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NTG Clarity Networks Inc. (NCI:TSX-V) is a global leader in delivering network, IT (information technology) and infrastructure solutions to telecommunications service providers. The company has been developing niche software products directed at the business-to-business Internet market since its inception in 1992. A significant portion of NTG Clarity's future growth is expected to originate from the international marketplace due in part to the deregulation of the telecommunication sector and the licensing of new mobile operators.
For the third quarter ended September 30, 2009, NTG posted a 71% year-over-year increase in revenues to $1.7 million and gross margins of 51%. Excluding foreign exchange losses, earnings for the third quarter would have been $316,594 or $0.013 per share. Given recently announced agreements and an improved revenue stream, it appears that Q3 results should be repeatable which could translate into annualized earnings (pre-tax) of over $1.0 million or $0.04 per share. The company has positive working capital of $1.9 million or $0.07 per share with long-term debt of just $511,000.
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