Total Telcom, Inc. (TTLTF) research, news, and more from GeoInvesting

Company description

Tue, 23 May 2023 12:14:53 GMT

Total Telcom Inc., through its subsidiary, ROM Communications Inc., develops and provides remote asset monitoring and tracking products and services for commercial, industrial, and consumer applications in North America. The company's solutions enable companies and organizations to remotely monitor, track, and control their fixed and mobile assets with a web browser from any Internet enabled PC. It offers web to wireless technology, as well as proprietary 2nd generation hardware and software under the TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX, and AlarmTraX brand names. The company's modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, and various inputs and outputs and interfaced by the user through the Internet. Total Telcom Inc. is headquartered in Kelowna, Canada.

Research

Fri, 29 Nov 2024 16:03:37 GMT

Total Telcom Inc. (OTC:TTLTF) (TSXV:TTZ) ($0.18; $4.8M market cap), announced Q1 2025 results:

Sales of $483,756 vs $342,346 in the prior year
Net income $63,298 vs a loss of $16,262 in the prior year

“Our first-quarter results for fiscal 2025 reflect the team's ability to operate profitably despite ongoing industry challenges. The company continues to maintain a strong cash and working capital position, providing the flexibility to respond to new opportunities or secure material contracts as they arise. Our focus remains on expanding market share by fostering new distribution and manufacturing partnerships and developing remote monitoring products that address evolving customer requirements.”

It seems that revenues have been range bound between $300K to $600K per quarter. As usual, we will keep track of any signs pointing to a potential breakout.

Total Telcom, through its wholly owned subsidiary ROM Communications Inc. is a leading developer and provider of remote asset monitoring, tracking, control, and communication products and services.

Research

Wed, 16 Oct 2024 15:13:26 GMT

Total Telcom Inc. (OTC:TTLTF) (TSXV:TTZ) ($0.18; $4.8M market cap), announced Q4 and full year 2024 results:

Full year sales of $1.97 million vs $$2.39 in the prior year
Full year net income of $291,531 vs $583,024
Q4 sales of $489,415 vs $714,367 in the prior year
Q4 net income $114,195 vs $252,058 in the prior year

“Fiscal 2024 presented challenges as the RV industry experienced a notable decline in demand, impacting our RV product sales. Despite lower sales in RV hardware, we maintained a solid financial footing with a strong cash position and increased interest income partially offsetting the reduced operational income. Throughout the year, we strategically invested in innovation, expanding our product offerings and upgrading our RacingTraX equipment, which positions us for future growth. As we enter the new fiscal year, we remain focused on strengthening our relationships with key customers, distributors, and partners to drive continued growth and success.”

Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring, tracking, control, and communication products and services.

Research

Wed, 29 May 2024 11:15:41 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.20; $5.4M market cap), announced Q3 2024 results:

Sales of $519,612 vs $587,622 in the prior year
Adjusted EPS of $0.002 vs EPS of $0.004 (adjusted for foreign exchange gain)

“Our third-quarter net income remains consistent with Q3 of 2023, primarily due to higher interest income and foreign exchange gains offsetting lower hardware sales. While year-to-date performance is down compared to last year, primarily driven by limited sales in RV hardware, we are encouraged by our strong cash position with $2.8 million in the bank and no debt. We are optimistic that RV hardware sales will resume in coming quarters, and our team continues to work diligently on expanding our business.”

After a temporary bump the company experienced in revenue when they benefited from new contracts on the RV side of the business in early 2023, the growth has since been muted. We don’t understand why growth in the company's new offerings in other areas of business have not materialized. But here is some perspective from their SEDAR filing:

“Management is hopeful that the impact of this decline will be offset by the introduction of the new SatRV product andadditional product enhancements that the Company has been working on with its industry partner. While industry feedback to the new products has been positive there is a time lag before the new controller can be built into the manufacturers’ production runs which has resulted in lower hardware sales for fiscal 2024.

The Company is also experiencing slower than expected sales for the WaterTrax product. Management continues to work with manufacturers and distributors to establish industry partners. While slower than hoped for, management still expects WaterTrax sales to grow in the long term.”

Research

Wed, 28 Feb 2024 16:33:30 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.40; $10.5M market cap), announced Q2 2024 results:

Sales of $619,578 vs $678,370 in the prior year
EPS of $0.004 vs EPS of $0.004

“We are proud to announce another profitable quarter. Revenues for the quarter are lower due to a decrease in RV hardware sales as manufacturers are experiencing a slowdown in demand for recreational vehicles. We have a solid net cash position, underscoring our financial stability, with excess cash being allocated to term deposits. Our teams remain focused on business development activities as we continue to penetrate new markets with our commercialized offerings.”

