NTG Clarity Networks Inc (NCI)

NTG Clarity Reports Q1 2026 Revenue of $21.3 Million, Up 8.1% Year-Over-YearMay 27, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 27, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today reported its results for the first quarter ended March 31, 2026 (all figures in Canadian Dollars).Q1 2026 Highlights
All comparisons below are to the quarter ended March 31, 2025, unless otherwise notedRevenue grew 8.1% year over year to $21.3 million, reflecting continued growth across the existing client base. Ramadan and Eid al-Fitr fell entirely within Q1 2026, reducing billable hours and deferring project activity during the final five weeks of the quarter.Gross Profit rose 4.4% year-over-year to $7.0 million, representing 33.0% of revenue, compared to $6.7 million and 34.2% in the prior year. The margin compression reflects reduced staff utilization during Ramadan, consistent with the Company's historical pattern in Ramadan-affected quarters.Net Income was $1.0 million, or 4.6% of revenue, compared to $2.1 million or 10.6% in the prior year. The prior year included a $595,000 foreign exchange gain. The current quarter includes a $668,000 non-recurring deferred tax recovery related to the conversion of the Company's Saudi branch to an LLC structure. Excluding these items in both periods, the year-over-year comparison is more closely aligned with the movement in operating results.Adjusted EBITDA was $0.8 million, or 3.6% of revenue, compared to $2.9 million, or 14.6%, in the prior year. Through 2025 the Company built a delivery and support base sized for materially higher revenue. In the first quarter that base operated at low utilization through the seasonally softest period of the year, which compressed margin. The cost base is largely fixed and already in place, and combined cost of sales, general and administrative and sales and marketing expenses were approximately flat sequentially. As revenue normalizes against that base through the balance of the year, the Company expects the operating leverage to convert into stronger margins.Operating Cash Flow was positive $43,000 for the quarter, reflecting lower working capital investment. "Q1 2026 marked our twentieth consecutive quarter of trailing twelve-month revenue growth, against a backdrop of regional uncertainty and a Ramadan period that fell entirely within the quarter. Revenue of $21.3 million grew 8.1 percent year-over-year, and operating cash flow remained positive - holding the improvement delivered in Q4 2025 through a seasonally softer quarter," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity."We spent 2025 building a cost base for materially higher revenue, and Q1 ran that base through our seasonally softest quarter at low utilization. That is what compressed margin, not a change in the cost structure. The base is in place, our contracted backlog stands at $73 million, and as revenue normalizes through the year we expect that operating leverage to convert into stronger earnings."Financial Outlook for 2026Our 2026 guidance reflects a revenue floor and adjusted EBITDA margin supported by existing backlog expected to convert within 12 months, together with anticipated renewals based on historical trends.Revenue: Expected to be above $90 millionAdjusted EBITDA Margin: 13 - 16%Conference Call Details On Thursday, May 28, 2026, at 9:00 AM ET, management will host a conference call webcast to discuss the Company's financial and operating results.What: NTG Clarity Q1 2026 Earnings Call
When: Thursday, May 28, 2026, at 9:00 AM ET
Where: Live webcast can be accessed from the Events page of NTG's website:
https://ntgclarity.com/events/q1-2026-earnings-conference-call-ntg-clarity/ Management will be hosting a Q&A at the end of the call; however, to streamline the earnings conference call, we ask any questions to be emailed along with the asker's name and company, if applicable, by the end of the day Wednesday, May 27, 2026, to:Adam Zaghloul, Vice President, Strategy & Planning
Email: adam@ntgclarity.comIncome Statement Highlights for the Quarter Ended March 31, 2026 and 2025
March 31, 2026
March 31, 2025
REVENUE$21,285,731
$19,699,129
COST OF SALES
14,256,212

12,966,584
GROSS PROFIT$7,029,519
$6,732,545
SG&A
6,404,629

3,987,221
(Gain) loss on foreign exchange
(25,794)
(594,623)Other Expenses
516,565

161,835
Exchange (gain) loss on translation
(348,034)
(88,718)(Recovery) Provision for income taxes
(496,536)
1,172,168
Comprehensive Income$978,689
$2,094,661


 

 
per share (basic)$0.02
$0.05
per share (fully diluted)$0.02
$0.04
 Balance Sheet Highlights
March 31, 2026
December 31, 2025
Total Assets$46,398,475
$45,593,092
Total Liabilities$17,923,189
$18,180,961
Shareholder's Equity$28,475,287
$27,412,131
 Non-GAAP Financial MeasuresNTG references Adjusted EBITDA, which is a non-IFRS (non-GAAP) measure and Adjusted EBITDA margin, which is a non-GAAP ratio. Adjusted EBITDA means adjusted earnings before interest, taxes, depreciation and amortization. EBITDA is equal to net income (loss) before income taxes plus finance costs plus depreciation. Adjusted EBITDA is equal to EBITDA before other discretionary expenses and expenses outside of the control of NTG. In NTG's case these are other income, share-based payments, and expenses related to foreign exchange. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of total revenue.Adjusted EBITDA and Adjusted EBITDA margin are not recognized measures under IFRS. Management believes that in addition to net income (loss), Adjusted EBITDA and Adjusted EBITDA margin are useful supplemental measures as they provide an indication of the results generated by the Company's primary business activities prior to consideration of how those activities are financed, amortized, or how the results are taxed and consolidated in various jurisdictions and currencies as well as the cash generated by the Company's primary business activities without consideration of the timing of the monetization of non-cash working capital items.Readers should be cautioned, however, that Adjusted EBITDA and Adjusted EBITDA margin should not be construed as an alternative to net income determined in accordance with IFRS as an indicator of the Company's performance. The Company's method of calculating Adjusted EBITDA and Adjusted EBITDA margin may differ from other organizations and, accordingly, Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to measures used by other organizations.The non-IFRS measures referenced in this release reconcile to the IFRS measures reported in the Consolidated Financial Statements as follows, unless reconciled elsewhere:

