Wednesday, June 24, 2015 2:37:53 AM
NTG Clarity has successfully met every target management has made over the past several years. This significant contract is another step toward the $20 million in revenues forecast by the company for 2015. The increase to the credit facility adds further credibility to NTG Clarity and its recent growth, as RBC would have performed several criteria valuations to justify the over 150% increase to the credit facility. Congratulation to management for the continued growth in the company. NTG Clarity is trading at just 5 times earnings assuming $0.08 annualized eps. The company also has no long-term debt and has positive working capital of $0.19 per share. Adjusted for working capital, NTG Clarity would be trading at only 2.6X earnings.
GLTA & JMO
Recent NCI News
- Neo-Concept International Group Holdings Limited Announced Closing of Initial Public Offering • GlobeNewswire Inc. • 04/25/2024 04:18:52 PM
- Neo-Concept International Group Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq • GlobeNewswire Inc. • 04/23/2024 10:05:00 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM