ORLANDO, FL / ACCESSWIRE / July 17, 2018 / In real estate investing the axiom "Location, Location, Location" is a succinct and prevailing doctrine for success. For emergent public companies, the mantra could well be "Revenue, Revenue, Revenue."
The presence of revenue, even in smaller amounts, confirms or encourages confidence in a number of imperative factors. First and most importantly, revenue suggests that there is a market for a product or service, that businesses or consumers are saying "yes" to the offering.
Additionally important for companies at this nascent point in their development, revenue is critical to sustaining operations, growth and the fuel of future opportunity. And the presence of revenue can greatly decrease or deflect dangerous toxic debt that is so often the death knell of a small cap company.
Over the past few months we've covered the market opportunity and news items for Hammer Fiber Optic Holdings (OTCQB: HMMR) a company aggressively pursuing interests in the fiber optic/optical communication space that is projected to grow to $24 billion by 2023.
And while Hammer has big plans to roll-out a national network with their hybrid technology, today we're focused on the Company's revenue pattern. Hammer's first full fiscal year of revenues was for the period ended July 2017, producing revenues of $82,617. No revenues were earned earlier because the Company was working on the network infrastructure necessary to offer services that they could monetize after.
Additionally, revenues for the 3 month period ending April 30, 2018 were $56,550, but for the 9 month period ending April 30, 2018, they were $146, 525. This can be interpreted as a reflection of a start-up that is increasing its revenues. Clearly, when comparing other earlier comparable periods, the Company has increased revenues.
Assuredly, these numbers aren't tantamount to an Apple quarter, where investors hold their breath to see if the iPhone is holding its own with Samsung. But for believers in the vast opportunity that is Fiber Optic Communications this is a strong indicator that Hammer has cleared some important hurdles, is monetizing its technology and is further along in scaling operations to a head-turning number than aspiring companies who don't have their technology or positive pattern.
About Hammer Fiber
Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Communications, that offers internet, voice, video and data services in New Jersey, through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. The Hammer Wireless Air technology can support a variety of applications including mobile to mobile, wireless DOCSIS, IoT and Smart City support as well as pre-5G network applications. For more information visit http://www.hammerfiber.com or contact Frank Pena at fpena@hammerfiber.com.
For more information on Hammer Fiber Optic Holdings, please visit:
https://www.hammerfiber.com/ or www.hammercomm.com
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SOURCE: Small Cap Sentinel
