Added to YB: 2026-09-18
Pitch date: 2026-09-15
NCI.V [bullish]
NTG Clarity Networks Inc.
Author Info
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 17.3M
Pitch Price
N/A
Price Target
0.52
Dividend
N/A
EV/EBITDA
3.45
P/E
3.77
EV/Sales
0.24
Sector
Software
Category
value
Selling at <2x normalized EBIT and below liquidation value - NTG Clarity Networks Inc.
NCI.V: NTG Clarity trades at a $19M market cap and $0.38 per share versus an estimated $26M, or $0.52-per-share, liquidation value, after generating $83M of 2025 revenue and $10.7M of operating income. Offshore delivery may support structurally higher margins, while 99% gross retention and >130% net retention signal sticky customer ties. However, receivables reached $35.7M in the last quarter, five customers drove 71% of 2025 sales, and 2025 cash flow turned negative; if nothing goes NTG’s way, it will likely need to raise capital, diluting shareholders.
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