NTG Clarity Announces Work Valued at $12.5 Million
NTG Clarity Networks (NYWKF) has secured new purchase orders and contract renewals worth $12.5 million CAD, demonstrating strong business momentum. The company received $4 million in new work, including $2M for software development services and $2M for their NTGapps platform. Additionally, $8.5 million in renewals were secured, comprising $5.1M for development services with expanded resources, $3M for offshore/onsite services under a previous $53M contract, and $400K for their NTGapps platform.
The company's referral-driven sales strategy is showing success, with significant client retention and expansion. These orders support NTG's 2025 revenue guidance of $75 million. The high renewal-to-new-work ratio demonstrates NTG's ability to maintain and grow existing client relationships while attracting new business.
NTG Clarity Networks (NYWKF) ha ottenuto nuovi ordini di acquisto e rinnovi contrattuali per un valore complessivo di 12,5 milioni di dollari canadesi, dimostrando un forte slancio commerciale. L'azienda ha ricevuto 4 milioni di dollari in nuovi incarichi, di cui 2 milioni per servizi di sviluppo software e 2 milioni per la piattaforma NTGapps. Inoltre, sono stati assicurati 8,5 milioni di dollari in rinnovi, comprendenti 5,1 milioni per servizi di sviluppo con risorse ampliate, 3 milioni per servizi offshore/onsite nell'ambito di un precedente contratto da 53 milioni e 400 mila per la piattaforma NTGapps.
La strategia di vendita basata sulle referenze dell'azienda sta dando risultati positivi, con una significativa fidelizzazione ed espansione della clientela. Questi ordini supportano le previsioni di fatturato per il 2025 di 75 milioni di dollari. L'elevato rapporto tra rinnovi e nuovi incarichi dimostra la capacità di NTG di mantenere e far crescere le relazioni con i clienti esistenti, attirando al contempo nuovi affari.
NTG Clarity Networks (NYWKF) ha asegurado nuevas órdenes de compra y renovaciones de contratos por un valor de 12,5 millones de dólares canadienses, demostrando un sólido impulso comercial. La compañía recibió 4 millones en nuevos trabajos, incluyendo 2 millones para servicios de desarrollo de software y 2 millones para su plataforma NTGapps. Además, se aseguraron 8,5 millones en renovaciones, que comprenden 5,1 millones para servicios de desarrollo con recursos ampliados, 3 millones para servicios offshore/onsite bajo un contrato previo de 53 millones y 400 mil para la plataforma NTGapps.
La estrategia de ventas basada en referencias de la empresa está mostrando éxito, con una significativa retención y expansión de clientes. Estos pedidos respaldan la proyección de ingresos para 2025 de 75 millones. La alta proporción de renovaciones frente a nuevos trabajos demuestra la capacidad de NTG para mantener y hacer crecer las relaciones con clientes existentes mientras atrae nuevos negocios.
NTG Clarity Networks (NYWKF)는 1,250만 캐나다 달러 규모의 신규 구매 주문 및 계약 갱신을 확보하며 강력한 비즈니스 모멘텀을 보여주고 있습니다. 회사는 소프트웨어 개발 서비스에 200만 달러, NTGapps 플랫폼에 200만 달러를 포함하여 400만 달러의 신규 작업을 받았습니다. 또한, 850만 달러의 갱신 계약을 확보했으며, 여기에는 확장된 자원으로 510만 달러의 개발 서비스, 이전 5300만 달러 계약 하의 오프쇼어/온사이트 서비스에 300만 달러, NTGapps 플랫폼에 40만 달러가 포함됩니다.
회사의 추천 기반 판매 전략은 성공을 거두고 있으며, 고객 유지 및 확장이 두드러지고 있습니다. 이 주문들은 NTG의 2025년 매출 목표인 7,500만 달러를 지원합니다. 높은 갱신 대 신규 작업 비율은 기존 고객 관계를 유지하고 성장시키는 동시에 새로운 비즈니스를 유치하는 NTG의 능력을 보여줍니다.
