NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Revenues Tracking Over $33M Annually Attributed to Acquisition, Operations

Jan. 4, 2019 12:30 pm


Spectrum Global Solutions (OTC: SGSI), a leading telecommunications engineering and infrastructure services provider, utilizes its growth strategy which includes acquisitions and organic growth through operations. A recent article discussing the company reads, “Spectrum Global Solutions, Inc. (OTC: SGSI), a leading single-source provider of end-to-end, next-generation wireless and wireline network infrastructure and professional service solutions to the service provider (carrier) and corporate enterprise markets, has grown revenues from zero in early 2017 to currently tracking more than $33 million annually, CEO Roger Ponder informed shareholders and investors in a recent 2018 update (http://nnw.fm/4o3YU).  … The SGSI revenue growth has come through acquisition and operations. The company posted revenues of approximately $4.3 million in the first quarter of 2018, with an increase to nearly $11 million in Q2. In the third quarter of 2018, SGSI reported almost $10 million in revenue as it focused on gross margins and net income. Some lower margin contracts that the company inherited from its acquisitions were allowed to expire in favor of higher margin projects, Ponder noted.”

To view the full article, visit: http://nnw.fm/wT1Mb

About Spectrum Global Solutions, Inc.

Spectrum Global Solutions operates through its subsidiaries AW Solutions and ADEX Corp. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. For more information about the company and its technologies, visit the company's  website at www.SpectrumGlobalSolutions.com.

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Source: NetworkNewsWire (January 4, 2019 - 12:30 PM EST)

News by QuoteMedia
www.quotemedia.com


"I work with many of the companies that would be RedChip companies. And we certainly ascribe to the same view that the RedChip Companies do, which is Discovering Tomorrow's Blue Chips Today."

  • Bob McCooey, Senior Vice President, NASDAQ Stock Market