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NTG Clarity Networks Inc V.NCI

Alternate Symbol(s):  NYWKF

Technology Software - Application
NTG Clarity Networks Inc. is engaged in providing networking solutions. The Company provides telecommunications engineering, information technology, networking, and related software solutions. It operates through two segments: Canadian segment and Egypt segment. The Canadian segment is made up of activities in Canada and its offices in Saudi Arabia and Oman. The Egypt segment is its software development group and also provides professional services, offshoring services and network services to customers in Egypt. It focuses on commercial off the shelf products, serving multitude of industries, covering enterprise management solution via its flagship StageEM Enterprise Management, NTS-Billing, NTS-Inventory Management and Control, NTS-Workflow Management, NTS-Partner Relationship Management. It also provides end-to-end services including customized solutions development, such as software, Web, applications, systems integration, testing as a service (TaaS), outsourcing, and consulting.


TSXV:NCI - Post by User

NTG Clarity Networks Inc > Waiting for this gem to sell for 1dollar/share
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Comment by Maximus10on Aug 24, 2023 12:22am
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Post# 35603146

RE:Waiting for this gem to sell for 1dollar/share

RE:Waiting for this gem to sell for 1dollar/share

REVENUE INCREASED 87%

NTG Clarity Announces the Highest Second Quarter Revenue of $6.36M.

NTG’s continued hard work and dedication resulted in Q2 2023 being the highest single quarter revenue at $6.37M. Revenues for Q2 2023 were up 87% compared to Q2 in 2022. and we continued to be profitable for the quarter, despite significant currency devaluation challenges in Egypt.

 

Our gross margin for this quarter was 38% and the income from operations was $2,426,102. We expect these strong quarterly results to continue in 2023 due to the new contracts previously announced and the renewal of existing contracts.

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