For the three months ended
Adjusted EBITDA
March 31, 2026

March 31, 2025
Net Income (Margin)$978,689
(5%)
$2,094,661
(11%)
Add back:
 

 
(Gain) loss on foreign exchange
(25,794)
(594,623) Depreciation
205,343

182,231
Amortization
132,183

132,183
Interest, net
52,962

60,095
Taxes
(496,536)
1,172,168
Foreign Taxes
13,102

13,709
Other income
(72,239)
(94,200)Share-based payment
40,117

0
Loss on joint venture
277,280

0
Loss on disposal of assets
0

0
Exchange (gain) arising on translation of foreign operations
(348,034)
(88,718)Adjusted EBITDA (Margin)$757,073
(4%)
$2,877,506
(15%)
 About NTG Clarity Networks Inc.NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,400 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comForward Looking InformationCertain statements in this release, other than statements of historical fact, are forward looking information that involve various risks and uncertainties. Forward looking information includes, but is not limited to, statements with respect to: financial guidance including anticipated revenue and adjusted EBITDA margin; anticipated activity levels and operating results; projections based on current backlog; corporate strategies; customer demand and competitive conditions in the markets in which the Company operates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: future demand for the Company's products and services; the results of research and development activities; access to capital; intellectual property protection; general business, economic, competitive, political and social uncertainties; delays in obtaining governmental approvals; failure to obtain regulatory approvals; reliance on key personnel; stock market volatility; fluctuations in interest rates and exchange rates; and the impact of new laws and regulatory requirements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about estimated annual revenue and adjusted EBITDA margin, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraph. The actual financial results of the Company may vary from the amounts set out herein and such variation may be material. NTG and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of providing further information about the Company's anticipated future business operations on an annual basis. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299081 Original: NTG Clarity Reports Q1 2026 Revenue of $21.3 Million, Up 8.1% Year-Over-Year

NTG Clarity to Announce First Quarter Financial Results on May 27, 2026 with Earnings Call to FollowMay 22, 2026 5:28 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 22, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today announced that it expects to report its financial results for the three months ended March 31, 2026, after the closing of the market on Wednesday, May 27, 2026.On Thursday, May 28, 2026, at 9:00 AM ET, management will host a conference call webcast to discuss the Company's financial and operating results.What: NTG Clarity Q1 2026 Earnings Call
When: Thursday, May 28, 2026, at 9:00 AM ET
Where: Live webcast can be accessed from the Events page of NTG's website:
https://ntgclarity.com/events/q1-2026-earnings-conference-call-ntg-clarity/Management will be hosting a Q&A at the end of the call; however, to streamline the earnings conference call, we ask any questions to be emailed along with the asker's name and company, if applicable, by the end of the day Wednesday, May 27, 2026, to:Adam Zaghloul, Vice President, Strategy & Planning
Email: adam@ntgclarity.comAbout NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,400 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.Forward Looking InformationCertain 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.For Further Information:Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298671 Original: NTG Clarity to Announce First Quarter Financial Results on May 27, 2026 with Earnings Call to Follow

NTG Clarity Reports $83M Revenue, 48.5% Year-Over-Year for Full Year 2025April 27, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 27, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today reports its fourth quarter and full year results for the year ended December 31, 2025 (all figures in Canadian Dollars). Full Year HighlightsAll comparisons below are to the year ended December 31, 2024, unless otherwise notedRevenue grew 48.5% year over year to $83.4 million, exceeding guidance of $78 million. Growth was driven by expansion from existing customers, with Net Dollar Retention1 of 134.7% and Gross Dollar Retention2 of 99.3%, along with $7.7 million of new customer revenue, primarily sourced through referrals.Gross Profit rose 45.3% year-over-year to $30.3 million, representing 36.3% of revenue, compared to $20.8 million and 37.1% in the prior year.Net Income was $5.3 million, or 6.4% of revenue, compared to $9.9 million or 17.6% in the prior year. The decline primarily reflects $3.3 million of income taxes following the utilization of Canadian tax loss carryforwards, as well as a net $1.5 million unfavorable foreign exchange impact from the weakening U.S. dollar compared to 2024.Adjusted EBITDA was $11.9 million, or 14.3% of revenue, compared to $12.3 million, or 21.9%, in the prior year, and within the revised guidance range of 12 to 16%. Margin performance reflects the pace of G&A hiring ahead of anticipated contract deployments, as well as investment in new geographic markets, including Baghdad, Dubai, and Madinah, which operate at lower margins during ramp up.Operating Cash Flow was negative $2.8 million for the full year, reflecting working capital investment as accounts receivable and contract assets grew alongside revenue through the first three quarters of 2025. Collections improved materially in Q4, and the Company recorded no bad debt expense for the year."Q4 2025 marked our nineteenth consecutive quarter of trailing twelve month revenue growth, reflecting the strength of our customer relationships and continued investment in digital transformation in Saudi Arabia under Vision 2030. Our priority in 2026 is to convert that demand into more consistent margin and cash flow, building on the progress we delivered in Q4," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity."Q4 was the strongest revenue quarter in our history and demonstrated the cash flow potential of our business, with $2.8 million generated from operations. Looking ahead to 2026, our guidance is anchored in the existing backlog and expected renewals, with additional upside as new framework agreements convert into purchase orders over the course of the year."Financial Outlook for 2026Our 2026 guidance reflects a revenue floor and adjusted EBITDA margin supported by existing backlog expected to convert within 12 months, together with anticipated renewals based on historical trends.Revenue: Expected to be above $90 millionAdjusted EBITDA Margin: 13 - 16%Conference Call Details On Tuesday, April 28, 2026, at 9:00 AM ET, management will host a conference call webcast to discuss the Company's financial and operating results.What: NTG Clarity Full Year and Q4 2025 Earnings Call
When: Tuesday, April 28, 2026, at 9:00 AM ET
Where: Live webcast can be accessed from the Events page of NTG's website:
https://ntgclarity.com/events/q4-and-year-end-2025-earnings-conference-call-ntg-clarity/ Management will be hosting a Q&A at the end of the call; however, to streamline the earnings conference call, we ask any questions to be emailed along with the asker's name and company, if applicable, by the end of the day Monday, April 27, 2026, to:Adam Zaghloul, Vice President, Strategy & Planning
Email: adam@ntgclarity.comIncome Statement Highlights for the Year Ended December 31, 2025 and 2024
December 31, 2025
December 31, 2024
REVENUE$83,350,725
$56,126,751
COST OF SALES
53,057,852

