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NTG Clarity Networks Inc V.NCI

Alternate Symbol(s):  NYWKF

NTG Clarity Networks Inc. provides digital transformation solutions. The Company delivers software, networking, and information technology solutions to enterprises, including financial institutions and network service providers. It provides design, engineering, implementation, software development and security expertise. Its Canadian segment, which is made up of activities in Canada and its offices in Saudi Arabia and Oman; and the Egypt segment, which is its primary delivery center for software development and professional services, offshoring services and network services to customers worldwide. It focuses on commercial off the shelf products, serving a multitude of industries, covering enterprise management solutions via its flagship StageEM Enterprise Management, NTS-Billing, NTS-Inventory Management and Control, NTS-Workflow Management, NTS-Partner Relationship Management. The Company also provides end-to-end services, including customized solutions development.


TSXV:NCI - Post by User

Comment by G1945Von Dec 05, 2024 10:23am
145 Views
Post# 36347079

RE:RE:Shareholders Should Be Cautious Despite Solid Earnings

RE:RE:Shareholders Should Be Cautious Despite Solid Earnings
TradeWhisperer wrote: So everyone is aware, the Simply Wall St articles are just computer generated garbage. Google it. This article is talking about the accrual ratio from cashflow....i've never once heard of that.

And this article is from a few weeks ago. Why would you post this the day NTG announces another major contract win. Their second largest ever at $22m.


Trade and other receivables (Note 11) in the financials are $16,069,097.

I am concerned that over $2 million are "contract assets" in the receivable. 


"A contract asset is a term defined under IFRS 15 (International Financial Reporting Standards) and represents an entity's right to consideration (payment) for goods or services that have been transferred to a customer, but the right to payment is conditional on something other than the passage of time."

G1945V


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