NTG Clarity Networks (NYWKF) a obtenu de nouvelles commandes d'achat et des renouvellements de contrats d'une valeur de 12,5 millions de dollars canadiens, démontrant un fort élan commercial. L'entreprise a reçu 4 millions de dollars en nouveaux travaux, dont 2 millions pour des services de développement logiciel et 2 millions pour leur plateforme NTGapps. De plus, 8,5 millions en renouvellements ont été sécurisés, comprenant 5,1 millions pour des services de développement avec des ressources accrues, 3 millions pour des services offshore/onsite dans le cadre d'un contrat précédent de 53 millions, et 400 000 pour leur plateforme NTGapps.
La stratégie de vente basée sur les recommandations de l'entreprise montre son succès, avec une rétention et une expansion significatives des clients. Ces commandes soutiennent les prévisions de revenus 2025 de 75 millions. Le ratio élevé de renouvellements par rapport aux nouveaux travaux démontre la capacité de NTG à maintenir et développer ses relations clients existantes tout en attirant de nouvelles affaires.
NTG Clarity Networks (NYWKF) hat neue Aufträge und Vertragsverlängerungen im Wert von 12,5 Millionen kanadischen Dollar gesichert und damit eine starke Geschäftsentwicklung gezeigt. Das Unternehmen erhielt 4 Millionen Dollar an neuen Aufträgen, darunter 2 Millionen für Softwareentwicklungsdienste und 2 Millionen für ihre NTGapps-Plattform. Zusätzlich wurden 8,5 Millionen Dollar an Verlängerungen gesichert, bestehend aus 5,1 Millionen für Entwicklungsdienste mit erweiterten Ressourcen, 3 Millionen für Offshore-/Onsite-Dienste im Rahmen eines vorherigen 53-Millionen-Dollar-Vertrags und 400.000 Dollar für die NTGapps-Plattform.
Die auf Empfehlungen basierende Vertriebsstrategie des Unternehmens zeigt Erfolg mit signifikanter Kundenbindung und -erweiterung. Diese Aufträge unterstützen die Umsatzprognose von NTG für 2025 von 75 Millionen Dollar. Das hohe Verhältnis von Verlängerungen zu neuen Aufträgen zeigt NTGs Fähigkeit, bestehende Kundenbeziehungen zu pflegen und auszubauen sowie gleichzeitig neue Geschäfte zu gewinnen.
- Secured $12.5M CAD in new orders and renewals
- Strong client retention with $8.5M in contract renewals
- Several renewals include increased resource allocation
- On track to meet $75M revenue guidance for 2025
- Growing adoption of NTGapps platform
- None.
Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - 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
In the last while NTG has won:
$4M in New Work$2M in purchase orders to deliver onsite and offshore software development services.$2M in purchase orders for licensing, customization, and ongoing support of our NTGapps platform for an existing Telecom client.
$8.5M in Renewals$5.1M across multiple contracts for both offshore and onsite development services.Several of these renewals include an increase in the number of contracted resources.
$3M in purchase orders for offshore and onsite development services.These POs represent billings under previously announced agreements, including the
$53M three-year contract announced in August 2024, as work continues to ramp up.
$400 K in purchase orders for licensing, customization, and ongoing support of our NTGapps platform for an existing Telecom client.
The ratio of renewals to new work in these POs and contracts exemplifies NTG's ability to not only impress and expand engagements with existing clients, but also secure new projects through largely referral-driven sales efforts. Continued strong orders for new work and renewals puts us on track to meet our 2025 revenue guidance of
"Our sales strategy is clearly gaining traction, as evidenced by several new contract wins aligned with our referral-driven, land-and-expand approach," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "Notably,
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 1000 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.com
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/252037
FAQ
What is the total value of new purchase orders and renewals announced by NYWKF in May 2024?
How much of NYWKF's new contracts are from existing clients versus new customers?
What is NTG Clarity's (NYWKF) revenue guidance for 2025?
How much of the new orders are related to NTG Clarity's NTGapps platform?
What portion of the $12.5M announcement is connected to NYWKF's previously announced $53M contract?
