Phoenix, Arizona (Newsfile Corp. - June 11, 2021) - The Stock Day Podcast welcomed Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) ("the Company"), a telecommunications company investing in the future
Hammer Fiber Optics Holdings Corp Announces Third Quarter Results and Improves Operating Results
NEW YORK, June 09, 2021 (GLOBE NEWSWIRE) Hammer Fiber Optics Holdings Corp (OTCQB: HMMR)Â announced operating and financial results for the third quarter ended April 30, 2021, substantially improving its operating results, and completing several milestones in its telecommunications segment.
Key results include:
Total revenues for the quarter were $611,237 a 20.12% increase from the quarter ended January 31, 2021, and a 57.17% increase over the quarter ended April 30, 2020, the same period in the prior year. The increase was due to very strong performance in the OTT (âOver the Topâ) market segment which includes its SMS messaging practice, wholesale voice as well as the hosting business.
Hammer Fiber Optics Holdings Corp Announces Financial Results for Quarter Ended October 31, 2020
NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the fiscal quarter ended October 31, 2020.
Key results include:
Total revenues for the quarter were $484,842, increasing over the fourth quarter of Fiscal 2019. The increase was due to strong performance from Hammer’s SMS messaging practice.
EBITDA (non-GAAP) loss for the quarter decreased to $15,572. The company had positive cash flows in the final month of the quarter (unaudited) and anticipates positive cash flow on a forward-looking basis.
Development of the HammerCall video conferencing product has now been completed, and final versions of the mobile applications for IOS and Android will be available in December. Hammer intends to pursue direct sales as well as sales through multiple white label partners.