Research

Fri, 01 Dec 2023 18:41:27 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.31; $8.6M market cap), a company that manufactures and sells remote monitoring products, announced Q1 2024 results which we highlighted yesterday.

Today, we are highlighting the industry outlook section from the company’s SEDAR filing to show Total Telcom’s perspectives on where they stand with respect to growth trends in cellular connectivity technology.

“The Satellite Communication Market is projected to grow from USD $282 million in 2023 to USD $1.13 billion by 2028, growing at a CAGR of 32.1% from 2023 to 2028. Total Telcom is uniquely positioned to deliver solutions that enable its customers and clients to cost-effectively oversee, remotely monitor, track, control and communicate with their fixed and mobile assets from a secured Internet Web portal.

With about 85% of the planet lacking conventional cellular connectivity, the need for solutions that enable online connectivity using satellite technology has expanded. Decreasing manufacturing and deployment costs for satellite networks, combined with recent technological innovations have also enabled usage fees for satellite data transmission to decrease at a rapid rate. These lower operating and connectivity costs for customers will continue to create new opportunities within the Satellite Communications Market, while allowing industries to tap new markets that were previously unavailable.

These positive growth trends will be aided by rising global demand for online connectivity, which has led to a record number of satellites currently being deployed into orbit. By the end of 2022, a total of 7,316 active satellites circled the earth, an increase of approximately 51 percent over 2021 and 321 percent over the past five years. It is estimated that the trend will continue with over 2,500 satellites to be launched on average every year – or 7 satellites a day totaling 24,500 satellites over 2022-2031.”

Research

Thu, 30 Nov 2023 17:46:20 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.40; $10.5M market cap), a company that manufactures and sells remote monitoring products, announced Q1 2024 results:

Sales of $342,346 vs $412,327 in the prior year
Loss of $0.001 vs EPS of $0.005

Neil Magrath, CEO of Total Telcom commented, “This quarter reflects a cyclical dip in RV manufacturing over the summer months, and combined with the timing of RV controller orders, contributed to a slower than anticipated quarter. However, there continues to be strong commercial interest in our RV products which is demonstrated by a third follow-on order subsequent to the quarter end, which has not yet been accounted for in our quarterly results. We continue to focus on expanding our partnerships with our current distributors while cultivating new relationships with additional RV manufacturers and distributors interested in our RV solutions. We have recently experienced an uptick in interest for our Racing-TraX solutions, and we believe this segment is positioned for a record year. Groundwork has also been laid for our Water-TraX products: we’ve received validation of the product’s effectiveness and a first order from a department of the US Armed Forces, and we have also recently forged our first white label manufacturing agreement.”

This quarter marks the first quarter since Q3 of 2022 in which sales decreased year over year.

It appears that delays in orders, as well as the wait for new products to ramp up were the reasons for the light quarter.

Shares have increased 110% since we added it to the Run to One portfolio in May 2023. We expect shares to trickle down or remain flat until new product sales begin to increase.

Unfortunately, the press release omitted further context about management’s future outlook. However the outlook in the Q3 SEDAR filing (Canadian equivalent of SEC filings), while not specific, is somewhat bullish in that it appears management expects important product categories to grow.

The filing also points out a big challenge the company has been facing (and still does) is the marketing power to accelerate growth. Now that the company has launched several new products, it will be putting less dollars into R&D and more into marketing efforts.

It continues to point out that the recurring revenue has reached a breakeven level.

“The quarterly results show that the Company has essentially reached the break-even point from its recurring business and barring any unforeseen circumstances, should continue to see increased profitability from growth in hardware sales as new products are rolled out for full commercialization.”

Management discussion and analysis from filing:

"The quarterly results show that the Company is exposed to fluctuations in both revenues and profitability depending on the level of customer commercial acceptance of the new products that are being rolled out. The results also show the seasonal fluctuations that can occur depending on the timing of off road race management services provided and timing of heater & RV HVAC controller sales. In addition, the results show how the Company is exposed to exchange rate fluctuations between the US and Canadian dollars.

In the first quarter of fiscal 2024 the Company had $25,000 of WaterTrax sales to a new international distributor as management continues to develop a distributor network for this product. Management expects WaterTrax sales will continue to grow as the Company continues to implement its marketing plan for full scale distribution of the product.

During the second quarter of fiscal 2024, the Company also completed development of the SatRV add on to the controllers and management is working with manufacturers to build this add on into the upcoming model year RV production run. Based on the full commercial deployment of the new integrated RV HVAC controller and the addition of SatRV, management expects continued growth in the controller sales market.

