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NTG Clarity Networks Inc (TSE:NCI)
:NCI
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 21, 2019
|% Change Since: 30.77%
|Next Earnings Date:May 21, 2019
Earnings Call Sentiment|Positive
The call highlights significant financial growth and strategic achievements, including record revenue and net income, while acknowledging increased operating expenses and receivables due to expansion efforts. The overall sentiment is optimistic, driven by strong market positioning and future growth prospects in Saudi Arabia.Company Guidance
During the third quarter 2024 earnings call for NTG Clarity Networks Inc., several key financial metrics and guidance updates were highlighted. The company reported its eighth consecutive quarter of record-setting revenue, with a 109% increase to $14.7 million compared to the previous year, and a year-to-date revenue increase of 100% to $38.9 million. Net income also reached new heights, rising 303% to $2.1 million for the quarter and 272% year-to-date to $6.9 million. Additionally, NTG Clarity introduced adjusted EBITDA as a new metric, which grew by 140% to $3.2 million, resulting in a 22% adjusted EBITDA margin. A major highlight was a $53 million, three-year contract, contributing to a backlog of $83.5 million in work on hand. The company reaffirmed its full-year guidance of $55 million in revenue and a 14% net income margin for 2024, reflecting a recent increase from previous estimates. Despite the impressive growth, NTG Clarity emphasized continued investments in staffing and infrastructure to sustain its trajectory, particularly in the fast-growing Saudi Arabian market where 97% of its revenue is concentrated.Record Revenue Growth
Q3 2024 marked the eighth consecutive quarter of record-setting revenue, with top-line revenue up 109% year-over-year to $14.7 million. Year-to-date revenue increased 100% to $38.9 million.
Significant Net Income Increase
Net income for Q3 rose 303% to $2.1 million, and year-to-date net income increased 272% to $6.9 million.
Largest Contract Win
Secured a $53 million 3-year contract, contributing to a total backlog of $83.5 million as of September 30, 2024.
Improved Financial Metrics
Adjusted EBITDA for Q3 increased 140% to $3.2 million, with an adjusted EBITDA margin of 22%, up from 19% the previous year.
Strong Cash Position
Ended Q3 with $5.4 million in cash, the highest in the company's history, due to positive operational cash flow and a successful LIFE Offering.
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TSE:NCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:NCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$1.17 | C$1.25 | +6.84% |
| Jul 29, 2024 | C$0.95 | C$1.12 | +17.89% |
| May 27, 2024 | C$0.57 | C$0.60 | +5.26% |
| Apr 30, 2024 | C$0.57 | C$0.43 | -24.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NTG Clarity Networks Inc (TSE:NCI) report earnings?
NTG Clarity Networks Inc (TSE:NCI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is NTG Clarity Networks Inc (TSE:NCI) earnings time?
NTG Clarity Networks Inc (TSE:NCI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:NCI EPS forecast?
Currently, no data Available
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