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Hammer Fiber Optics Holdings Corp. (HMMR)

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0.7200-0.0495 (-6.43%)
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Neutralpattern detected
Previous Close0.7695
Open0.6901
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.6840 - 0.7500
52 Week Range0.0740 - 1.4200
Volume11,243
Avg. Volume72,560
Market Cap39.53M
Beta (5Y Monthly)1.05
PE Ratio (TTM)11.08
EPS (TTM)0.0650
Earnings DateMar 25, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Hammer Fiber Optics Holdings Corp Announces Second Quarter Results and Improves Balance Sheet
    GlobeNewswire

    Hammer Fiber Optics Holdings Corp Announces Second Quarter Results and Improves Balance Sheet

    NEW YORK, March 25, 2021 (GLOBE NEWSWIRE) -- Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the fiscal quarter ended January 31, 2021. In addition to an increase in revenues versus the same period the prior year, Hammer negotiated settlements in two claims, reducing debt on its balance sheet by $4.314 million. Key results include: Total revenues for the quarter were $508,848, a 4.72% increase from the quarter ended October 31, 2020, and a 23.87% increase over the quarter ended January 31, 2020. The increase was due to strong performance from Hammer’s SMS messaging and hosting practices. EBITDA (non-GAAP) loss for the quarter decreased to $30,325, a 74.15% decrease from the quarter ended October 31, 2020, and a 76.77% decrease from the quarter ended January 31, 2020.The Company settled with two creditors of its discontinued subsidiaries, reducing liabilities on the balance sheet by $4.314 million, a 45.45% decrease in liabilities. The settlements totaled $160,000 in cash. The Company will continue to settle its remaining liabilities with creditors in coming quarters.Construction of the first tower location in Huntsville progressed, with fiber having been delivered. Delays due to materials shortages have been resolved and the final live date has been moved to early April.The Company continued to make progress on its HammerCall video conferencing product, including the completion of the final releases of its IOS and Android applications. “We continued to experience organic growth in our Over-the-Top business segment, which includes our hosting, SMS messaging and wholesale voice practices,” said Kristen Vasicek, Hammer’s COO. “These revenue streams will be joined by revenues from the fixed wireless business as we complete our deployment in Huntsville.” In additional to organic growth, the Company significantly improved its balance sheet by settling with two creditors, reducing liabilities by over $4.3 million. “Resolving the Company’s liabilities associated with discontinued operations is one of management’s objectives and this represented a significant milestone,” said Erik Levitt, Hammer’s CEO. “Presenting a strong balance sheet will be key to both operations and the long-term stability of the company as well as any possible future financing.” A further update on our operations will be available via a HammerLive broadcast on Thursday April 8th, 2021 at 2:00PM EDT, and viewable online at https://www.hammercorp.info/hammerlive. About HammerHammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact our Investor Relations Team at info@hammerfiber.com

  • Hammer Fiber Optics Holdings Corp Announces the Release of DominicaVoice
    GlobeNewswire

    Hammer Fiber Optics Holdings Corp Announces the Release of DominicaVoice

    DominicaVoice Webpage DominicaVoice's website homepage is ready to except orders as of February 22, 2021. Please feel free to visit https://dominicavoice.com/page/ to sign up for services. HMMR's photo image, PHOTO/DominicaVoice website homepage NEW YORK, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced that it has released its DominicaVoice calling product, providing less expensive calling options for Dominicans living in the United States. “Calling Dominica has never been this cost effective,” said Kristen Vasicek, Hammer’s COO. “This product provides much needed cost relief for what has been a very expensive service in the past.” The web site for the product is accessible at www.dominicavoice.com and provides a full online customer service and ordering interface. The product also provides Top-Up services, which are very popular in the Caribbean market. Hammer plans to continue leverage the agreements of its wholesale voice subsidiary, Endstream Communications, to expand the service to other Eastern Caribbean markets. “We will continue to expand the reach of our OTT services segment by providing services direct to the consumer, particularly in this key geographical market,” said Erik Levitt, Hammer’s CEO, who is managing Hammer’s efforts in the region. About HammerHammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact our Investor Relations Team at info@hammerfiber.com Forward Looking StatementsThis press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6834dd4e-1b56-4c0d-a1f2-b6186ee642fa

  • Newsfile

    Hammer Fiber Optics Discusses 2021 Growth Potential with The Stock Day Podcast

    Phoenix, Arizona--(Newsfile Corp. - February 10, 2021) - The Stock Day Podcast welcomed Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) ("the Company"), a telecommunications company investing in the future of wireless technology. President and CEO of the Company, Erik Levitt, joined Stock Day host, Everett Jolly. "Can you give us an update on your business plan and where you plan on going from here?", asked Jolly to start the interview. Levitt shared that ...