NTG Clarity Networks Inc. (NCI:TSX-V) - June 8th 2018
Original Price: $ 0.045
Current Price: $ 0.07
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 first quarter of 2018, NTG Clarity posted sales of $4.0 million, a 34% increase from last year. Gross margin was 38% during Q1/18 compared to just 19% during Q1/17. Operating expenses during the period were reduced by 21% and G&A expenses were reduced by 16%, leading to net income of $160,482, compared to a loss of ($752,579) in the prior year.
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