The Company completed the development of AlarmTraX in fiscal 2021. This product is a satellite based application that will replace the soon to be obsolete cellular Alarm Point product. Initial customer reaction to this product has been positive and management expects to see sales of AlarmTraX continue to grow in fiscal 2024 as customers convert over to the new technology as the 3G cellular system is phased out."

Marketing Activities

“The Company’s primary cash requirements are for the continued implementation of its marketing strategy to bring its new products to full commercialization. The Company will continue to invest resources in the development of new products and services for specific applications identified for potential new customers, but expects less resources will be spent on product development as more resources are allocated to marketing and customer service roles."

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Research

Wed, 11 Oct 2023 13:48:40 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.38; $9.9M market cap), a company that manufactures and sells remote monitoring products, announced full year 2023 results:

Record revenue of $2.39 million, an increase of 45% driven by continued growth in hardware sales, and communication revenues.
Full year EPS of $0.02 vs $0.01
Q4 2023 sales of $714,000 vs $470,000 in the prior year
Q4 EPS of $0.01 vs $0.005 in the prior year

Neil Magrath, CEO of Total Telcom commented, “By all measures, 2023 was a remarkable year, and Total Telcom has once again demonstrated its leadership in remote asset monitoring and communication solutions. With several commercialized products in the market, of which most have a recurring revenue stream, our business model is demonstrating success. Our teams are focused on expanding our collaborations with distributors and manufacturers to execute our growth strategy across all product lines. The successful launch of our second-generation RV integrated controllers, is an important catalyst in our long-term growth strategy. These new hardware units are being installed and integrated at the RV assembly level, we’ve just announced another important addition to this core technology in Q1, 2024: the SATrv initiative, which allows us to generate recurring subscription-based data communication revenues. In addition we unveiled our unique water, weather and environmental monitoring product Water-TraX in Q2, 2023, which has already proven its global market potential and is receiving promising interest from commercial partners. Our teams’ commitment and dedication to helping solve our clients’ complex challenges continues to be the ultimate driver of our success.”

On May 23, 2023, we added TTLTF to our Run to One model portfolio on the heels of strong order news and a new market the company recently entered that should probably increase the company’s annual revenue run-rate by around 30%.

Research

Tue, 03 Oct 2023 16:14:09 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.38; $9.9M market cap), a company that manufactures and sells remote monitoring products, announced the launch of SATrv, a satellite based telematics system for the recreational vehicle marketplace.

The company announced it has received its first 1000-unit order from a renowned RV supplier.

“Total Telcom will commence shipping hardware for SATrv units in Q1 2024, each of which will include an annual plan for data communication. This complimentary one-year subscription data is integral to Total Telcom’s growth strategy, whereby expanding its install base will facilitate greater long-term recurring subscription data revenues.”

Research

Tue, 05 Sep 2023 13:59:09 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.34; $9.5M market cap), a company that manufactures and sells remote monitoring products, announced it has received an initial order from a US Armed forces agency to conduct sole source testing for its Water-TraX products.

"We’re honoured to receive an initial order and to have been chosen by a US Armed Forces agency for testing and deployment of our Water-TraX solution. There’s no product quite like ours on the market, and becoming a partner of the US Armed Forces is an important validation of Total Telcom’s technology, products and solutions. As our products continue to gain traction in the marketplace, our teams are working to forge new partnerships that will expand our customer network and propel our commercialization strategy forward.”

While there is no order size details, it is nice to see the new product gain traction.

Research

Mon, 10 Jul 2023 16:11:07 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.31; $8.0M market cap), a company that manufactures and sells remote monitoring products, announced it has entered into a private label manufacturing and supply agreement with a leading global instrument technology company for its Water-Trax product and services.

The Agreement will be Total Telecom’s first global product launch and will allow the Company to rapidly expand its customer base and recurring revenues without additional marketing and sales expenditures
Shipments of the firstWater-TraXproducts are expected to commence in fiscal Q1 2024
The Water-TraX product provides Total Telcom with two revenue streams, stemming from both the sale of the Water-TraX hardware and ongoing recurring revenues from corresponding data tracking and monitoring services.

"After dedicating 18 months to the development of our proprietary Water-TraX technology, this pivotal milestone is an example of how quickly our product is gaining industry acceptance and approval. We are working with a number of other major instrument manufacturers, and it is these types of unique partnerships that are key to our growth strategy as they allow Total Telcom to expand into global markets with scale. We are committed to providing our Partner with the most innovative and effective telematics solutions, and we look forward to a productive and successful partnership.”

Now, the contract news today marks their entry into a new product category.

