Spectrum Global Solutions (OTC: SGSI) today reported financial results for the third quarter of 2018. During the fiscal period ended September 30, 2018, the company reported revenue of $9,671,990, a sharp increase from $2,336,376 during the same period of the previous year. SGSI also reported gross profit of $1,604,763 which its attributes to the subsidiaries acquired in April 2017 and February 2018. “Revenue was just under $10 million which reflects consistent growth in our AW Solutions and ADEX subsidiaries. We also reported net income of over $400,000 for the period and earnings per share of .04 on a fully diluted basis,” Spectrum Global Solutions CEO Roger Ponder stated in the news release. “We are experiencing consistent revenue growth from our AW Solutions and ADEX subsidiaries, that is much stronger than the prior year and expect to continue this growth pattern both organically and through strategic, accretive acquisitions.”
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About Spectrum Global Solutions, Inc.
Spectrum Global Solutions operates through its subsidiaries AW Solutions and ADEX Corp. The company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. For more information, visit the company’s website at www.SpectrumGlobalSolutions.com.
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