35,279,794
GROSS PROFIT$30,292,873
$20,846,957
SG&A
18,894,686

9,068,412
(Gain) loss on foreign exchange
695,949

(563,595)Other Expenses
1,925,503

1,719,374
Exchange (gain) loss on translation
(179,822)
43,422
Provision for income taxes
3,252,968

810,636
Comprehensive Income$5,343,945
$9,812,130


 

 
per share (basic)$0.11
$0.23
per share (fully diluted)$0.10
$0.20
 Balance Sheet Highlights
December 31, 2025
December 31, 2024
Total Assets$45,593,092
$28,292,859
Total Liabilities$18,180,961
$15,691,675
Shareholder's Equity$27,412,131
$12,601,184
 Non-GAAP Financial MeasuresNTG references Adjusted EBITDA, which is a non-IFRS (non-GAAP) measure and Adjusted EBITDA margin, which is a non-GAAP ratio. Adjusted EBITDA means adjusted earnings before interest, taxes, depreciation and amortization. EBITDA is equal to net income (loss) before income taxes plus finance costs plus depreciation. Adjusted EBITDA is equal to EBITDA before other discretionary expenses and expenses outside of the control of NTG. In NTG's case these are other income, share-based payments, and expenses related to foreign exchange. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of total revenue.Adjusted EBITDA and Adjusted EBITDA margin are not recognized measures under IFRS. Management believes that in addition to net income (loss), Adjusted EBITDA and Adjusted EBITDA margin are useful supplemental measures as they provide an indication of the results generated by the Company's primary business activities prior to consideration of how those activities are financed, amortized, or how the results are taxed and consolidated in various jurisdictions and currencies as well as the cash generated by the Company's primary business activities without consideration of the timing of the monetization of non-cash working capital items.Readers should be cautioned, however, that Adjusted EBITDA and Adjusted EBITDA margin should not be construed as an alternative to net income determined in accordance with IFRS as an indicator of the Company's performance. The Company's method of calculating Adjusted EBITDA and Adjusted EBITDA margin may differ from other organizations and, accordingly, Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to measures used by other organizations.The non-IFRS measures referenced in this release reconcile to the IFRS measures reported in the Consolidated Financial Statements as follows, unless reconciled elsewhere:

For the three months ended
 
For the twelve months ended
Adjusted EBITDA
December 31, 2025

December 31, 2024
 
December 31, 2025

December 31, 2024
Net Income (Margin)$942,139 
(4%)
$2,980,357
(17%)
 $5,343,945
(6%)
$9,855,552
(18%)
Add back:
 

 
 
 

 
(Gain) loss on foreign exchange
346,897

(574,477) 
695,949

(563,595) Depreciation
414,046

322,577
 
1,024,061

478,193
Amortization
132,183

132,183
 
528,733

528,733
Interest, net
158,701

191,305
 
307,937

435,332
Foreign Fees
55,023

(296,936) 
76,073

0
Taxes
629,769

513,700
 
3,252,968

810,636
Other income
177,248

(222,226) 
(234,989)
(436,147)Share-based payment
189,018

401,281
 
347,091

974,266
Loss on joint ventures
302,454

267,730
 
302,454

267,730
Loss on impairment of joint venture
102,439

0
 
102,439

102,439
Loss on disposal of assets
437

0
 
437

0
Exchange (gain) loss arising on translation of foreign operations
(319,111)
310,525
 
179,822

(43,422)Adjusted EBITDA (Margin)$3,769,466
(16%)
$4,322,955
(25%)
 $11,926,919
(14%)
$12,307,278
(22%)
 About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,400 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comForward-Looking Information
Certain statements in this release, other than statements of historical fact, are forward looking information that involve various risks and uncertainties. Forward looking information includes, but is not limited to, statements with respect to: 2025 financial guidance including anticipated revenue and adjusted EBITDA margin; anticipated activity levels and operating results; projections based on current backlog; corporate strategies; customer demand and competitive conditions in the markets in which the Company operates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: future demand for the Company's products and services; the results of research and development activities; access to capital; intellectual property protection; general business, economic, competitive, political and social uncertainties; delays in obtaining governmental approvals; failure to obtain regulatory approvals; reliance on key personnel; stock market volatility; fluctuations in interest rates and exchange rates; and the impact of new laws and regulatory requirements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about estimated annual revenue and adjusted EBITDA margin, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraph. The actual financial results of the Company may vary from the amounts set out herein and such variation may be material. NTG and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of providing further information about the Company's anticipated future business operations on an annual basis. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.1 Net Dollar Retention = (Beginning Revenue + Expansion - Contraction - Churn)/Beginning Revenue
2 Gross Dollar Retention = (Starting Revenue - Churned Revenue) / Starting RevenueTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/294407
Original: NTG Clarity Reports $83M Revenue, 48.5% Year-Over-Year for Full Year 2025

