TROY, Mich., May 22, 2026 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) released its first quarter 2026 financial statements. Revenues from the quarter rose to $1.393 million, increasing from $1.307 million in the first quarter of 2025. The growth was primarily due to an increase in revenues from the Over-the-Top ("OTT") business unit.

Operating losses increased to $99,930, from $2,876 in the same period in 2025. The operating loss was primarily due to non-cash expenses, including depreciation and amortization associated with the acquisition of the telecommunications business unit. Depreciation and amortization expenses were $50,090 during the period.

The increase in sales, general and administrative expenses were primarily due to one-time costs associated with licensing and legal fees in St. Lucia and Dominica, the establishment of a new business license in the Middle Eastern part of Asia and marketing expenses in Alabama, Colorado and Dominica in preparation for the launches in those markets. The company also continued to make progress in developing follow-on projects to its Sri Lanka pilot. Details of these licenses and projects will be disclosed in subsequent releases.

"During the period ...