Spectrum Global Solutions Inc. (SGSI) Reports Multimillion-Dollar Revenue in First Quarter with Positive Income

May 20, 2019 10:54:41
  • SGSI reported revenue of $11,335,732 for Q1 2019, as compared to $4,327,764 from Q1 2018
  • The company’s CEO said that its first quarter with positive income from operations reflects “continued improvements” in business
  • SGSI reported income from Q1 2019 operations of $14,699, as compared to a loss of $743,491 from operations in Q1 2018

Spectrum Global Solutions Inc. (OTCQB: SGSI) in Q1 2019 reported its first quarter with positive income from operations. For the three months ended March 31, 2019, SGSI reported revenues of $11,335,732, as compared to sales of $4,327,764 the first quarter of 2018. In 2019, the company showed its first quarterly income from continuing operations of $14,699, as compared to a loss from operations of $743,491 during the same period in 2018 (http://nnw.fm/WQc71).

“Revenue was just over $11.3 million, which reflects consistent growth in our AW solutions, ADEX and TNS subsidiaries,” SGSI CEO Roger Ponder stated in a…

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