NTG Clarity to Announce Fourth Quarter and Full Year 2025 Financial Results on April 27, 2026 with Earnings Call to FollowApril 21, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 21, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today announced that it expects to report its financial results for the three months and year ended December 31, 2025, after the closing of the market on Monday, April 27, 2026.On Tuesday, April 28, 2026, at 9:00 AM ET, management will host a conference call webcast to discuss the Company's financial and operating results.What: NTG Clarity Full Year and Q4 2025 Earnings Call
When: Tuesday, April 28, 2026, at 9:00 AM ET
Where: Live webcast can be accessed from the Events page of NTG's website:
https://ntgclarity.com/events/q4-and-year-end-2025-earnings-conference-call-ntg-clarity/ Management will be hosting a Q&A at the end of the call; however, to streamline the earnings conference call, we ask any questions to be emailed along with the asker's name and company, if applicable, by the end of the day Monday, April 27, 2026, to:Adam Zaghloul, Vice President, Strategy & Planning
Email: adam@ntgclarity.comAbout NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,400 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.Forward-Looking InformationCertain 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.For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293510
Original: NTG Clarity to Announce Fourth Quarter and Full Year 2025 Financial Results on April 27, 2026 with Earnings Call to Follow

NTG Clarity Announces Work Valued at $12.3 MillionApril 9, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 9, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG") is pleased to announce it has received new purchase orders ("POs") and contract renewals totaling approximately $12.3M CAD, showing a continued demand for services and products despite conflict in the region.$12M in contract renewals, expansions, and related purchase orders with existing customers including:$5.5M in purchase orders for offshore software development services.These POs represent billings against the previously announced $22M three-year framework contract announced in December 2024. $3.5M in renewed POs and contracts for offshore and onsite software development services.Several of these renewals include an increase in the number of contracted resources.$3M in purchase orders for offshore and onsite software development services.These POs represent billings against the previously announced $53M three-year framework contract announced in August 2024. $280K in new purchase orders for NTGapps for an existing Finance customer.Representing a new engagement within an existing client relationship."Clients who have worked with us continue to extend their contracts and give us a larger share of their technology budgets. That dynamic is reflected clearly in today's announcement. Renewals are coming in, orders against our major framework agreements are ramping, and the digital transformation mandates underpinning our business continue to move forward," said Adam Zaghloul, Vice President of Strategy & Planning. "The business case for digital transformation and economic diversification in the Gulf has only been reinforced by the current regional volatility, and our clients' continued commitment reflects that." About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,400 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading 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.For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291709
Original: NTG Clarity Announces Work Valued at $12.3 Million

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NTG Clarity Provides Update on Artificial Intelligence Strategy and Early Customer AdoptionMarch 12, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 12, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today provided an update on its artificial intelligence strategy, including customer adoption of AI-powered products, a strategic partnership targeting the enterprise system implementation market, and the deployment of AI-assisted development tools across its delivery teams and its NTGapps platform.Investors and customers often ask how AI will impact NTG's business. Through our more than 30 years in business, we have embraced and mastered new technologies to help our customers. For NTG, AI is no different, and our customers are trusting us as their subject matter experts to capitalize on AI opportunities in their own businesses.As AI technologies continue to advance, they are increasingly capable of automating routine, entry-level development tasks. However, realizing meaningful value from these tools still requires experienced senior developers who can apply them effectively and deliver high-quality outcomes that avoid common AI issues like hallucinations and incorrect facts. For decades, NTG has specialized in providing seasoned software development professionals to its clients. As demand shifts towards more senior-level expertise in an AI-enabled environment, NTG believes it is well positioned to capture increased demand for its services."The enterprises we serve across the region continue to invest aggressively in digital transformation, and their priorities remain clear. They need experienced partners who can deliver secure, reliable implementations on time and within scope," said Adam Zaghloul, Vice President of Strategy & Planning. "AI isn't replacing that need for expertise; it's making experienced teams more productive. By equipping our developers with AI-assisted tools, we can deliver more value to our clients."AI Strategy OverviewThe large enterprises across Saudi Arabia and the broader Middle East continue to prioritize security, reliability, and proven delivery capability in their digital transformation programs. These priorities are shaping how enterprise clients approach AI adoption, with emphasis on controlled deployments, data privacy, and integration with existing mission-critical systems rather than rapid, broad-scale implementation.This measured approach aligns with NTG's decades of experience implementing secure systems for financial institutions and telecommunications providers. The Company continues to see strong demand and believes enterprise-scale complexity and security requirements reinforce the need for experienced delivery partners like NTG.Consistent with this cautious approach, enterprise clients are engaging with NTG's AI-powered products through small-scale proof-of-concept deployments that allow for controlled validation before broader organizational rollout. Since establishing its AI department in 2024, NTG has developed several AI-powered products that address specific enterprise needs:TestFlair — an automated software testing platform that leverages AI to convert business requirements into functional and non-functional test cases, reducing testing cycles and improving software quality. The platform is currently deployed with NTG's QA team of more than 200 people along with multiple early-adopter Saudi IT clients in proof-of-concept capacity.The Agent Builder — a customizable AI agent platform that enables enterprises to deploy automated sales and customer support assistants. One client in the Real Estate sector has gone into commercial deployment and has already seen an increase in sales and improved customer service metrics.NTGapps — our drag-and-drop application builder has been made even more powerful by enabling customers to build user interfaces automatically by AI prompting, leading to further productivity gains.Additional AI-powered solutions under development include sales enablement tools and financial document analysis capabilities using optical character recognition and domain-tuned large language models specifically designed to process Arabic-language financial statements, including Arabic numerals and right-to-left formatting conventions needed for our target market.Strategic Partnership with Peaktify Targets ERP Implementation MarketIn February 2026, NTG entered into a strategic partnership with Peaktify, a United Arab Emirates based startup founded by enterprise system implementation veterans. Peaktify's platform uses AI to streamline enterprise software delivery by converting project requirements, technical specifications, and other work products into structured, implementation-ready artifacts in real time.Peaktify is a workflow-native, human-led AI implementation squad. Agents automate the heavy lifting; humans guide, approve, and own the outcome - so teams can deliver faster with consistent quality and focus on what matters most: thinking, decisions, and execution.The platform targets a persistent challenge in large-scale ERP implementations: maintaining project scope, coordinating cross-functional teams, and mitigating implementation risk. This is another example where NTG is utilizing AI to expand and grow our business.AI-Driven Developer ProductivityAs part of its commitment to delivering increasing value to clients, NTG is working to integrate AI-assisted development tools into its software engineering teams' workflows. These tools support faster code generation, improved code quality, and shorter delivery cycles.Recognizing the security and data privacy concerns paramount to both NTG's management and its enterprise clients, the Company is developing and piloting an on-premises AI solution. This approach allows NTG to capture productivity benefits while maintaining the data security and privacy controls enterprise clients require. Broader adoption across NTG's development organization is planned following completion of this secure, internally-hosted solution.NTG believes these productivity gains strengthen its competitive positioning by enabling NTG to deliver more within existing engagement structures.Overall, AI provides a significant opportunity to unlock value for our customers while increasing our revenue. NTG is committed to investing in and training its workforce to be a leader in this emerging technology just as it successfully navigated prior technology inflection points over the Company's decades of experience.About NTG Clarity Networks Inc.NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,400 IT and network professionals provide design, engineering, implementation, software development, and security expertise to the industry's leading enterprises.Forward-Looking InformationCertain statements in this release, other than statements of historical fact, including statements regarding the expected impact of AI on developer productivity and competitive positioning, anticipated benefits of the Company's AI product offerings, expected customer demand for the Company's services, and the anticipated outcomes of the strategic partnership with Peaktify, are forward-looking information that involves various risks and uncertainties. Such statements 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 management on the dates they are made and are 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.For Further InformationAdam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288153
Original: NTG Clarity Provides Update on Artificial Intelligence Strategy and Early Customer Adoption

