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EasTower Wireless Inc V.ESTW.H

EasTower Wireless Inc. is a Canada-based company. The Company has no business operations. The Company is in the process of identifying and evaluating businesses or assets with a view to completing a change of business or reverse takeover.


TSXV:ESTW.H - Post by User

Post by SkywalkerofLukeon Jun 01, 2022 4:12pm
83 Views
Post# 34724457

$ESTW Q1 Financials

$ESTW Q1 Financials

$ESTW $ESTW.v , a US-based provider of wireless communications infrastructure specializing in the construction, installation, and maintenance of 5G and 4G wireless systems, announced their 2022 Q1 financials earlier this week. 


Quick highlights


- Rev. increased by 11% to $425K compared to $383K in Q1 2021

- Gross Profit was $219K compared to $208K in Q1 2021

- Cash and cash equivalents = $1.10 million, compared to $0.10 million as of December 31, 2021


Rev. increase is really no surprise if you’ve been following $ESTW and seeing the contracts they’ve been getting (most recent one is from one of the largest national tower owners in the US). With the deployment of 5G showing no signs of slowing down, IMO $ESTW is not one to miss. Current price = 0.085c, current MC is $5.12M.


https://www.newswire.ca/news-releases/eastower-wireless-reports-q1-2022-financial-results-824280123.html

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