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.

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NTG Clarity Networks Inc > The next NCI.v is ZOMD.V huge financials out

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Comment by Maximus10on Sep 01, 2024 6:46pm

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Post# 36204868

RE:RE:The next NCI.v is ZOMD.V huge financials out

ALL NUMBERS IN US DOLLARS.. ZOMD succeeded in increasing revenues in Q2.24 by 58% compared to Q2.23. Following these strategic changes, the Company's revenues have grown exponentially each quarter compared to the previous quarter: a 6% increase in Q4.23, a 16% increase in Q1.24 and a 60% increase in Q2.24.

Gross profit margin was 38% for the three months ended June 30, 2024, versus 36% for the same period in 2023.
Research and Development expenses for the three months ended June 30, 2024, were $0.8M, a 20% decrease YoY. Selling, General and Administrative expenses for the three months ended June 30, 2024, were $2.2M, a 22% decrease YoY. The decrease in expenses is primarily attributed to strategic refocusing measures implemented by the Company's management team aimed at mitigating the impact on the Company's financial health and positioning the Company for sustainable growth.
Adjusted EBITDA in Q2.24 was $3 million, reflecting an approximately 700% increase compared to Q2.23. This improvement was driven by strategic refocusing measures and revenue growth.
Operating income was $2.4M in Q2.24, compared to an operating loss of $0.6M in Q2.23. Over the last quarters we had a consistent improvement in the Company's Operating income in each quarter compared to the previous quarter: In Q3.23 operating Loss was reduced by approximately 90% compared to the previous quarter. In Q4.23 we transitioned from an Operating Loss to an Operating Profit. In Q1.24 the Operating Profit continued to increase, and in Q2.24 the Operating Profit increased by approximately 300%, compared to the previous quarter.
Net income was $2.2M in Q2.24, compared to a net loss of $0.8M in Q2.23, reflecting the fifth consecutive quarter of net profit growth.
Cash flow generated from operating activity for Q2.2024 was $2.3M. As of June 30, 2024, the Company's cash and cash equivalents amounted to $4.4M, and no long-term debt.

https://finance.yahoo.com/news/zoomd-technologies-reports-second-quarter-123000990.html