NTG Clarity Announces Three-Year Framework Agreement with Major Saudi Real Estate Development CompanyMarch 9, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 9, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG") is pleased to announce that this past week it has signed a three-year Framework Agreement (the "Agreement") with a vertically integrated real estate development company in Saudi Arabia. The customer maintains a diverse portfolio spanning the entire hospitality sector, and is a portfolio company of one of the Kingdom's largest investment entities. The customer's work is a cornerstone of Saudi Arabia's ambition to diversify its economy under its Vision 2030 program.Under the Agreement, NTG will provide offshore and onsite digital transformation and software development services, with a focus on Internet of Things (IoT) and Smart City solutions. While the Agreement does not include a minimum spend commitment, it establishes an initial ceiling of approximately $18.2 million CAD in spending over its three-year term, with gross margins of approximately 36%. Revenue will be recognized as individual purchase orders are issued and work is completed. NTG will disclose individual Purchase Orders ("POs") issued under this Agreement as they are received, with initial POs expected in the coming months. NTG expects to provide greater clarity on the scope and pacing of work under this Agreement as POs are issued.The engagement originated through a referral from an existing NTG customer, also a portfolio company of the same investment entity, continuing our track record of referral-driven new customer acquisition. This Agreement represents one of the larger engagements the Company had been positioning for throughout 2025, during which period NTG proactively invested in talent acquisition and delivery capacity to ensure readiness upon contract execution."Winning the trust of another portfolio company within one of the region's most significant investment groups is a direct reflection of the caliber of work we deliver for our existing clients," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "This agreement gives us a multi-year platform to grow with a customer whose digital transformation needs are expected to scale meaningfully as their projects advance. Combined with our offshore delivery model, we believe this positions us well to become a long-term strategic partner."Regional UpdateOver the past week, there has been a significant escalation in military activity in the Middle East, including strikes affecting several countries in the Gulf region where NTG operates. While the situation remains fluid, NTG has not experienced any material disruption to its operations or customer engagements to date. The Company's employees in the region are safe and accounted for, and NTG's primary delivery operations, based far from the conflict in multiple Egypt Offshore Centers, have not been affected and continue to operate normally. It is too early to assess the broader implications of the current situation on the Company's business or on the pace of its customers' digital transformation initiatives; however, the signing of this three-year framework agreement shows that our customers are still focused on economic development and digitization despite the conflict in the region. NTG will continue to monitor conditions closely and will provide updates to shareholders as warranted.About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,300 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading 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.For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286570
Original: NTG Clarity Announces Three-Year Framework Agreement with Major Saudi Real Estate Development Company

nci...........................https://stockcharts.com/h-sc/ui?s=nci&p=W&b=5&g=0&id=p86431144783

This is not the correct company for ticker NCI is neo concept international

This is not the correct company for ticker NCI is neo concept international

China market opens back up Tuesday after 5 day break,could see this next leg up tomorrow after this consolidation,pattern is extremely obvious,we shall see if it continues

#NCI 🔥 BIG squeeze possible as small float, high short interest, big volume! $NCI

NCI.................................https://stockcharts.com/h-sc/ui?s=NCI&p=W&b=5&g=0&id=p86431144783

NCI........................https://stockcharts.com/h-sc/ui?s=NCI&p=W&b=5&g=0&id=p86431144783

All these Chinese stocks, the US bagholders buys them and the Chinese unloads there bag, every time same results?? Imo

NCI..................................https://stockcharts.com/h-sc/ui?s=NCI&p=W&b=5&g=0&id=p86431144783

$1.20s

NCI (Neo-Concept International Group Holdings Limited, NASDAQ): There is NO iHub board for this ticker!! And the iHub platform is so STUPID, that it forbid me from creating one!! Claiming that THIS board is the board for NCI (of Hong Kong), which closed their recent IPO on 4-25-24!!

8 dollars mark on this one!

This is going to explode $1.20s get it.

NCI: Running in the Post-M right now; closed their IPO on 4-25-24.

