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NTG Clarity Networks Inc V.NCI

Alternate Symbol(s):  NYWKF

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

Bullboard Posts
Comment by UptownGirlon Jun 08, 2013 2:51pm
221 Views
Post# 21502653

RE: got spammed so I took a quick look

RE: got spammed so I took a quick look

You're right on a couple fronts.  Revs over the past have remained fairly level and profits steadily flowing (in 27 of 33 quarters).  Profits were essentially the result of reducing margins.  In 2012, for example, gross margins were 50.8% compared to 40% in 2011.

 

Profit from 2011 to 2012 increased dramatically...Net profit in 2012 was $776,688 (0.03/share) up 707% from $1,097 in 2011 (0.00/ share).  Revenue decreased $124,639 from $5,127,176 to $5,002,537.

 

As you said, 2013 will prove to be a significant year.  Q1 revenue has shown a 40% increase from $1,060,471 to $1,486,872 and a 440% increase in net income to $202,064 (0.01/share) from a loss of $59,430 (0.00).  Of course, following on the heels of these strong Q1 earnings have been the numerous contract announcements, so far totalling over $9,000,000...$4,000,000 more than all of last year.

 

May be it will prove to be a blip...a very large one (which will undoubtedly still attract the market's attention)...or it is the beginning of a long term trend in growth (that will undoubtedly attract the market's attention).  Either way, I believe the co. is undervalued, and patient shareholders will be rewarded.

Bullboard Posts