NTG Clarity Networks Inc. (NCI:TSX-V) - June 2nd 2017
Original Price: $ 0.045
Current Price: $ 0.04
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 ended March 31, 2017, NTG Clarity posted sales of $3.0 million, a 23% increase over the revenues generated in Q1 2016. Though year-over-year gross margins were lower in Q1 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 Q1 2017 loss stems from management’s cost cutting strategy that began in Q3 2016. Although the past year has been a challenging one for NTG Clarity, management is confident that sales will improve and NTG Clarity will return to profitability in 2017.
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