- NTG Clarity Networks (TSXV:NCI), a profitable microcap tech stock, is hoping to extend its money-making ways with 14 new purchase orders for a combined $3.8 million
- The company has posted positive net income from 2021 to date
- NTG Clarity Networks provides networking, IT and network-enabled application software solutions
- NTG Clarity Networks stock (TSXV:NCI) has added 33.33 per cent year-over-year, while remaining flat over the past five years
NTG Clarity Networks (TSXV:NCI), a profitable microcap tech stock, is hoping to extend its money-making ways with 14 new purchase orders for a combined $3.8 million.
The orders include new work and renewals from existing customers in finance, telecom, IT and food and beverage, potentially enabling the company to continue its positive net income streak dating back to 2021.
New order breakdown
- $2.8 million in new work in the Middle East:
- $655,000 to provide on-site IT professional services for six months for an existing telecom customer
- $786,000 to provide on-site IT professional services for 15 months for an existing financial sector customer
- $410,000 across five purchase orders to provide offshore and on-site IT professional services for two months for an existing financial sector customer
- $825,000 across two purchase orders to provide a customized implementation of the company’s NTGapps product for an existing telecom customer
- $85,000 to provide an ERP solution on NTGapps for an existing food and beverage customer
- $1 million in renewals in the Middle East:
- $505,000 for NTGapps support for one year for an existing telecom customer
- $438,000 to provide on-site IT professional services for one year for an existing IT customer
- $52,000 to provide on-site IT professional services for three months for an existing telecom customer
“We are excited to enter 2024 with such strong, consistent growth in the Middle East market,” Kristine Lewis, president of NTG Clarity Networks, said in a statement. “These purchase orders showcase the quality and dependability of both NTG’s services and products, with our existing customers renewing their contracts as well as expanding our relationships by onboarding new products and services.”
NTG Clarity Networks, established in 1992, provides networking, IT and network-enabled application software solutions to service providers and large enterprises.
NTG Clarity Networks stock (TSXV:NCI) is up by 14.28 per cent, trading at C$0.04 per share as of 1:48 pm ET. The stock has added 33.33 per cent year-over-year, while remaining flat over the past five years.
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