DTGI - Digerati Technologies (DTGI) - Trying To Move To The Next Level

Q3 above expectations. Revenues of $8.2 million were above our $7 million estimate, largely reflecting one month earlier closing of the NextLevel acquisition. Gross margins improved in the quarter to 61.3%, better than our 60.7% estimate. Adj. EBITDA of $557 million was slightly less than our $617,000 estimate, related to a timing issue for NextLevel's cost synergies. Favorable same store revenue growth. The fiscal Q3 revenue reflected favorable 1.8% sequential quarterly revenue growth from the fiscal second quarter and year over year same store revenue growth of 1.6%. This is compelling given that resources are allocated toward integration and acquisitions and not focused on growing its markets, at this time. As the company gains scale, we believe that the company will ramp up marketing efforts for enhanced in-market growth. Read More >>