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NTG Clarity Reports 42% Year-Over-Year Revenue Growth in Q3 2025, Continues Investment in Future Growth
Reaffirms Full Year Revenue Guidance Toronto, Ontario--(Newsfile Corp. - November 12, 2025) - N...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Reports 42% Year-Over-Year Revenue Growth in Q3 2025, Continues Investment in Future GrowthReaffirms Full Year Revenue GuidanceToronto, Ontario--(Newsfile Corp. - November 12, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF) NTG Clarity (\"NTG\" or the \"Company\") today reports its third quarter results for the quarter ended September 30, 2025 (all figures in Canadian Dollars). Q3 2025 HighlightsAll comparisons below are to the quarter ended September 30, 2024, unless otherwise notedRevenue grew 42% year-over-year to $20.9 million, driven by a 10% increase in accounts YoY and 63% of customers increasing service levels. Gross Profit rose 32% year-over-year to $7.3 million, representing 35% of revenue, compared to $5.5 million and 37% in the prior year. Gross margin was lower in the quarter, driven largely by a sequential decrease in NTGapps software-related revenue as well as typical fluctuations in revenue mix and customer acquisition/retention pricing incentives. Net Income was $1.9 million, or 9% of revenue, compared to $2.1 million or 14% in the prior year. The year-over-year decline reflects the Company beginning to pay taxes in 2025 and a $595 thousand tax accrual in Q3 2025. Adjusted EBITDA was $2.5 million, or 12% of revenue, compared to $3.2 million or 22% of revenue in the prior year. Adjusted EBITDA margins were burdened in the quarter by the hiring of new employees who are expected to be deployed on new contracts towards the end of the year.Operating Cash Flow use of $3.4 million. The usage primarily reflects timing of accounts receivable collections, impacted by two large projects milestone timing. \"We delivered 42% year-over-year revenue growth this quarter, reflecting sustained client demand and consistent execution across our Saudi Arabian operations. Our backlog continues to provide solid visibility into future revenue, and we remain confident in our ability to deliver on full-year revenue guidance,\" said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity.\"We've made deliberate investments in specialized talent and delivery capacity to support contracts expected to advance through client procurement. While it has taken longer to close these contracts, resulting in temporarily elevated SG&A, these investments are directly aligned with our growth strategy...