Call us : (250) 377-1182
facebook twitter linked-in
opawica ntg fairmount lingo media lux

NTG Clarity Presentation - Nov 2013



Hello there guest! Want to join in on the conversation? Login or register for a forums account by visiting this link.


By dquinton

Posted: Monday Aug 18 8:05:52AM 2014

NTG Clarity Networks Inc (C:NCI)
Shares Issued 35,854,891
Last Close 8/15/2014 $0.255
Monday August 18 2014 - News Release

Ms. Kristine Lewis reports

NTG CLARITY NETWORKS ANNOUNCES RECORD SECOND QUARTER 2014 FINANCIAL RESULTS

NTG Clarity Networks Inc. had second quarter 2014 revenues of $3,895,196 as compared with $2,149,380 in the same period last year, an 81-per-cent increase. Year to date revenues are $6,828,945 compared to $3,636,252 in 2013, an 88% increase (All amounts in Canadian dollars). The Company reported net income for the three months ended June 30, 2014 of $910,222 before taxes or $631,722 after taxes, compared to a net income of $829,403 (no taxes) for the comparable period last year. For the six month period, pre-tax earnings were $1,184,224 or $0.03 per share this year compared to $1,031,467 or $0.03 per share last year. The Company booked income taxes of $350,000 for YTD 2014 resulting in net after tax income of $834,224.As at June 30, 2014, NTG Clarity had positive working capital of $5,434,931 ($0.15 per share) and no long-term debt.Income statement highlights for the three and six months ended June 30, 2014 and 2013

 

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

 |                       |3 Months Ended             |6 Months Ended             |

 |-------------------------------------------------------------------------------|

 |                       |June         |June         |June         |June         |

 |                       |30,          |30,          |30,          |30,          |

 |                       |2014         |2013         |2014         |2013         |

 |-------------------------------------------------------------------------------|

 |REVENUE                |$  |3,895,196|$  |2,149,380|$  |6,828,945|$  |3,636,252|

 |-------------------------------------------------------------------------------|

 |COST OF SALES          |   |2,054,493|   |793,825  |   |3,700,464|   |1,581,150|

 |-------------------------------------------------------------------------------|

 |GROSS PROFIT           |$  |1,840,703|$  |1,355,555|$  |3,128,481|$  |2,055,102|

 |-------------------------------------------------------------------------------|

 |Expenses               |   |898,383  |   |699,400  |   |2,173,055|   |1,227,023|

 |-------------------------------------------------------------------------------|

 |Foreign                |   |32,098   |   |(173,248)|   |(228,798)|   |(203,388)|

 |exchange loss          |   |         |   |         |   |         |   |         |

 |(gain)                 |   |         |   |         |   |         |   |         |

 |-------------------------------------------------------------------------------|

 |Net Income before taxes|   |910,222  |   |829,403  |   |1,184,224|   |1,031,467|

 |-------------------------------------------------------------------------------|

 |Net Income after taxes |$  |631,722  |$  |829,403  |$  |834,224  |$  |1,031,467|

 |-------------------------------------------------------------------------------|

 |                       |   |         |   |         |   |         |   |         |

 |-------------------------------------------------------------------------------|

 |Per Share              |$  |0.02     |$  |0.03     |$  |0.02     |$  |0.03     |

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



 

The first half of 2014 has been a record period for NTG Clarity with revenues remaining on pace with management's projections. Net income has been more challenging with the Company now being subject to full income taxes due to significant positive earnings over the past two years. Management is working diligently to improve margins and is seeking accretive acquisitions to reduce taxes payable.NTG Clarity also recorded additional expenses this year due to the opening of new offices in Qatar and Kuwait, which is expected to lead to increased sales going forward. Share based payments, general & administrative expenses, selling and marketing expenses, depreciation & amortization, and foreign income taxes showed increases over the prior period, while interest expenses declined due to the more favourable interest rates on the Company's new line of credit. Overall, total expenses as a percentage of revenues for the three month period dropped to 23% compared to 33% in the prior year, while 6 month expenses totaled 32% of sales in 2014 compared to 34% of sales in 2013. One of the reasons for our strong growth that continues in 2014 has been a renewed international focus on state-of-the-art technology and networking capabilities. Mobile applications have been the fastest growing technology trend with NTG's mobile application development being increasingly chosen as a leading product in these markets.


By Bobwins

Posted: Friday Jan 3 11:35:10AM 2014

bought some more NCI.v  today at .36.  Long time until Q4 financials are out.  Guess investors choose to ignore positive Q3 numbers and want their cash now.  


By stocklad

Posted: Saturday Dec 7 1:22:05PM 2013

A poster on Stockhouse today pointed out that one of the insiders just bought, in the market, 5,000 shares at $0.44.  As I recall, there was some selling prior to that.

 

My major objection to this company in the past was its slowness in converting receivables into cash.  To me, that meant any growth would be countered by dilutive share issuances and perhaps some (although limited) bad debts.  Since they've made progress on that front, I did pick up a few shares earlier this week, on price weakness.

 

Companies that live off project work don't make for the most secure of investments, but this one does seem to be going in the right direction.  Let's hope they can convert that DOU into a firm agreement.  If so, that might give them a nice base for the next five years.


By Josh_Kier

Posted: Tuesday Nov 19 4:49:33PM 2013

Latest investor presentation from NTG Clarity (NCI:TSX-V)

http://www.smallcaps.ca/images/NTG-Clarity-Networks-Nov13.pdf

 

 


Canadian Small Caps

 
Canadian Small Caps

CLICK HERE to view the presentations from the Spring 2016 Small-Cap Conferences.

We are pleased to publish the PowerPoint presentations from The Small-Cap Conferences that were held in Calgary on March 30, 2016 and in Vancouver on May 3, 2016.

We encourage investors to review the presentations and contact the companies with any further questions.

www.smallcapconference.ca/presentations.php
plus

What's New