Company
Excel
+5.23%
Base:164.4
opening:170
Tall:173
low:170
change:80,046
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Won a tender from a local telecom operator for the sale of fiber optic (Fiber) routers and advanced network equipment, totaling $ 5.5 million for delivery by the end of 2022. This, following a previous contract with the customer for the supply of Broadband Gateway products.
The company estimates that the total deliveries expected under the customer agreement in 2022 will be about $ 10 million. The company believes that following this order it will win additional orders from the customer in a substantial amount of money for the coming years.
Ronen Schur, CEO of Excel Solutions says“Against the background of the Ministry of Communications’ intentions to expand the deployment of fiber optics throughout the country, there is great interest from operators and demand from customers to replace old routers with fiber routers. The company is experiencing increasing interest and demand for advanced fiber routers “And this is and will be a significant growth engine for the company’s operations in 2022 and beyond.”
The company has not yet reported third-quarter results for the year. The last time it published reports, earlier in August of last year, the company reported revenues totaling NIS 29.1 million, compared to revenues of NIS 12.7 million in the corresponding quarter last year. Adjusted net profit in the second quarter amounted to NIS 2.3 million, compared with NIS 0.4 million in the corresponding quarter last year. EBITDA amounted to NIS 3.2 million, compared with NIS 0.9 million in the corresponding quarter last year. Excel is traded on the Tel Aviv Stock Exchange at a value of NIS 195.1 million
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