Another china pump and dump 🤦🏻‍♂️

LOL hard not to laugh

$3.88 now after several halts lol

Wow $6.10 now crashing. Maybe we'll see $4

Amazing Q2 financials out

THE MOST UNDERVALUED PENNY STOCK~ NCI.V(.045) & NYWKF(.033), 2023 Q1, Q2 Highest revenues. Total 12.5 million dollars Revenue. Net profit 1.33 million dollars.
2022 annual revenue 17.6 million Gross profit 6.72 million net profit 1.24 million dollars.
2021 annual Revenue 11.8 million Gros profit 6.58 million net profit 1.37 million dollars

Outstanding shares: 147 million
Insiders hold: 36.6% ofshares
Public float 94 million
Backlog over 35 million dollars
Posts Net profit last 2.5 years
IT company over 300 employees.
Headquarter in Canada, offices in other countries
The company has been operating for 30 years

THE MOST UNDERVALUED PENNY STOCK~ NCI.V(.035) & NYWKF(.027), 2023 Q1 Highest single quarter revenue: $6.1M Gross Margin: $2,256,078
Net Income from continuing operations: $1,088,073. Net profit 635,000 dollars.
2022 annual revenue 17.6 million Gross profit 6.72 million net profit 1.24 million dollars.
2021 annual Revenue 11.8 million Gros profit 6.58 million net profit 1.37 million dollars

Outstanding shares: 147 million
Insiders hold: 36.6% ofshares
Public float 94 million
Backlog over 35 million dollars
Posts Net profit last 2.5 years
IT company over 300 employees.
Headquarter in Canada, offices in other countries
The company has been operating for 30 years

https://ntgclarity.com/news

NCI.V(.035) & NYWKF(.027)
2023 Q1 Highest single quarter revenue: $6.1M Gross Margin: $2,256,078
Net Income from continuing operations: $1,088,073. Net profit 635,000 dollars.
2022 annual revenue 17.6 million Gross profit 6.72 million net profit 1.24 million dollars.
2021 annual Revenue 11.8 million Gros profit 6.58 million net profit 1.37 million dollars

Outstanding shares: 147 million
Insiders hold: 36.6% ofshares
Public float 94 million
Backlog over 30 million
Posts Net profit last 2.5 years
IT company over 300 employees.
Headquarter in Canada, offices in other countries
The company has been operating for 30 years.

NCI.V(.035) & NYWKF(.027) posts Net profit, low O/S IT Company.

1) POSTED Highest single quarter revenue: $6.1M
2) Gross Margin: $2,256,078
3) Net Income from continuing operations: $1,088,073
4) Outstanding shares: 147 million
5) Insiders hold: 36.6% ofshares
6) Public float 94 million
7) Backlog over 30 million
8) Posts Net profit last 2.5 years
9) IT company over 300 employees.
10) Headquarter in Canada, offices in other countries
11) The company has been operating for 30 years.








This is my DD. Please make your own DD before buying or selling

NCI.V & NYWKF Highest single quarter revenue: $6.1M Gross Margin: $2,256,078
Net Income from continuing operations: $1,088,073
Outstanding shares: 147 million
Insiders hold: 36.6% ofshares
Public float 94 million
Backlog over 30 million
Posts Net profit last 2.5 years
IT company over 300 employees.
Headquarter in Canada, offices in other countries
The company has been operating 30 years.

NCI.V & NYWKF Highest single quarter revenue: $6.1M Gross Margin: $2,256,078
Net Income from continuing operations: $1,088,073

NTG Clarity Launches Evolutionary Software Solution called "Stage EM"

Toronto, ON / TheNewswire / September 1, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), today announced the launch of its evolutionary software "Stage Enterprise Management." Stage EM is a goal-focused integrated solution that improves organizational efficiency by integrating strategic planning, business planning, demand and capacity management, operation optimization, portfolio project management and analytics. The full suite of software will be available in Q4 2015. NTG is already trialing some of the modules with customers who have expressed their interest in purchasing the full suite.

"Stage EM is a game changer for the company," stated Ashraf Zaghloul, NTG Clarity's CEO. "The software solution is innovative, cost effective and is in high demand by organizations across all industries globally. Stage EM provides us the opportunity to easily enter new markets and new industries while still servicing our existing customer base and markets. Launching new evolutionary software solutions will help NTG meet its aggressive growth targets. We are very pleased to launch Stage EM to help organizations resolve significant challenges that they face related to meeting organizational objectives of growth and efficiency and to make good decisions during uncertainty by controlling risks."

The Stage EM software solution solves many problems that all companies currently face:

a)How to monitor in real time, in an integrated fashion, projects, finances and resources on a portfolio basis.

b)How to monitor, on a strategic basis, the various projects' status and the effects of that status on financial targets and strategy, on a bottom-line basis.

c)How to allocate resources and priorities for various projects to optimally meet demand in accordance with strategic priorities.

d)Process automation, optimization and a way to simultaneously monitor portfolio, projects, resources and finances in real time.

e)An evolutionary way to monitor strategic planning.

f)A new way to manage demand and capacity management, and project management.

Stage EM will be cloud-enabled and will support integration through standard interfaces in connectivity to a company's ERP, HRS and other applications. The software will be priced from $50,000 for a small company module to about $500,000 plus for a large organization implementation.

ABOUT NTG CLARITY NETWORKS INC
NTG Clarity Networks' vision is to be a global leader in providing software solutions and services. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada and the MEA countries. More than 400 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

NTG Clarity Networks Offers Great Value as Company is Being Overlooked
By Paul Piotrowski
August 7, 2015

NTG Clarity Networks Inc. ($TSXV:NCI) is a global provider of telecom and IT infrastructure. The company is based in Canada and has operations in the United States, the Middle East and North Africa. NTG Clarity has seen explosive growth in recent years, tripling its top-line since 2012. The solid top line growth is largely due to NTG acquiring contracts with new customers, broadening contracts with existing customers, and their geographic expansion. I believe NTG presents a compelling investment due to:

~ Investing in geographical expansion that will drive double digit top line growth rate
~ Mitigating concentration risk – currently the company’s biggest concern
~ Trading at less than 5x annualized 2015 P/E
~ Increasingly More Equitable Product Mix
~ NTG Clarity’s network, telecom, and IT business is built around two main offerings: software products, and professional services.

