NTG Clarity Networks Inc. (NCI:TSX-V) - January 18th 2018
Original Price: $ 0.045
Current Price: $ 0.095
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 third quarter of 2017, NTG Clarity posted sales of $3.3 million, almost exactly in line with the revenues generated in Q3 2016. Notably, year-over-year gross margins were dramatically higher in Q3 2017 at 56%, as compared to 36% in Q3 last year. Also, the company’s operating expenses declined from $1.7 million last year to $1.5 million in 2017 during the quarter. These factors resulted in NCI posting a profitable quarter for the first time since Q3 2015.
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