RE:More patience Like someone said before, we've been all over these issues several times in the past so it can get a little frustrating reading some of the repetitive posts on the board. I'm glad you mentioned "the facts".
As most of us know, those facts include:
** 28 of past 34 quarters have been profitable (with audited annual financials, of course)
** Q2 net earnings up 299% to $823,403 (0.03/share)
** 6 mth net income rose 595% to 1,031,463
** 76% increase in revenue for Q2 year over year ($ 2,149,380 compared to $1,223,697)
** gross margins of 63% for Q2; 57% for 6 mth. period (compared to 39% previous year)
** over $9.5 million in contracts announced in first 6 mths of 2013 compared to $5 milllion for all of 2012
** increasing foothold in Gulf region
** impressive list of clients including many prominent leaders in industry, finance and government divisions around the world including Alcatel, allstream, Bell, Cogeco, Ericsson, Lucent, Motorola, Nokia Siemens, Rogers, Telus, Videotron, Vodafone, British Petroleum, Syncrude, Talisman, BMO, CIBC, RBC and several government agencies around the world
** considerable insider ownership with approximately 30% of stock held by insiders
With $9.5 million in contracts announced in the first half of the year (compared to $5 million in all of 2012), NTG should earn a minimum 0.08 / share as a conservative projection. Tech stocks are typically granted p/e multiples of 20 x earnings or much higher. Redknee Solutions for example is currently trading at over 27X projected earnings.
Using a modest p/e multiple of 10x projected earnings equates to a fair valuation of 0.80/share for NTG; 15X projected earnings equates to a valuation of $1.20. It closed last week at 0.37, making it a compelling undervalued stock with great potential for growth.
Those are the facts.