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Posted On: 09/11/2019 4:10:16 PM
Post# of 848
NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Sees Strong Revenue Growth During Q2 2019
Spectrum Global Solutions (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, announced that it obtained $3.7 million in new contracts during the second quarter of 2019 (http://nnw.fm/LCk8G). An article discussing the company reads, “During the second quarter of 2019, Spectrum witnessed strong revenue growth. Its total revenues reached $19.7 million, marking an increase of 29% on a quarterly basis. Gross profit during the second quarter was $1.2 million, or 13.9% of revenues. . . . The company brought down general and administrative expenses for Q2 2019 to $1 million (a reduction of 38% on an annual basis). Operating loss for the second quarter of the year went down by 21% on an annual basis.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Spectrum Global Solutions (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, announced that it obtained $3.7 million in new contracts during the second quarter of 2019 (http://nnw.fm/LCk8G). An article discussing the company reads, “During the second quarter of 2019, Spectrum witnessed strong revenue growth. Its total revenues reached $19.7 million, marking an increase of 29% on a quarterly basis. Gross profit during the second quarter was $1.2 million, or 13.9% of revenues. . . . The company brought down general and administrative expenses for Q2 2019 to $1 million (a reduction of 38% on an annual basis). Operating loss for the second quarter of the year went down by 21% on an annual basis.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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