NTG Clarity Networks Inc. (NCI:TSX-V) - November 26th 2018
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 first 9 months of 2018, the company posted a 3% decrease in sales to $10.2 million. Gross margin improved to 44% compared to just 36% last year. Meanwhile, G&A expenses were reduced by 20%, and selling expenses were reduced by 13%, leading to net income of $183,406 compared to a net loss of $706,810 in 2017. The company has now posted three consecutive quarters of positive net income.
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