WEB NEWS Research
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.
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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.”
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.
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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.”
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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%.
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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.”
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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.
