QIS Update #6 2015 - April 16th 2015
Included in this update:
- NTG Clarity Networks anticipates record Q1 revenues of at least $4.3 million
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NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.325 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Networks Inc. has reported that its revenues for the first quarter of 2015 are expected to hit a Q1 record of at least $4.3 million. This compares with revenues of $2.9 million in Q1 last year and $1.5 million in Q1 2013. The first quarter has historically been NTG’s weakest quarter for operating results largely due to the timing of new contracts and their corresponding billing. First quarter revenues this year were buoyed by new projects with new customers and an increase in business with existing customers. Complete financial results will be released in late May 2015.
“We are very pleased with our start to 2015,” stated Ashraf Zaghloul, NTG Clarity's chairman and chief executive officer. “We expect to continue to generate record revenues during 2015 as we expand the business through our traditional sales channels as well as through our new offices opened in 2014.”
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