Brought to you by Profitable Trader Authority Sept 23, 2016
My New Pick for Monday is: FTNW
Symbol: FTNW
Co Name: FTE Networks Inc.
Breakout Catalyst: (+)
Today's pick is a very unique situation that I will be covering until Wednesday. I have NOT done such a thing in a very long time.
Their are many reasons for this particular strategy.
The most important is that YOU have enough information about (FTNW) that you know for sure it is a WINNER, and you must own shares in (FTNW)...
Immediately Turn Your Attention to FTNW
FTNW is a leading international networking infrastructure service solutions company.
They design, build, and support telecommunications and technology systems and infrastructure services for Fortune 500 companies.
Operating four (4) industry segments: Data Center Infrastructure, Fiber Optics, Wireless Integration, and Surveillance & Security.
FTNW is headquartered in Naples, Florida, with offices throughout the United States and Europe.
Reasons Why My Readers Will Be Scooping Up FTNW
#1 Reason: FTNW is that the company is beyond the startup phase and is actually generating revenues. In other words, it’s a real company with a real business.
#2 Reason: Increases Revenue by 45% for Second Quarter 2016
#3 Reason: Revenue for the second quarter of 2016 increased sequentially by $1.1 mill, or 51%, from the first quarter of 2016.
#4 Reason: 2015 fiscal year ended September 30, FTNW reported $4 mill in revenues, up from $3.3 mill the year before.
#5 Reason: Gross profit for the year came in at $551k. On the balance sheet, the company had $208k in cash, $1.2m in net receivables, and $1.9m in other assets for total current assets of $3.4m.
#6 Reason: Gross profit for the year came in at $551k. On the balance sheet, the company had $208k in cash, $1.2m in net receivables, and $1.9m in other assets for total current assets of $3.4m.
#7 Reason: FTNW also lists $1.4m in property, plant and equipment, which gives the company a total asset base of $4.8m. The weakness lies on the liability side where the company has total liabilities of $16m.
#8 Reason: FTNW has major contracts with the Fortune 500 Companies.
#9 Reason: FTNW has been busy landing multi-million-dollar contracts like its $45 mill dollar contract with a leading Fortune 500 Telecommunications Carrier.
#10 Reason: FTNW also signed a $153 mill dollar, multi-year strategic alliance agreement with Plano, Texas-based Edge Communications.
Keep Reading Why FTNW Is A Must Own Situation
FTNW announced that it is successfully on track to attain approximately $13.5 mill in revenue from just two of their various key contracts during the second half of 2016. The contracts, previously announced in the first quarter, with Edge Communications and a leading Fortune 100 telecommunications carrier respectively, offers a combined value of approximately $153 mill over a three-year period.
FTNW will support Edge on a multi-state network expansion project valued up to $100 mill dollars over the next 36 months. Under the terms of the agreement, FTNW will be performing engineering, management and outside plant infrastructure services.
FTNW announced that it had been awarded a multi-year, multi-million-dollar contract with a leading Fortune 500 Telecommunications Carrier.
The contract is valued at over $45 mill dollars over the next three years with the potential for additional service offerings in existing and new markets.
Under the terms of this contract, FTNW will be providing its Fiber Optic Infrastructure Services by expanding the carriers’ current fiber to the home (FTTH) offering.
FTNW will open new offices in Texas and Oklahoma and expand its current office locations in Kansas and Missouri.
The relationship between FTNW and the carrier was established in the beginnings of FTE. CEO Michael Palleschi said of the two deals:
“We have already begun work on the Edge project, which is going very well,” added Palleschi. “Both of these projects add substantial new long term revenue streams and enable us to continue on our path to profitability in 2016.”
FTNW has also added three new board members. For us, the most interesting one is Luisa Ingargiola, the CFO of MagneGas Corp (NASDAQ:MNGA).
For those not familiar with MagneGas, the company started out as a shell on the OTCBB and has morphed into a NASDAQ company that regularly trades over $1m a day.
Luisa is the sister of CEO Ermanno Santilli and her family has been quite successful. Her involvement with FTNW is a big win for FTNW and its shareholders.
Look At These Jaw Dropping Company Highlights
• Revenue for the second quarter of 2016 increased sequentially by $1.1 mill, or 51%, from the first quarter of 2016;
• Telecommunications revenue increased 45% to $3.1 mill compared to the same period last year;
• Gross margin improved 16% to 39% year over year;
• Upgraded to the OTC Markets Group -- QX Exchange;
• Awarded a contract with a leading network integrator and equipment manufacturer to service their distributed antenna systems (DAS) program;
• Awarded a new multi-year services contract in five markets with a leading Fortune 100 company;
• Secured a multi-dwelling unit (MDU) project valued up to $1.0 mill with a Fortune 100 Company;
• Projects $13.5 mill in revenue from two key contracts alone for the second half of 2016;
• Backlog of $33 mill over the next 12 months as of June 30, 2016.
Michael Palleschi, Chairman and Chief Executive Officer of FTNW, commented, "We are pleased to report a 45% year-over-year increase in telecommunications revenue and a dramatic increase in gross margin to 38.9% for the three months ending June 30, 2016 versus 22.7% for the same period last year.
Sequentially, our improvement was even more noticeable, with revenue increasing 51% versus the first quarter of 2016. Our strong growth and continued margin improvement was due to our continued emphasis on execution strategy, expanding our global footprint, and increasing revenues through an improved sales process, all factors leading us down the path to profitability."
"Our solid performance was due in part to entering into several material contracts with new and existing customers during the first half of the year. This quarter we executed contracts with Edge Communications and a Fortune 100 telecommunications carrier, with a combined value of approximately $153 mill over a three-year period. We believe the ramp up of these projects, in addition to several others, will help ensure a significant increase in revenue for the second half of 2016."
As you can see from above FTNW has taken huge steps forward recently, placing the Company in an excellent position for growth.
They have been busy landing multi-million-dollar contracts all of which indicate the Company's Huge Growth potential!
Wall Street is about to Show Major Interest in FTNW!
I am urging you to begin your research right away and let’s be ready Monday morning as FTNW could be setting up for a major breakout!
Regards,
Senior Editor
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