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NTG Clarity Networks Inc. Announces First Quarter 2013 Results



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By Bobwins

Posted: Wednesday Oct 16 8:55:34AM 2013

found Q3 results on Sedar.com.  Earned 784K or .02eps on 3.8 million in revs.  Nice sequential increase in total revs from 1.4million Q1 to 2.1million Q2 to 3.8million in Q3.  

The .02 eps fits with my expectation of .07 to .09eps for 2013.  A little less profitable than Q2,probably due to taking the licensing profits in Q2.  Actual installation of the software and bringing new accounts online is more labor intensive than just recognizing licensing software revs, which essentially have zero cost of goods sold.  


By Bobwins

Posted: Wednesday Oct 16 8:37:26AM 2013

woohoo!  NCI.v  +.06 to C$.56.  NCI continues to move upwards.  Sagged a bit recently but bounced hard off the 50 day moving average.  Longer term, I was expecting .07 to .09eps for 2013 from NCI.  That gives NCI some room to continue upwards towards .60 to .80 and 10X p/e ratio.  Won't get Q3 report for several more weeks but market is obviously expecting more good news.  


By Bobwins

Posted: Tuesday Sep 3 7:38:57AM 2013

+.06 to C$.45

 

September 3, 2013, Toronto, Ontario. NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce that the company has signed a US$3.64 Million Document of Understand with an American multinational technology and consulting corporation for the operations service and support of NTS Telecom in a Box and Partner Management Portal managed services. This DOU is valid for 5 years, starting September 1, 2013. The current US $3.64 Million agreement covers a one year period from September 1, 2013 to August 31, 2014. We are expecting to receive the formal PO in the coming weeks.

"We are very pleased with the signing of this DOU as it increases our revenue base significantly and introduces our products and services to this multinational corporation" said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.

NTG Clarity would also like to assure investors that the Corporation has not experienced any negative impact from the political instability in certain Middle East countries. Over 95% of NTG Clarity's revenue is in politically stable countries and the Corporation does not expect any adverse impact from current world events.


By Bobwins

Posted: Friday Aug 16 10:12:50AM 2013

NTG has been on a tear this week.  Today +.05 to C$.49.  I sold a few more at .50, bringing my holdings down to about 1/2 my original stake.  Been a great run from my avg of .15.  Not sure if the recent run is a result of a leak of good news or just someone deciding that there is still room to run.  


By Bobwins

Posted: Friday Aug 2 11:06:38AM 2013

NTG finally closed the debenture offering of $1million.  Market likes it.  NCI.v  +.09 to C$.40

 

Insiders bought $250K of the offering so solid insider support for company financial needs.  Can't grow without the ability to pay salaries and bills while waiting to collect the increased billings.  This financing should help them but not totally sure it is enough to finance this size of growth.  Sales look to more than double in a short time.  We'll find out pretty quick.  


By PAndreola

Posted: Thursday Jul 11 4:30:41PM 2013

Much better numbers than I was expecting too.

By Bobwins

Posted: Thursday Jul 11 3:37:25PM 2013

NTG doubled today.  Finishing +.21 to C$.41. 


By Bobwins

Posted: Thursday Jul 11 6:24:34AM 2013

Wow. Better than I had hoped.  .03 eps
NTG Clarity Networks Announces Record Second Quarter Revenues and Earnings

 

(via Thenewswire.ca)

July 11, 2013. Toronto Ontario: NTG Clarity Networks Inc., (TSX VENTURE:NCI), a world leader in the telecommunications OSS/BSS market, is pleased to announce record second quarter 2013 financial results. The Company experienced a 76% increase in revenues during the second quarter of 2013 to $2,149,380 compared to $1,223,697 during the same period in 2012. (All amounts in Canadian dollars).

NTG has generated more than $2 million in sales this quarter. This increase in revenue was mainly due to demand for our professional services and product licenses. For the six months, the Company posted revenues of $3,636,252 compared to $2,284,168, an increase of 59%. Gross margin was 63% for the second quarter of 2013, and 57% for the six months. Gross margins in the prior year were 39% for both the 3 and 6 month period.

Net income for the second quarter of 2013 increased by 299% to $829,403 or $0.03 per share and exceeded the entire annual profit from 2012. For the first half of 2013, net income rose 595% to $1,031,467 as compared to $148,341 in the first half of 2012. The increase in profitability was due mainly to increased revenues in product licenses which are market oriented and highly profitable.

As at June 30, 2013, NTG Clarity had positive working capital of $1,836,806 ($0.06 per share).

Income statement highlights for the three and six months ended June 30, 2013 and 2012

 -------------------------------------------------------------------
 |             |3 Months Ended             |6 Months Ended         |
 |-----------------------------------------------------------------|
 |             |June 30, 2013|June 30, 2012|June 30, 2013|June 30, |
 |             |             |             |             |2012     |
 |-----------------------------------------------------------------|
 |REVENUE      |2,149,380    |1,223,697    |3,636,252    |2,284,168|
 |-----------------------------------------------------------------|
 |COST OF SALES|793,825      |744,991      |1,581,150    |1,396,072|
 |-----------------------------------------------------------------|
 |GROSS PROFIT |1,355,555    |478,706      |2,055,102    |888,096  |
 |-----------------------------------------------------------------|
 |Expenses     |699,40       |391,031      |1,227,023    |757,385  |
 |-----------------------------------------------------------------|
 |Foreign      |(173,248)    |(56,277)     |(203,388)    |(17,630) |
 |exchange gain|             |             |             |         |
 |-----------------------------------------------------------------|
 |Net Income   |829,403      |207,771      |1,031,467    |148,341  |
 |for the      |             |             |             |         |
 |period       |             |             |             |         |
 |-----------------------------------------------------------------|
 |             |             |             |             |         |
 |-----------------------------------------------------------------|
 |Per Share    |$0.03        |$0.01        |$0.03        |$0.01    |
 -------------------------------------------------------------------

