NTG Clarity Networks Inc. (NCI:TSX-V) - October 23rd 2017
Original Price: $ 0.045
Current Price: $ 0.045
NTG Clarity Networks Inc. (NCI:TSX-V) delivers network, IT (information technology) and infrastructure solutions to telecommunications service providers. The company has been developing niche software products directed at the business-to-business Internet market since its inception in 1992. A significant portion of NTG Clarity's future growth is expected to originate from the international marketplace due in part to the deregulation of the telecommunication sector and the licensing of new mobile operators.
During the second quarter of 2017, NTG Clarity posted sales of $4.1 million, a 38% increase over the revenues generated in Q1 2017. Though year-over-year gross margins were lower in Q2 2017, the company’s operating expenses declined and this resulted in a much smaller net loss for the quarter as compared to 2016. The reduced Q2 2017 loss stems from management’s cost cutting strategy that began in Q3 2016. Management is confident that revenue levels are recovering and that the company will soon return to generating a net profit.
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