FTE Networks Inc (fka FTNW)

[jedijazz]

Mr. Palleschi continued, “Management continues to focus on operational efficiencies and has implemented significant cost reductions throughout third quarter 2017. These savings combined with the ability to leverage synergies and streamline the business are expected to yield total cost savings of approximately $3MM annually. Further, the Company continues to invest in CrossLayer™ with a total investment of approximately $4MM to date. Management believes CrossLayer™ provides a technology platform that sets FTE apart from its competitors and provides its customers with a one-stop solution that offers technology, general contracting and network infrastructure solutions.”

Mr. Palleschi concluded, “I am extremely excited with the tremendous progress of FTE’s continued forward growth trajectory as illustrated in our record revenues and profitability. The Company believes it is well-positioned to move forward with its growth strategy for 2018.”

https://www.ftenet.com/news-media/press-releases/detail/98/fte-networks-reports-record-quarterly-revenue-of-79-1mm-as