NTG Clarity Networks Future Growth

Future criteria checks 5/6

NTG Clarity Networks is forecast to grow earnings and revenue by 27.6% and 29.2% per annum respectively while EPS is expected to grow by 23.9% per annum.

Key information

27.6%

Earnings growth rate

23.9%

EPS growth rate

Software earnings growth	30.0%
Revenue growth rate	29.2%
Future return on equity	n/a
Analyst coverage	Low
Last updated	04 Mar 2025

Recent future growth updates

Recent updates

Slammed 26% NTG Clarity Networks Inc. (CVE:NCI) Screens Well Here But There Might Be A Catch

Apr 05

Largest Ever $53 Million Contract Positions IT Firm For Future Success

Mar 09 Strategic focus on Saudi Arabia's digital transformation and cost-efficient Egypt-based workforce enhances profitability and net margins.

Is NTG Clarity Networks (CVE:NCI) Using Too Much Debt?

Jan 26

With EPS Growth And More, NTG Clarity Networks (CVE:NCI) Makes An Interesting Case

Dec 30

The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 28% But It Can Do More

Dec 04

NTG Clarity Networks Inc. (CVE:NCI) Stock's 30% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Sep 29

Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today

Sep 09

NTG Clarity Networks' (CVE:NCI) Earnings Might Be Weaker Than You Think

Aug 05

The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 44% But It Can Do More

Aug 01

We Think NTG Clarity Networks (CVE:NCI) Can Stay On Top Of Its Debt

Jul 31

NTG Clarity Networks Inc.'s (CVE:NCI) Shares Bounce 47% But Its Business Still Trails The Market

May 31

Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today

May 21

NTG Clarity Networks Inc. (CVE:NCI) Stock Catapults 33% Though Its Price And Business Still Lag The Market

Mar 18

Calculating The Fair Value Of NTG Clarity Networks Inc. (CVE:NCI)

May 31

Earnings and Revenue Growth Forecasts

TSXV:NCI - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	93	12	11	13	1
12/31/2025	75	12	9	11	1
12/31/2024	56	8	3	4	1
9/30/2024	47	6	0	1	N/A
6/30/2024	39	4	0	2	N/A
3/31/2024	33	3	0	2	N/A
12/31/2023	28	2	0	2	N/A
9/30/2023	25	3	1	3	N/A
6/30/2023	22	3	0	2	N/A
3/31/2023	19	2	0	2	N/A
12/31/2022	18	1	1	2	N/A
9/30/2022	16	1	2	4	N/A
6/30/2022	15	1	1	3	N/A
3/31/2022	14	1	1	2	N/A
12/31/2021	12	1	0	2	N/A
9/30/2021	9	1	-1	1	N/A
6/30/2021	9	1	0	2	N/A
3/31/2021	8	-1	1	2	N/A
12/31/2020	8	-2	1	2	N/A
9/30/2020	9	-5	1	1	N/A
6/30/2020	7	-10	1	1	N/A
3/31/2020	7	-9	1	1	N/A
12/31/2019	9	-9	0	0	N/A
9/30/2019	8	-6	0	0	N/A
6/30/2019	11	-1	0	0	N/A
3/31/2019	11	0	0	0	N/A
12/31/2018	12	0	1	1	N/A
9/30/2018	14	0	1	1	N/A
6/30/2018	14	0	N/A	0	N/A
3/31/2018	15	0	N/A	0	N/A
12/31/2017	14	-1	N/A	0	N/A
9/30/2017	11	-9	N/A	0	N/A
6/30/2017	11	-10	N/A	1	N/A
3/31/2017	12	-11	N/A	0	N/A
12/31/2016	11	-12	N/A	1	N/A
9/30/2016	15	-4	N/A	0	N/A
6/30/2016	15	-3	N/A	-1	N/A
3/31/2016	13	-2	N/A	-2	N/A
12/31/2015	16	0	N/A	-1	N/A
9/30/2015	16	1	N/A	1	N/A
6/30/2015	17	1	N/A	1	N/A
3/31/2015	18	2	N/A	1	N/A
12/31/2014	16	1	N/A	-3	N/A
9/30/2014	15	2	N/A	-3	N/A
6/30/2014	14	2	N/A	-3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCI's forecast earnings growth (27.6% per year) is above the savings rate (2.4%).

Earnings vs Market: NCI's earnings (27.6% per year) are forecast to grow faster than the Canadian market (14.9% per year).

