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

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Comment by Flipper12on Sep 28, 2013 10:20am

281 Views

Post# 21775343

RE:RE:RE:RE:More patience

NCI has never had any material bad debts. Revenues were $32 million the last 5.5 years. Bad debts were 543k. Immaterial.
Receivables can be high because they billed most of their work near the end of the quarter.
A lot of their revenues are generated in different areas of the world that pay slow.
NCI insures their receivables to mitigate the risk.
Financing was done to help finance the slow receivables and it is not easy for small companies to raise money. They announced the financing and closed it very quickly. Not easy in this environment.
Small company with large contracts and improving revenue and earnings. Best days are ahead of us.

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