NTG Clarity Networks Announces First Quarter 2014 Financial Results
28 Mai 2014 - 1:59PM
Access Wire
Toronto, ON /
ACCESSWIRE / May 28, 2014 / NTG Clarity Networks Inc.
(TSX.V:NCI), a world leader in the telecommunications OSS/BSS
market, today reported its first quarter 2014 revenues of
$2,933,749 as compared to $1,486,872 in the same period last year
(All amounts in Canadian dollars).
The Company reported a net income for the three months
ended March 31, 2014 of $274,002 before taxes or $202,502 after
taxes, compared to a net income of $202,064, for the comparable
period last year.
As at March 31, 2014, NTG Clarity had positive working capital
of $4,687,297 and no long-term debt.
Income statement highlights for the three
months ended March 31, 2014 and 2013
-----------------------------------------------------------
| |Mar 31, 2014 |March 31, 2013 |
|---------------------------------------------------------|
|Revenue |$2,933,749 |$1,486,872 |
|---------------------------------------------------------|
|Cost of Sales | | 787,325 |
| | 1,645,970 | |
|---------------------------------------------------------|
|Gross profit | | 699,547 |
| |1,287,779 | |
|---------------------------------------------------------|
|Operating Expenses | | 358,610 |
| | 739,262 | |
|---------------------------------------------------------|
|Other Expenses | | 138,873 |
| | 274,515 | |
|---------------------------------------------------------|
|Net income before taxes |$274,002 |$202,064 |
|---------------------------------------------------------|
|Net income after taxes | | 202,064 |
| | 202,502 | |
|---------------------------------------------------------|
| Per share (basic) |$0.01 |$0.01 |
|---------------------------------------------------------|
| (fully diluted) |$0.01 |$0.01 |
|---------------------------------------------------------|
|Balance Sheet Highlights| | |
|---------------------------------------------------------|
| |March 31, 2014|December 31, 2013|
|---------------------------------------------------------|
|Current Assets |$ 7,113,630 |$7,323,086 |
|---------------------------------------------------------|
|Current Liabilities |$ 2,426,333 |$2,962,225 |
|---------------------------------------------------------|
|(Current) Long-Term Debt|$nil |$82,986 |
|---------------------------------------------------------|
|Shareholder’s Equity |$ 7,573,145 |$7,263,837 |
-----------------------------------------------------------
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 250 network professionals provide
design, engineering, implementation, software development and
security expertise to the industry's leading network service
providers and enterprises.
Forward Looking
Information
Certain statements in this release, other than statements of
historical fact, are forward looking information that involves
various risks and uncertainties. Such statements relating to, among
other things, the prospects for the company to enhance operating
results, are necessarily subject to risks and uncertainties, some
of which are significant in scope and nature.
These uncertainties may cause actual results to differ from
information contained herein. There can be no assurance that such
statements will prove to be accurate. Actual results and future
events could differ materially from those anticipated in such
statements. These and all subsequent written and oral forward
looking statements are based on the estimates and opinions of the
management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to
update forward looking statements should circumstances or
management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For Further
Information:
Doren Quinton,
President QIS Capital
Ph:
250-377-1182
Fax:
250-377-1183
Email:
info@smallcaps.ca
SOURCE: NTG Clarity Networks Inc.
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