Balance Sheet highlights as at June 30, 2013 and December 31, 2012

 -------------------------------------------------------
 |                   |June 30, 2013   |Dec. 31, 2012   |
 |-----------------------------------------------------|
 |Current Assets     |$     |4,976,854|$     |3,346,388|
 |-----------------------------------------------------|
 |Current Liabilities|$     |3        |$     |2,335,628|
 |                   |      |,140,048 |      |         |
 |-----------------------------------------------------|
 |Long-Term Debt     |$     |0        |$     |82,986   |
 |-----------------------------------------------------|
 |Shareholder’s      |$     |4,906,620|$     |3,725,448|
 |Equity             |      |         |      |         |
 -------------------------------------------------------

During the first half of 2013, NTG Clarity announced several new projects for leading mobile operators in the Gulf region, which includes NTS installations/enhancements, professional service resources and data migration. The revenue from these projects is estimated at over USD $9.5 million, the bulk of which is expected to be completed during 2013.

At the end of June, 2013, NTG Clarity made application to the TSX Venture Exchange to raise capital to fund these new projects. Subsequent to quarter end, the Company received conditional approval from the Exchange for a private placement of up to $1,000,000 subordinated convertible debentures that will mature two years from closing and will bear an interest rate of 10%. The debentures are convertible, at the option of the holder, into common shares at a price of $0.25 per share at anytime during the duration of the debenture. These funds will be used as working capital to fund the Company's growth.

In an unrelated matter, the Company announced the renewal of the Investor Relations contract with QIS Capital and is awarding 100,000 share options at a price of $0.20 per share to vest within one year.

ABOUT NTG CLARITY NETWORKS INC

NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada. More than 150 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.


By dquinton

Posted: Wednesday Jul 10 2:47:39PM 2013

NTG Clarity Q2 numbers set to be released pre-market tomorrow morning.  Good luck everyone!


By Josh_Kier

Posted: Tuesday May 28 11:31:02AM 2013

NTG Clarity Networks Inc. Announces First Quarter 2013 Results

TORONTO, ONTARIO--(Marketwired - May 28, 2013) - NTG Clarity Networks Inc., (TSX VENTURE:NCI), a world leader in the telecommunications OSS/BSS market, today reported its first quarter 2013 revenues of $1,486,872 as compared to $1,060,471 in the same period last year (All amounts in Canadian dollars). This increase in revenue was mainly due to demand for our professional services and product licenses.

The Company reported a net income for the three months ended March 31, 2013 of $202,064, compared to a net loss of ($59,430), for the comparable period last year. This is mainly due to the increased sales of product licenses which are market oriented and highly profitable.

As at March 31, 2013, NTG Clarity had positive working capital of $1,041,971 and long-term debt of only $62,240.

 

Income statement highlights for the three months ended March 31, 2013 and 

2012                                                                       

---------------------------------------------------------------------------

                                                                          

                                             Mar. 31, 2012    Mar. 31, 2011

                                         ----------------------------------

                                                                          

Revenue                                         $1,486,872       $1,060,471

Cost of revenue                                    787,325          651,081

                                         ----------------------------------

                                                                          

Gross Profit                                       699,547          409,390

                                                                          

Expenses                                           527,623          430,173

Foreign exchange loss (gain)                      (30,140)           38,647

                                         ----------------------------------

                                                                          

Net Income for the period                         $202,064        $(59,430)

  per share                                          $0.01          ($0.00)

                                         ----------------------------------

                                         ----------------------------------

                                                                           

                                                                          

Balance Sheet highlights as at March 31, 2013 and December 31, 2012       

---------------------------------------------------------------------------

                                                                          

                                             Mar. 31, 2013   Dec. 31, 2012

                                         ----------------------------------

                                                                           

Current Assets                                  $3,274,027       $3,346,388

                                         ----------------------------------

                                         ----------------------------------

Current Liabilities                             $2,232,056       $2,335,628

                                         ----------------------------------

                                         ----------------------------------

Long-Term Debt                                     $62,240          $82,986

                                         ----------------------------------

                                         ----------------------------------

Shareholder's Equity                            $3,940,156       $3,725,448

                                         ----------------------------------

                                         ----------------------------------

 

In an unrelated matter, the Company announced the following members of the Board of Directors will have share options issued to replace expired options; M. Zafar Farooqui; 100,000 options, Kristine Lewis; 340,000 options and Ashraf Zaghloul; 300,000 options. Additionally, Mr. Sinclair Stevens will have 100,000 options issued, Each option will be exercisable at a price of $0.10 per share and will vest upon issuance.

ABOUT NTG CLARITY NETWORKS INC.

NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada. More than 150 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

FORWARD LOOKING INFORMATION

Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFO:

NTG Clarity Networks Inc.
Ashraf Zaghloul
Chief Executive Officer and Chairman
(905) 305-1325
Fax: (905) 752-0469
azaghloul@ntgclarity.com
www.ntgclarity.com

or

Investor Enquiries:
investorrelations@ntgclarity.com


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