Software Products
NTG’s core product is NTS, an on-premise Operations Support System (OSS)/Business Support System (BSS) solution. Targeting large utility companies, telecom service providers, and the oil/resource industry, NTS provides a cost-effective solution for companies looking to improve their network and service infrastructure. Given that nearly half of the BSS/OSS market is controlled by big players like IBM and Oracle, NTG is smart to focus its NTS product on markets where the large players do not have a significant advantage (the Middle East and North Africa).
NTG has also recognized that software products have consistently yielded stronger margins than their other revenue streams (60% compared to the 35% gross margins that professional services yield). As a result, the company has focused on having a more equitable revenue mix. In Q1 2015, software products made up 47% of total revenues, compared to 21% in fiscal 2014. This shift has been a driver behind NTG’s improving operating income and will continue to be a tailwind to margins as the company expects the split to be 50/50 moving forward.

Professional Services
In addition to NTS, NTG Clarity offers professional consulting services. These services assist customers with the integration of NTS and provide quality insights that eliminate the customer’s need for in-house engineers. While the obvious costs associated with professional services yield relatively low margins, they remain an important revenue stream for the company, due to their recurring nature. NTS may be the key driver behind NTG’s top line, however, professional services provide a necessary and reliable source of recurring revenue.

NTG Clarity continued its impressive sales growth, posting Q1 2015 revenues of $5M (up 71% from the same period in 2014). Keep in mind, Q1 is typically the company’s weakest quarter due to timing of new contracts, so posting a run rate of $20M on their weakest quarter indicates that 2015 will probably exceed management’s revenue guidance of $20M. The company’s focus on improving margins along with strong top-line performance is also expected to have a positive effect on earnings with a target 20% EBIDTA margin. Annualized, Q1 EPS (above right) is projected at $0.08 which would yield over 150% of YoY growth.

NTG’s geographic expansion into Qatar and Kuwait is the reason for negative FCF in 2014. As the company integrates its investment, CAPEX will continue declining and the company will have more free cash to fund short-term sales efforts and potential future growth strategies. Investing in these high ROI activities will create meaningful shareholder value in the medium term due to the added top line growth and greater client diversity.

This strategic move into new territories will support the company’s long term goals of diversifying the client base, which is currently a concern for investors. While NTG does depend on a few large customers (in 2014, 74% of revenue was from one source), the company is broadening its client mix (in Q1 2015, it was reported that a lesser amount, 61% of revenue came from one source).

Another sign of improvement is the 15% of total revenue that new markets generated in 2014. This is a huge step in the right direction for the company, seeing how as recently as 2013, they relied on Saudi Arabia to drive 89% of their top-line. This additional stream of revenue developed primarily as a result of new customers in Oman, but also due to the new offices in Qatar and Kuwait. While these new offices have yet to be fully integrated as part of NTG’s global operations, ongoing sales efforts are beginning to produce top-line effects as seen with the new contract wins (examples here and here).

NTG Clarity is currently trading at 0.81x revenue and 4.38x EBITDA, well below industry comparables of 1.94x and 16.36x. Investors may be skeptical of a company that has a concentrated customer base with the majority of its operations in the Middle East and North Africa; however management is in the process of diversifying these revenue sources (explained above).

Despite the turmoil that occurred in Egypt recently, Q1 2015 revenues remained strong in the country by growing 24% over Q1 2014. Therefore, NTG’s operations have proven to avoid the political unrest and instability typically associated with the regions where they conduct business.

NTG expects 2015 revenue of $20M, a figure that is conservative given the reported Q1 top line results. Q1 2015 revenues came in at $5M (or an annual run rate of $20M). As explained above though, Q1 has historically been the weakest quarter for NTG due to the timing of new contracts. As a result, expect annual revenues in the $22M range (above), a growth of 40% YoY. With EBITDA margins expected to be around 20%, 2015 should be yet another profitable year for NTG.

As shown in Figure 5, NTG’s 2015 EBITDA is projected to be ~$4.2M. An average EV/EBITDA of 10x would result in an enterprise value of $42M or approximately $1.13/share. The company’s stock currently trades in the high $0.30, thereby presenting investors with upside of 200%.
The company itself has indirectly implied that its shares could be misunderstood by the market by:

1. Share Buyback Program
In November 2014, NTG announced a 1M share buybackauthorization, a rare move in the small cap space. In Q1 2015, the company repurchased 140,500 shares, leaving 859,500 shares still available. As long as the company trades at these depressed levels, I expect the buyback to continue, which will be accretive to the bottom line.

2. Funding By Using Debt Rather Than Equity
NTG has preferred to fund itself through debt rather than issue equity, given shares are trading below what the perceived fair value is. Small cap companies generally avoid debt given the financial rigidity involved and their inability to manage debt repayments. NTG’s profitable and cash flow generating business, however, can manage these payments. Also, the interest rate NTG pays on its debt is bank prime (3%) + 1.85%, which is relatively low confirming the company’s stable business.

NTG is one of the most compelling value plays in the small cap space. The company’s growth- likely 30-40%- is expected to continue due to expansion efforts while their lean operating model will be further magnified by favorable revenue mix and accretive share buyback plans. Diversification risk remains a dark cloud over the company; however, management has addressed the issue and is in the process of mitigating it. Considering the low trading multiples NTG trades at, investors are given great downside protection while being exposed to 200% upside.

Link:http://www.equities.com/editors-desk/stocks/telecommunication/ntg-clarity-networks-offers-great-value-as-company-is-being-overlooked

NTG Clarity Receives $1.8 Million LOI for NTG Services

Toronto, ON / TheNewswire / August 6, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), NTG is pleased to announce that the Company has received a $1.8 Million Letter of Intent from a leading mobile operator in the Gulf region to provide software development, telecom consultants, project management resources and data migration services. NTG has already commenced work on this LOI with approximately 20% being completed and accounted for in Q1 2015 revenue. Work has continued in Q2 2015 and is expected to be completed by Q3 2015.

