Spectrum Global Solutions (OTCQB: SGSI), a leading
single-source provider of next-generation communications network infrastructure
and maintenance solutions, announced that it obtained $3.7 million in new
contracts during the second quarter of 2019 (http://ibn.fm/HagGQ). An article discussing the company
reads, “During the second quarter of 2019, Spectrum witnessed strong revenue
growth. Its total revenues reached $19.7 million, marking an increase of 29% on
a quarterly basis. Gross profit during the second quarter was $1.2 million, or
13.9% of revenues. . . . The company brought down general and administrative
expenses for Q2 2019 to $1 million (a reduction of 38% on an annual basis).
Operating loss for the second quarter of the year went down by 21% on an annual
basis.”
To view the full article, visit http://ibn.fm/O6F7r
About Spectrum Global Solutions Inc.
Spectrum Global Solutions is a leading single-source
provider of next-generation communications network infrastructure and
maintenance solutions. Spectrum’s highly scalable platform model, proven out
through engagements with tier-1 network operators in the United States, Canada
and the Caribbean, uniquely allows for the bundling of disparate services with
a single provider, simplifying network deployment and maintenance with a
comprehensive, cost-competitive, one-stop-shop solution. For more information,
visit the company’s website at www.SpectrumGlobalSolutions.com.
NOTE TO INVESTORS: The latest news and updates
relating to SGSI are available in the company’s newsroom at http://ibn.fm/SGSI
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