Wednesday, April 15, 2015 11:58:35 AM
Toronto, ON / TheNewswire / April 15, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI) is pleased to report that revenues for the first quarter of 2015 are expected to hit a Q1 record of at least $4.3 million. This compares with revenues of $2.9 million in Q1 last year and $1.5 million in Q1 2013. The first quarter has historically been NTG's weakest quarter for operating results largely due to the timing of new contracts and their corresponding billing. First quarter revenues this year were buoyed by new projects with new customers and an increase in business with existing customers. Complete financial results will be released in late May 2015.
"We are very pleased with our start to 2015," stated Ashraf Zaghloul, NTG Clarity's chairman and chief executive officer. "We expect to continue to generate record revenues during 2015 as we expand the business through our traditional sales channels as well as through our new offices opened in 2014."
About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 300 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
Recent NCI News
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 01:29:58 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/07/2024 08:00:24 PM
- 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
FEATURED POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • May 14, 2024 10:09 AM
FEATURED Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • May 14, 2024 7:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM