RE:NTG Clarity Record Q3 and Share Buyback!Another amazing record quarter by NTG.
0.02 in EPS on record revenues of $4.5mm. They have now have earned 0.04 EPS over 3 quarters AFTER taxes, that is some solid growth over last year and it looks like they will exceed their revenue estimate of $14mm in 2014!
The office in Kuwait is now up and running and the Miworld app will be operational by December. I expect Q4 revenues and earnings to be as strong as they are this quarter while beating last year.
No Debt and working capital of 0.17/share... the current valuation is so ridiculous management has commenced a share buyback. Don't think I've ever seen that on a microcap tech stock on the Venture before.
NTG is trading at less than 5x earnings and only 2.5x EV/EBITDA. Fair value is $0.60-0.80/share on current earnings!