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Bullboard - Stock Discussion Forum 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... see more

TSXV:LTE - Post Discussion

Lite Access Technologies Inc > Yes they need more workers but....
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Post by wallpaper2 on Nov 19, 2020 4:00pm

Yes they need more workers but....

If their production is down because they need to close every trench by 4pm or so and the odd key worker doesn't show up or gets sick... won't their revenue drop and profit margins be poor. Margins are already slim and any new contracts won't start until March approx. or appear in the financials until Q3 or later? Better terms with a new IS Provider will help but that won't show on the books until next summer either.
Comment by Accountant777 on Nov 20, 2020 1:02am
Some thoughts to share with you. LTE is expecting revenues of $10M for Q4 2020. This is a significant improvement from last quarter. An increase of 56% quarter over quarter. Compared to last year this is an increase of over 700%. The company is on the right trajectory and will only see improvement to its revenues and margins.  For Q1 2021, the guidance given was $15M. I think your right ...more  
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