Last week we had a chance to speak with the Company. This development is in line with the growth opportunities we discussed in an interview we conducted with them last week.

Research

Fri, 23 Jun 2023 11:50:48 GMT

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.22; $6.8M market cap) is a company that manufactures and sells remote monitoring products. The company announced it has appointed Paul Andreola to its Board of Directors.

“Mr. Andreola is a highly regarded finance and investment professional with over two decades of experience in capital markets and corporate finance who has helped secure more than $100 million in funding for early-stage private and public companies. Mr. Andreola is currently the CEO and Director of NameSilo Technologies (CSE: URL) and serves as an independent director of Atlas Engineered Products (TSX.V: AEP), and Departure Bay Capital (TSX.V: DBC.P). Previously, Mr. Andreola was a licensed investment advisor and founder of multiple technology companies.

Neil Magrath, CEO of Total Telcom stated, "On behalf of the Board, I am pleased to extend a warm welcome to Paul Andreola, whose extensive knowledge of capital markets and corporate finance will be invaluable as we embark on the next phase of our growth trajectory. With Total Telecom having recently launched several new telematics products, we look forward to leveraging Paul's guidance and strategic insights as the Company continues to mature."

Recall that we recently added the stock to our Run To One Model This Portfolio. The idea was originally brought to Geoinvesting through MS Microcaps. We will also add the stock to the Select Long Model Portfolio.

Research

Tue, 23 May 2023 16:46:11 GMT

**Call To Action - Adding TTLTF To Our Run to One Model Portfolio

On the heels of today’s order news, we decided to add TTLTF to our Run to One portfolio

This decision is supported by CliffsNotes From MS Microcaps (below) published on 6/17/2022 At $0.09.

Total Telcom Inc. (OTC:TTLTF) (TTZ.V) ($0.19; $5.4M market cap) is a company manufactures and sells remote monitoring products in four main segments:

Heaters
Oil & Gas industry
Environmental
Transportation

The news flow is scant on this company and the website offers very little insight into company progress. However, the company does file detailed financial reports on SEDAR.com. They are doing about $1.5M to $2M in revenue derived from product sales and related recurring tracking revenue. So, the key to long term growth is increasing the installed base of devices to drive recurring revenue. Nothing exciting yet, in terms of growth, but notice the sentence about recurring revenue in the comments below, indicating that recurring revenue is reaching a breakeven inflection point: (comments from Q3 fiscal 2022)

"The results of the first three quarters reflect the impact supply chain problems are having on hardware sales. Net income reflects the lower sales volume, increased expenses resulting from the allocation of more resources to sales and marketing efforts, the share-based compensation and a provision for deferred income taxes. The quarterly results generally show flat revenues and lower profits as the Company begins to invest in its marketing efforts to roll out some of its new products that have been developed. Management is confident that these new products will result in long term growth of both sales and income as the new products gain market acceptance. Starting in Q4 of fiscal 2021 the Company’s net income has also been impacted by changes in deferred income tax assets reported by the Company. The quarterly results show that the Company is exposed to fluctuations in both revenues and profitability depending on the level of customer commercial acceptance of the new products that are being rolled out. The results also show the seasonal fluctuations that can occur depending on the timing of off road race management services provided and timing of heater controller sales. In addition, the results show how the Company is exposed to exchange rate fluctuations between the US and Canadian dollars.

Race management services are currently subject to seasonal fluctuations as these services are primarily provided to the off road racing industry that does not run during the summer months. There are no contracts in place to guarantee the race management revenues will be recurring and management is working on expanding this service to other industries to reduce the seasonality of this business segment. However, the quarterly results do show that the Company has essentially reached the break-even point from its recurring business and barring any unforeseen circumstances, ensures that the Company should not incur any significant cash flow burn from operations as it continues to develop new markets in which to grow."

Their revenue/EPS history shows that the company has not exactly grown at a torrid pace over the years.

However, the reason we decided to add the stock to the run to one portfolio was because of two news releases that have occurred since the Cliff Note, indicating that the company is expanding its services to other markets, one of which it expects to add 30% in revenue.

On December 5, 2022 the company introduced a new satellite telemetry system.

On December 15,2022 the company announced it had entered the recreation vehicle market. The company expected revenues to exceed $1 million annually from the new controller product and was processing the first order of $240,000 at that time.

Today’s release is the second order pertaining to the RV product line, valued at $250,000, expected to be filled in the next several weeks and trigger a production run for new orders.

With trailing 12 month EPS of nearly $0.02 CAD, the stock is trading at a P/E or 14.

We have tried reaching out to management several times to try and determine how many other markets the company is exploring and if growth will continue to accelerate.