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Added to YB: 2026-04-30

Pitch date: 2026-04-28

NCI.V [neutral]

NTG Clarity Networks Inc.

-6%

current return

Author Info

Atrium Research provides institutional quality research on underfollowed public equities. Sign up for the newsletter.

Company Info

NTG Clarity Networks Inc., together with its subsidiaries, provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

Market Cap

CAD 50.4M

Pitch Price

CAD 1.00

Price Target

2.50 (+150%)

Dividend

N/A

EV/EBITDA

4.17

P/E

10.50

EV/Sales

0.58

Sector

Software

Category

value

Show full summary:
NTG Clarity – 2025 Financials Beat Expectations; Revenue Up 49%, Collecting A/R

NCI.V (earnings): Q4 rev $23.9M (+39% YoY) beat $21.1M est; FY25 rev $83.4M (+49% YoY) beat $80.5M est. Adj EBITDA $11.9M (14% margin) vs $11.1M est. A/R down $1.3M QoQ, improving cash conversion. 2026 guide >$90M rev (+8% YoY), 13-16% EBITDA margin vs est $96.2M. $88M backlog. Mgmt has history of beating revenue guidance. Trades 3.3x 2026E EBITDA, 21% FCF yield. PT $2.50 on 8.5x 2026E EBITDA.

Read full article (6 min)