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[Bobwins]

NCI.v/NYWKF C$.20 Boom! Huge Q2 for NTG Clarity! Revs over 2 million, eps of .03, more than all of last year. Increase in revs mostly license fees so very high margin.

This should pop the share price today!

NTG Clarity Networks Announces Record Second Quarter Revenues and Earnings 
 (via Thenewswire.ca) 
  
 July 11, 2013. Toronto Ontario: NTG Clarity Networks Inc., (TSX VENTURE:NCI), a world leader in the telecommunications OSS/BSS market, is pleased to announce record second quarter 2013 financial results. The Company experienced a 76% increase in revenues during the second quarter of 2013 to $2,149,380 compared to $1,223,697 during the same period in 2012. (All amounts in Canadian dollars). 
  
 NTG has generated more than $2 million in sales this quarter. This increase in revenue was mainly due to demand for our professional services and product licenses. For the six months, the Company posted revenues of $3,636,252 compared to $2,284,168, an increase of 59%. Gross margin was 63% for the second quarter of 2013, and 57% for the six months. Gross margins in the prior year were 39% for both the 3 and 6 month period. 
  
 Net income for the second quarter of 2013 increased by 299% to $829,403 or $0.03 per share and exceeded the entire annual profit from 2012. For the first half of 2013, net income rose 595% to $1,031,467 as compared to $148,341 in the first half of 2012. The increase in profitability was due mainly to increased revenues in product licenses which are market oriented and highly profitable. 
  
 As at June 30, 2013, NTG Clarity had positive working capital of $1,836,806 ($0.06 per share). 
  
 Income statement highlights for the three and six months ended June 30, 2013 and 2012 
  
  
  ------------------------------------------------------------------- 
  |             |3 Months Ended             |6 Months Ended         | 
  |-----------------------------------------------------------------| 
  |             |June 30, 2013|June 30, 2012|June 30, 2013|June 30, | 
  |             |             |             |             |2012     | 
  |-----------------------------------------------------------------| 
  |REVENUE      |2,149,380    |1,223,697    |3,636,252    |2,284,168| 
  |-----------------------------------------------------------------| 
  |COST OF SALES|793,825      |744,991      |1,581,150    |1,396,072| 
  |-----------------------------------------------------------------| 
  |GROSS PROFIT |1,355,555    |478,706      |2,055,102    |888,096  | 
  |-----------------------------------------------------------------| 
  |Expenses     |699,40       |391,031      |1,227,023    |757,385  | 
  |-----------------------------------------------------------------| 
  |Foreign      |(173,248)    |(56,277)     |(203,388)    |(17,630) | 
  |exchange gain|             |             |             |         | 
  |-----------------------------------------------------------------| 
  |Net Income   |829,403      |207,771      |1,031,467    |148,341  | 
  |for the      |             |             |             |         | 
  |period       |             |             |             |         | 
  |-----------------------------------------------------------------| 
  |             |             |             |             |         | 
  |-----------------------------------------------------------------| 
  |Per Share    |$0.03        |$0.01        |$0.03        |$0.01    | 
  ------------------------------------------------------------------- 
 Balance Sheet highlights as at June 30, 2013 and December 31, 2012 
  
  
  ------------------------------------------------------- 
  |                   |June 30, 2013   |Dec. 31, 2012   | 
  |-----------------------------------------------------| 
  |Current Assets     |$     |4,976,854|$     |3,346,388| 
  |-----------------------------------------------------| 
  |Current Liabilities|$     |3        |$     |2,335,628| 
  |                   |      |,140,048 |      |         | 
  |-----------------------------------------------------| 
  |Long-Term Debt     |$     |0        |$     |82,986   | 
  |-----------------------------------------------------| 
  |Shareholder’s      |$     |4,906,620|$     |3,725,448| 
  |Equity             |      |         |      |         | 
  ------------------------------------------------------- 
 During the first half of 2013, NTG Clarity announced several new projects for leading mobile operators in the Gulf region, which includes NTS installations/enhancements, professional service resources and data migration. The revenue from these projects is estimated at over USD $9.5 million, the bulk of which is expected to be completed during 2013. 
  
 At the end of June, 2013, NTG Clarity made application to the TSX Venture Exchange to raise capital to fund these new projects. Subsequent to quarter end, the Company received conditional approval from the Exchange for a private placement of up to $1,000,000 subordinated convertible debentures that will mature two years from closing and will bear an interest rate of 10%. The debentures are convertible, at the option of the holder, into common shares at a price of $0.25 per share at anytime during the duration of the debenture. These funds will be used as working capital to fund the Company's growth. 
  
 In an unrelated matter, the Company announced the renewal of the Investor Relations contract with QIS Capital and is awarding 100,000 share options at a price of $0.20 per share to vest within one year. 
  
 ABOUT NTG CLARITY NETWORKS INC 
  
 NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada. More than 150 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.