Replies to post #6079 on FTE Networks Inc (fka FTNW)

[JJAAMMAANN]

FTE Networks Achieves Operating Profitability, Increases Telecom Revenue by 119% for the Third Quarter 2016

Company Reiterates $55 Million Guidance for 2017

NAPLES, FL--(Marketwired - November 22, 2016) - FTE Networks, Inc. (FTNW) ("FTE" or the "Company"), a leading network infrastructure solutions provider to the technology and communications service provider industries, provided a business update for the third quarter ending September 30, 2016.

Third Quarter 2016 Highlights:

Telecommunications revenue increased 119% to $3.8 million compared to the same period last year
Gross profit increased 159% to $1.4 million compared to the same period last year
Gross margin improved to 37% compared to 14% for the same period last year
Achieved positive income from operations for the third quarter of 2016
$55 Million revenue guidance for 2017
Awarded contract valued up to $12 million by a global telecommunications company over the next 12 months to support a fiber network
Signed a services agreement with a competitive local exchange carrier (CLEC) to expand fiber infrastructure services in the East and Midwest regions
Launched new network service platform powered by Compute-to-the-Edge
2016: A Successful Turnaround

"FTE has continued its upward trajectory by increasing telecom revenue by 119% to $3.8 million compared to the same period last year, and a total revenue increase of 17% quarter over quarter," stated Mr. Michael Palleschi, Chairman and Chief Executive Officer of FTE Networks. "Our growth was due to management's continued focus on expanding our high margin, recurring infrastructure services revenues reflecting the deliberate shift away from our legacy staffing business. We've improved gross margins quarter over quarter with a 23% increase during the same period last year. As a result, we have achieved positive income from operations, a major turning point for our company. We anticipate that we will finish the year strong and continue incremental growth quarter over quarter throughout 2017 and beyond. We also continue to add new contracts and expand into new markets, in order to support our revenue guidance of $55 million for 2017."

Mr. David Lethem, Chief Financial Officer of FTE Networks, added, "Our strategy to target high-margin, recurring lines of business combined with an aggressive cost-cutting campaign served as catalysts to achieving operating profitability. Going forward, we will continue to pursue accretive growth opportunities through mergers and acquisitions designed to solidify our position as a leader in the infrastructure solutions business segments, as well as accelerate the launch of our new Managed Services platform."

Looking Ahead to a New Phase of Growth: Meeting the New Data Curve

Mr. Palleschi, continued, "The past few years have been a time of dramatic technological change for our industry with the explosive growth of data usage powered by video and new technologies, such as augmented reality, that are causing significant strain on the capacity of today's networks. To drive the next generation of our business and capitalize on expertise of designing and building networks, in September we announced a first-in-kind managed network services platform powered by compute-to-the-edge. The new platform, designed to address constrained network capacity and high latency associated with current network infrastructure, provides customers with future modernization capabilities, multiple ways to create and monetize new services, and control of the network to directly influence customer satisfaction."

The first pillar of this new managed services platform will be tailored for the REIT and developer market, enabling a real-time connected experience for residents, employees and visitors. The platform is purpose-designed to provide a base infrastructure for "smart building" conversion, including the automation of building management systems, such as HVAC and utilities, while supporting new applications and IoT devices that require extremely low latency and reliable network availability. FTE plans to introduce a similar edge computing service for the commercial data market in 2017.

About FTE Networks, Inc.

FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, and Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. For more information, please visit: www.ftenet.com.

Forward Looking Statements

This release may contain forward-looking statements relating to the business of FTE. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on FTE's current expectations and beliefs concerning future developments and their potential effects on FTE. There is no assurance that future developments affecting FTE will be those anticipated by FTE. FTE undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

[JJAAMMAANN]

SeeThruEquity Issues Update on FTE Networks, Inc. (FTNW)

NEW YORK, NY / ACCESSWIRE / November 23, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on FTE Networks, Inc. (FTNW).

The report is available here: FTNW November Update Note.

Based in Naples, FL, FTE Networks, Inc. (OTCQX: FTNW, "FTE Networks") is a provider of network infrastructure services and solutions. The company has nearly a decade of experience providing end to end network infrastructure solutions for Tier 1 and Tier 2 communications service providers, government agencies, OEMs, and network infrastructure providers. FTE Networks is focused on helping customers build smarter networks, which are more capable of handling the increasing complexity and bandwidth needs of services provided over wireless and wired data networks. FTE is led by a seasoned leadership team with deep experience at industry technology leaders such as Zayo, Level3, and Qwest, among others.

Investment Highlights

On November 17, 2016, FTE Networks announced a significant new infrastructure deal in New York, with highlights as follows:

FTE Networks was awarded a $1.2mn contract with a leading broadband communications company for MDUs in NYC
The contract is the first project of what the company estimates to be a $10mn opportunity over the next 12 months
The opportunity is incremental to LTE's last publicly stated backlog of $55mn and a $166mn pipeline over the next three years.
New deal reflects continued sales execution

We were pleased to see FTE Networks announced a new award of a $1.2mn contract for a communications service provider in the competitive New York market. The deal is intended to be the first stage in a project intended to bring advanced network infrastructure services to multi-dwelling units (MDUs) in New York. Management has highlighted the sale of new network infrastructure services as a key strategic goal for the company, and therefore we view the announcement as supporting progress and execution in this area. Importantly, the initial $1.2mn contract is the first step in what management anticipates is a $10mn opportunity for FTE over the next 12 months.

Several catalysts on the horizon for FTE

We see several potential catalysts ahead for FTE Networks in coming months. The company's significant backlog of $55mn and $166mn three-year pipeline suggests robust growth over the next 1-3 years, versus to estimated revenues of $16.4mn in 2016E. Additionally, the company is in the midst of raising its position on the industry value chain with the introduction of innovative new Managed Network Services platform, which carry more attractive contract terms marked by recurring revenues and high incremental margins. On the corporate development front, management has stated that it is seeking to uplist shares to a national exchange, which, if successful, would elevate its prestige in the industry and potentially make accessible institutional investors who may be interested in the company but are restricted from investing in OTC markets.

Maintain $1.20 price target at this time

We are maintaining our price target of $1.20 at this time. We will review our estimates and forecast following the release of 3Q16 results and guidance

About FTE Networks, Inc.

FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, and Wireless Integration, Network Engineering, Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. www.ftenet.com.

About SeeThruEquity

Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.

SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry's most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.

For more information visit www.seethruequity.com.

Contact:

SeeThruEquity
[e-mail]

SOURCE: SeeThruEquity

[buccaneer1961]

um.....filings!!!!!!!!