Spectrum Global Solutions (OTCQB: SGSI), a leading provider of telecommunications engineering and infrastructure services and solutions, recently reported first quarter 2019 revenues of $11,335,732, demonstrating a sharp increase from $4,327,764 for the same period of the previous year (http://nnw.fm/WQc71). The company attributes the growth to its bundling of services and the lack of qualified services firms in the rising telecommunications market. An article discussing the company reads, “The combined gross profit reported in Q1 from subsidiaries acquired in April 2017, February 2018 and January 2019 was $2,511,567, marking a 22.2 percent gross profit increase. By comparison, in the first quarter of 2018, the company’s gross profit was $543,244. . . . SGSI sees market growth in future 5G implementation from telecom companies, as well as ongoing 4G network upgrades. The company has positioned itself to gain more market share and will seek to maximize cross-selling opportunities by leveraging services and relationships with clients of operating subsidiaries. The peak in market installation demand and low number of qualified services firms could result in SGSI expanding 2019 revenues, driven by strategic, accretive acquisitions and organic growth.”
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions operates through its subsidiaries: AW Solutions, ADEX Corp and TNS. The company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and the Caribbean. For more information, visit the company’s website at www.SpectrumGlobalSolutions.com.
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