"NTG has been working hard in the last few years to establish itself as a leading provider of quality telecom software products and services in the Gulf region. This contract reflects our customer's increasing satisfaction and confidence in our expertise in telecom systems and operator requirements." said Ashraf Zaghloul, NTG Clarity's Chairman and CEO.

From QIS Capital:

NTG Clarity has successfully met every target management has made over the past several years. This significant contract is another step toward the $20 million in revenues forecast by the company for 2015. The increase to the credit facility adds further credibility to NTG Clarity and its recent growth, as RBC would have performed several criteria valuations to justify the over 150% increase to the credit facility. Congratulation to management for the continued growth in the company. NTG Clarity is trading at just 5 times earnings assuming $0.08 annualized eps. The company also has no long-term debt and has positive working capital of $0.19 per share. Adjusted for working capital, NTG Clarity would be trading at only 2.6X earnings.

GLTA & JMO

NTG Clarity Networks Increases its Credit Facility to $9.1 Million CDN. Increased operating line and revolving facility to support pre-shipping costs

Toronto, ON / TheNewswire / June 23, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), a leader in the telecommunications OSS/BSS market, today announced that it has completed an agreement to renew and increase its existing $3.5 million credit facility and $1.2 million bonding facility with RBC Royal Bank of Canada, Knowledge Based Industries Banking Group - Toronto.

The new facility adds financing to support NTG's organic growth, new opportunities and ongoing projects.

The agreement includes:

- $3 million operating line available for general working capital purposes to fund continued growth;

- $3 million pre-shipping revolving facility to support pre-shipping costs associated with exports;

- $3 million letter of guarantee facility to support bid and performance and payment guarantees for export contracts.

"This increased facility and the positive results from 2014 and Q1 2015, allows NTG to aggressively pursue new opportunities to achieve our growth plan for the coming year" said Ashraf Zaghloul, NTG Clarity Chairman and CEO.

Facilities are supported by Export Development Canada (EDC).

About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity is a leader in Canada in delivering networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 380 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

Nice volume on great news today.

She's ready to roll into a new 52 week high soon.

GLTA & JMO

NTG Clarity Signs a $3.9 Million Contract

Toronto, ON / TheNewswire / June 22, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), NTG is pleased to announce that the Company has signed a $3.9 Million contract with one of the top global management consulting and outsourcing companies. NTG will supply technical, development and support resources to enable the customer to deliver on its objectives in a timely and cost effective manner. Work on this contract has already started and is to be completed by the end of December 2015.

"We are very pleased with the signing of this contract for a number of reasons." said Ashraf Zaghloul, NTG Clarity's Chairman and CEO. "This is a major new customer and it introduces our products and services to this multi-national corporation. This contract helps confirm that our strategy of increasing revenue through new customer acquisitions continues to gain traction. Additionally, this contract reinforces that NTG Clarity continues to provide high quality resources at very competitive prices. We expect that all revenues and profits from this contract will be included in this year's fiscal financial statements."

ABOUT NTG CLARITY NETWORKS INC.
NTG Clarity Networks' vision is to be a global leader in providing software and networking solutions and services. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada and the MENA countries. More than 380 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

AGM June 25th.

Could get some kind of update ahead of time.

GLTA & JMO

On June 11th NCI repurchased 35,000 shares at .38

A continuation of their continuing buyback.

Once some of the overhang is cleared up through all this buying back of stock it should move quickly.

GLTA & JMO

Share buyback is still in full effect. Nice volume and uptick today so far.

Float is thin.

GLTA & JMO

NTG Clarity Networks Announces Record First Quarter 2015 Financial Results

Toronto, ON / TheNewswire / May 27, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI),a world leader in the telecommunications OSS/BSS market, today reported record first quarter 2015financial results.

First Quarter highlights:

-71% increase in revenues to $5.0M
-working capital of $7.0M ($0.19 per share) and no long-term debt

-significant reduction in current bank debtfrom $3.52M at December 31, 2014 to $2.65M at March 31, 2015

-strong order backlog

During the first quarter of 2015, NTG Clarity generated record revenues of $5,002,161 as compared to $2,933,749 in the same period last year, an increase of 71%. The significant increase in revenues was primarily from contracts with existing clients that were expanded and renewed in 2014. For Q1, 2015, revenue was comprised of 53% professional services and 47% product related sales, compared to 79% and 21% respectively for the same period last year.

The Company reported a 257% increase in net income to $722,489 or $0.020 per share for the three months ended March 31, 2015, compared to net income of $202,502 or $0.006 per share for the comparable period last year.

As at March 31, 2015, NTG Clarity had positive working capital of $7,017,573 and no long-term debt.

During the first quarter of 2015, NTG Clarity collected a significant amount of receivables (over $5.5 Million or 49% of the $11,297,839 receivable value at December 31, 2014. Subsequent to quarter end, the Corporation has collected an additional $2.9 Million.

Looking towards the future, we remain committed to our growth strategy and continue to focus on growing organic operations, expanding our marketing reach geographically and enhancing our product offering. We are also looking to increase our reach through acquisitions and/or partnerships with global system integrators.

In an unrelated matter, the Company announced the following management will have share options issued; Kristine Lewis; 100,000 options; M. Adel Zaghloul; 100,000 options; and Ashraf Zaghloul; 100,000 options. Each option will be exercisable at a price of $0.30 per share and will vest upon issuance.

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 350 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

Bids are building.. She's at .36 and blue sky around the corner.

Q earnings out shortly.

Will be interesting.

GLTA & JMO

Insider buys and a nice Q coming up.

Should be interesting.

GLTA & JMO

Nice to see insiders with a 25% ownership here.

Corporate presentation:
http://ntgclarity.com/investor_relations/IR-Jan-15.pdf