FTE Networks, Inc. (FTNW) Guides for $55M in Revenues on Strong Project Pipeline
FTE Networks (OTCQX: FTNW) this morning provided 12-month revenue guidance and pegged its current contract pipeline at approximately $166 million. The network infrastructure solutions provider said it expects the contracted projects – awarded during the first nine months of 2016 - to generate in excess of $55 million in annualized revenue from 2017 to 2019. "We will continue to see a ramp up in revenues as we head into 2017 and beyond as our new management team works on a number of new higher margin initiatives such as Compute-to-the-Edge which is the next wave of telecom. We are currently engaged…