position of President of the Novra Group of companies. As President he will report directly to Novra's CEO and take on responsibility for many of the day-to-day activities of the group.Allan originally joined International Datacasting Inc. (IDC), a Novra Group company, in 2013. Since then he has taken on multiple senior technical and leadership positions...
2024-01-25 5:00 PM EST
Novra Announces Financial Results for Q3 and the First Nine Months of 2023
Winnipeg, Manitoba--(Newsfile Corp. - November 30, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") has released its financial results for the nine months ended September 30, 2023. All amounts are in Canadian dollars unless otherwise noted. Novra is pleased to announce a profitable Q3, along with improved gross margins and continued reductions in operating expenses for the nine-month period. Our third quarter results were positive with a net income of $102 thousand and $253 thousand Adjusted EBITDA(1).Our financial...
2023-11-30 8:43 PM EST
Novra Announces Financial Results for the First Six Months of 2023
Winnipeg, Manitoba--(Newsfile Corp. - August 30, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") has released its financial results for the six months ended June 30, 2023. All amounts are in Canadian dollars unless otherwise noted. Novra is pleased to announce our revenue improved significantly in Q2 compared to the previous quarter and our current healthy product inventory levels are allowing us to ship many of our new orders from stock. We expect to deliver the remainder of...
2023-08-30 5:00 PM EDT
Novra Group Announces New Orders for MISTiQ, the Cloud Distribution Platform for Broadcasters
Ottawa, Ontario--(Newsfile Corp. - June 5, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") and its subsidiary International Datacasting Corporation ("IDC") announced today two new orders from major broadcasters for MISTiQ, the managed cloud solution for broadcasters.MISTiQ offers broadcasters the ability to seamlessly transfer content distribution from traditional satellite networks to terrestrial IP/internet. As the media industry continues to evolve this offers broadcasters important new alternatives to reduce costs, improve quality, and expand reach. Satellite technology is ideal...
2023-06-05 7:30 AM EDT
Novra Announces Financial Results for Q1 2023
Winnipeg, Manitoba--(Newsfile Corp. - May 31, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") has released its financial results for the three months ended March 31, 2023. All amounts are in Canadian dollars unless otherwise noted. Novra is pleased to announce several positive trends in our financial results for the first quarter, as well as significant customer orders so far this year. While Novra's revenues fluctuate quarterly reflecting the project-based nature of our sales, and Q1 is...
2023-05-31 5:54 PM EDT
Novra Announces Financial Results for Q4 and the Full Year 2022
Winnipeg, Manitoba--(Newsfile Corp. - May 2, 2023) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has released its financial results for the year ended December 31, 2022. All amounts are in Canadian dollars unless otherwise noted. Novra is pleased to announce improvements in our financial results, with a profitable second half of the year. Although our net income for the year was a loss of $474 thousand, there was year-over-year improvement in our revenue, our gross profit, and our operating income....
2023-05-02 7:00 AM EDT
Novra Group Announces New Government Orders and Products: Next-Generation Receivers and Encryption Part of Lifecycle Support
Ottawa, Ontario--(Newsfile Corp. - April 17, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") and its subsidiary International Datacasting Corporation ("IDC"), the longtime provider of encryption technology and satellite receivers/IRDs for the U.S. Department of Defense's secure Global Broadcast Service (GBS) announced receipt of a significant order from a US government contractor to upgrade the GBS Cyphercast encryption headend. In tandem with with this project, the company is launching next-generation products tailored for use in the GBS and...
2023-04-17 1:00 PM EDT
Novra Announces Financial Results for Q3 and the First Nine Months of 2022
Winnipeg, Manitoba--(Newsfile Corp. - November 29, 2022) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has announced its financial results for the nine months ended September 30, 2022. All amounts are in Canadian dollars unless otherwise noted. Novra is pleased to announce Q3 revenue of $2.1 million (2021: $891 thousand) and Net Income of $14 thousand (2021: loss of $694 thousand), which is a continuation of the improvements in our financial results that began in Q2. While our full nine-month...
2022-11-29 9:00 PM EST
Novra Announces Financial Results for the First Six Months of 2022
Winnipeg, Manitoba--(Newsfile Corp. - August 29, 2022) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has announced its financial results for the six months ended June 30, 2022. All amounts are in Canadian dollars unless otherwise noted. Shipments against Novra's order backlog ramped up in the second quarter and this is reflected in improved financial results for the three-month period. However, transportation delays resulting from the continued effects of COVID-19 and global unrest caused some backlog shipments scheduled for Q2...
2022-08-29 7:01 PM EDT
Novra Selected for Next-Generation Hybrid Radio Network by Your Network of Praise
Ottawa, Ontario--(Newsfile Corp. - June 27, 2022) - Novra Technologies Inc. (TSXV: NVI) ("Novra") and its subsidiary International Datacasting Corporation ("IDC") announced today that it has been selected by Your Network of Praise (YNOP), a non-denominational international radio network, to provide the next-generation broadcast infrastructure for its radio network refresh. The network will be operated by LinkUp Communications from its Denver teleport. IDC will provide audio encoders and next-generation MAP receivers as well as the IDC MISTiQ cloud distribution...
2022-06-27 8:00 PM EDT
Novra Announces Financial Results for the First Three Months of 2022
Winnipeg, Manitoba--(Newsfile Corp. - May 30, 2022) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has announced its financial results for the three months ended March 31, 2022. All amounts are in Canadian dollars unless otherwise noted.Continued COVID-19 lockdowns and escalating geopolitical turmoil negatively impacted the world's supply chains and this had a major effect on Novra's Q1 2022 financial results by delaying our ability to ship our $5.7 million in backlog orders. However, shipments against Novra's order backlog have commenced...
2022-05-30 6:00 PM EDT
Novra Announces 2021 Financial Results
Winnipeg, Manitoba--(Newsfile Corp. - May 2, 2022) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has announced its financial results for the year ended December 31, 2021. All amounts are in Canadian dollars unless otherwise noted. 2021 Consolidated Financial ResultsNovra's 2021 financial results improved significantly over the previous year. The company returned to profitability on a consolidated basis and our Net Income improved by more than $2.6 million over 2020. This year-over-year improvement was driven by a combination of a 45%...
2022-05-02 9:00 PM EDT