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Lite Access Technologies Inc V.LTE

Lite Access Technologies Inc. provides fiber optic products and advanced installation methodologies. The Company offers integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, it offers a full complement of aerial and underground construction methodologies, including splicing, testing and maintenance. The Company's segments include product sales and fiber optic installations, based on the type of products sold and services provided. Its products include Direct Bury, Aerial Micro-Duct and Fiber Optic Mini-Cables. Its additional products also include fiber-optic cable, aerial micro-duct, low fire hazard micro-ducts, connectors and sundries. Its items include a cutting head, Shark Blades and the LiteXtend solution. Its end-users include homes, businesses, government and educational institutions, and emergency response facilities. It also offers breeze cable blowing machine and cutting equipment.


TSXV:LTE - Post by User

Comment by Accountant777on Nov 02, 2020 9:23pm
199 Views
Post# 31827487

RE:RE:RE:Anyone buying at these prices? Just bought at $0.61

RE:RE:RE:Anyone buying at these prices? Just bought at $0.61

Just some thoughts to consider wallpaper. The last financial results showed great revenues of ~$6.5 million despite COVID. Carlos was predicting $11 million in revenue for the next financial results. So even if things get real bad, I'd expect revenues to be between $7 and $11 million. Profit margins definitely could take a hit but I'm hoping that with the reduction in hiring costs that it could help offset. I'm more concerned about delays and being behind schedule. But LTE has enough staff to product $80 million of revenue annually so I'm hoping they can make use of the extra manpower to keep on schedule, despite what's going on. 

We've got to wait till January for the financial results but I think we are going to see some great progress!
 

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