NTG Clarity Networks Inc. (NCI:TSX-V) - January 6th 2017
Original Price: $ 0.045
Current Price: $ 0.065
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 2016, NTG Clarity posted sales of $3.26 million, a 10% decrease over the same period in 2015. It is important to note that the company has posted significant revenue growth over the past 4 years, more than tripling sales during that period. Although the past few quarters represent a rough patch in the company’s history of profitability due to its expansion costs and weaker oil prices affecting business in the Middle East, management remains confident that sales will begin to improve and NTG Clarity will return to profitability.
As at September 30, 2016, NTG Clarity had close to a breakeven working capital position and no long-term debt.
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