News: NURAN BOOKS RECURRING REVENUE ORDERS OF OVER CAD $500K
Nuran receives over $500,000 in orders in March
2019-04-04 09:14 ET - News Release
Mr. Francis Letourneau reports
NURAN BOOKS RECURRING REVENUE ORDERS OF OVER CAD $500K
Nuran Wireless Inc. received new orders totalling more than $500,000 in the month of March, 2019, mostly recurring revenue business. These sales are related to Nuran's rural connectivity solutions as well as Nutaq Innovations, Nuran's wholly owned engineering services subsidiary. Over 80 per cent of these new orders in March, 2019, represent recurring business revenue from existing Nuran customers.
Francis Letourneau, vice-president of sales and marketing at Nuran Wireless, commented: "Since our October, 2018, pivot to being both a physical device and service-driven business, Nuran has seen considerable growth in recurring revenue from existing clients as well as subscription-based income from new clients. The relationship with our clients is extremely positive and it has resulted in higher repeat sales to existing customers. As it stands since our Q1 2019, we have a monthly average of $1-million of new purchase orders, which are all connected to our portfolio of wireless solutions. The uptick in business and the stickiness of our client base should begin to be reflected in our Q3 2019 and Q4 2019 financials and revenue ramp-up from there going into 2020."
About Nuran Wireless Inc.
Nuran Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Nuran Wireless's innovative radio access network (RAN), core network and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established, as well as emerging, mobile network operators.
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