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.”
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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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