(NEW YORK)–Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) reports earnings that shows company moving towards becoming profitable.
Get TEXT alerts on hot new stock trades right to your phone
Text INVESTOR to 52236 on your phone to subscribe
– Total revenues for the quarter increased to $1,071,212 from $56,550, a 1894% increase versus the same quarter in the prior year.
– The net loss from operations for the quarter decreased to $77,883 from $1,019,505, a 93.4% decrease versus the same quarter in the prior year.
– The company attended a number of high profile events during the period, including Mobile World Congress in Barcelona, the Pacific Telecom Council and a number of other carrier industry events which contributed to $83,889 in extraordinary marketing expenses.
– 1stPoint Communications, Endstream Communications, Open Data Centers and Shelcomm are consolidated and accretive to Hammer’s Q3 results
– The announcement of our market deployments in Huntsville, AL, Homewood and Birmingham, AL, Sierra Leone and various Caribbean markets
– The progression of the construction of our networks in Sierra Leone and Dominica
– Recent enhancements to the SMS/Messaging network and increased international coverage
“During the second and third quarter Hammer executed on its plans and demonstrated its commitment to the Everything Wireless strategy,” said Mark Stogdill, Hammer’s founder and CTO. The strategy consists of four pillars: high speed fixed wireless technology using Hammer’s patented AIR™ technology (“wireless fiber”), mobility, OTT technology including SMS messaging, and Smart City. The underlying platform of Everything Wireless is Hammer’s wholesale voice and wholesale SMS networks and its data center hosting facilities. “Because of the unparalleled range and speed of Hammer’s AIR Technology and its ability to operate across a very wide range of frequencies, Hammer is uniquely positioned to provide high speed services in markets where other technologies are inefficient,” added Stogdill.
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation.
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Trader Madness does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. In Compliance with SEC Rule 17B Trader Madness was not compensated for this media alert, but does hold a business relationship through its parent company, and thus should be considered a conflict of interest. Trader Madness, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. As of date of this alert, Trader Madness, or any of its affiliates, held no positions in securities mentioned above. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.
Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities
- Vectorspace (VXV) Crypto Coin Big Uses for Quant Hedge Funds - July 1, 2019
- BioHemp (BKIT) Added to Watch List as CBD Distribution Play - June 28, 2019
- Hammer Fiber (HMMR) Moves Towards Profit in Earnings Report - June 27, 2019
- Maybe It’s Time to Automate Politicians to History Bin Using AI - April 21, 2019
- Biopharma Growth Opportunities in China, Thurs. April 4th in NYC - April 2, 2019
- IPO Schedule This Week: MITO KLDO CSTX PSTX - February 4, 2019
- IPO Investor Watch: ANCN HKIT HOTH - February 2, 2019
- CIIX Reports +43% Revenue Growth, CBD Sales Increase 8x over 2018 - January 23, 2019
- AI and Automation Sector Upgraded as Plays Against Next Recession - December 28, 2018
- Mojo Data (MJDS) Offers Cashierless Store Technology - September 25, 2018