High Growth Earnings: NCI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NCI's revenue (29.2% per year) is forecast to grow faster than the Canadian market (5.2% per year).

High Growth Revenue: NCI's revenue (29.2% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if NCI's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/14 10:42
End of Day Share Price	2025/04/14 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NTG Clarity Networks Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Aravinda Galappatthige	Canaccord Genuity

NTG Clarity Networks Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

NTG Clarity Networks Inc. Raises Earnings Guidance for the Year 2024

Recent updates

NTG Clarity Networks Inc. to Report Q4, 2024 Results on Apr 15, 2025

Investor sentiment deteriorates as stock falls 25%

Slammed 26% NTG Clarity Networks Inc. (CVE:NCI) Screens Well Here But There Might Be A Catch

Largest Ever $53 Million Contract Positions IT Firm For Future Success

Investor sentiment deteriorates as stock falls 20%

Investor sentiment improves as stock rises 17%

Is NTG Clarity Networks (CVE:NCI) Using Too Much Debt?

Investor sentiment improves as stock rises 16%

With EPS Growth And More, NTG Clarity Networks (CVE:NCI) Makes An Interesting Case

Investor sentiment improves as stock rises 15%

The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 28% But It Can Do More

Investor sentiment improves as stock rises 21%

Third quarter 2024 earnings released: EPS: CA$0.048 (vs CA$0.021 in 3Q 2023)

NTG Clarity Networks Inc. to Report Q3, 2024 Results on Nov 12, 2024

Investor sentiment improves as stock rises 21%

NTG Clarity Networks Inc. Raises Earnings Guidance for the Year 2024

Investor sentiment deteriorates as stock falls 16%

NTG Clarity Networks Inc. (CVE:NCI) Stock's 30% Dive Might Signal An Opportunity But It Requires Some Scrutiny

NTG Clarity Networks Inc. announced that it expects to receive CAD 6.000001 million in funding

Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today

Independent Director recently sold CA$82k worth of stock

Investor sentiment improves as stock rises 41%

NTG Clarity Networks' (CVE:NCI) Earnings Might Be Weaker Than You Think

Investor sentiment improves as stock rises 18%

The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 44% But It Can Do More

We Think NTG Clarity Networks (CVE:NCI) Can Stay On Top Of Its Debt

Second quarter 2024 earnings released: EPS: CA$0.066 (vs CA$0.03 in 2Q 2023)

NTG Clarity Networks Inc. to Report Q2, 2024 Results on Jul 29, 2024

NTG Clarity Networks Inc.'s (CVE:NCI) Shares Bounce 47% But Its Business Still Trails The Market

Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today

Full year 2023 earnings released: EPS: CA$0.009 (vs CA$0.042 in FY 2022)

NTG Clarity Networks Inc., Annual General Meeting, Jul 09, 2024

NTG Clarity Networks Inc. (CVE:NCI) Stock Catapults 33% Though Its Price And Business Still Lag The Market

Founder exercised options to buy CA$50k worth of stock.

New minor risk - Shareholder dilution

NTG Clarity Networks Inc. announced that it has received CAD 0.84 million in funding from 2729252 Ontario Inc and other investors

Insufficient new directors

Third quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.003 in 3Q 2022)

Second quarter 2023 earnings released: EPS: CA$0.006 (vs CA$0.003 in 2Q 2022)

First quarter 2023 earnings released: EPS: CA$0.007 (vs CA$0.001 in 1Q 2022)

Full year 2022 earnings released: EPS: CA$0.008 (vs CA$0.009 in FY 2021)

Third quarter 2022 earnings released: EPS: CA$0.003 (vs CA$0.002 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CA$0.003 (vs CA$0.004 in 2Q 2021)

Now 28% undervalued after recent price drop

Calculating The Fair Value Of NTG Clarity Networks Inc. (CVE:NCI)

First quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0.003 in 1Q 2021)

Full year 2021 earnings released: EPS: CA$0.009 (vs CA$0.016 loss in FY 2020)

Third quarter 2021 earnings released: EPS CA$0.002 (vs CA$0.002 in 3Q 2020)

No independent directors

NTG Clarity Networks Inc. Introduces the NTGapps Digital Toolbox

NTG Clarity Networks Inc. Receives Multiple POs with Estimated $1.1 Million in Contract Value

NTG Clarity Networks Inc. Receives an Estimated $0.553 Million in Projects

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources