Kelowna, B.C., November 28, 2024 – TheNewswire - Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset monitoring, tracking, control and communication solutions, today announced financial results for its first quarter of Fiscal 2025 ended September 30, 2024. The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca

 

First Quarter 2025 Highlights

• Revenue for the quarter ended September 30, 2024, was $483,756, compared to $342,346 in the same quarter of the previous year.  

• Hardware revenue for the quarter September 30, 2024, was $189,960, compared to $71,184 in the same quarter of the previous year.  

• Communication or recurring revenue for the quarter September 30, 2024, was $172,145, compared to $168,107 in the same quarter of the previous year.  

• Gross profit for the quarter ended September 30, 2024, was $287,460, compared to $199,346 in the same quarter of the previous year.  

• Net income for the quarter ended September 30, 2024, was $63,298, compared to a loss of $16,262 in the same quarter of the previous year. 

• Cash, cash equivalents, and term deposits as at September 30, 2024, was $2,809,084, compared to cash, cash equivalents, and term deposits of $2,693,272 at September 30, 2023. 

Neil Magrath, CEO of Total Telcom commented, “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.”

Consolidated Statements of Income and Comprehensive Income

For the Quarter Ended September 30, 2024

Click Image To View Full Size

Consolidated Financial Statements of Financial Position

For the Quarter Ended September 30, 2024

Click Image To View Full Size

Consolidated Statements of Cash Flows

For the Quarter Ended September 30, 2024

Click Image To View Full Size

Total Telcom has granted incentive stock options to certain directors, officers, employees, and consultants of the Company to acquire an aggregate of 400,000 common shares in the capital of the Company at an exercise price of $0.25 (the “Options”) in accordance with the Company’s 10% rolling incentive stock option plan. The Options are exercisable for a five-year term. 

About Total Telcom

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.

Total Telcom has a client first history and is known throughout the industry for its innovative advanced technology solutions. The Company 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.

These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, WiFi, RFID and various inputs and outputs. User interface requires NO special APPs or equipment as configuration is facilitated through a wireless WiFi connection to any smartphone, tablet, laptop, or datalogging firmware by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.

Total Telcom offers its customers a suite of products and solutions that are based on proprietary hardware and software.  The Company’s business model allows it to generate multiple revenue streams through the sale of both hardware (products) and recurring monthly service fees (monitoring, tracking, control, and data management). For additional information on Total Telcom, visit www.totaltelcom.com

Contact Information

Neil Magrath, CEO

neil@totaltelcom.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release