Can Netcomm Wireless Ltd regain its former glory?

The Netcomm Wireless Ltd (ASX: NTC) share price is currently languishing at $1.72, less than half its recent and all-time high of $3.67 reached in November 2015.

Netcomm share price chart 2017

Source: Google Finance

That’s despite several positive announcements since then, including an order from the NBN Co worth an estimated $28 million in February 2017. Netcomm is primarily a manufacturer of fixed wireless devices used by the National Broadband Network, and has contracts with other customers around the world, including Nokia and a US telecommunications carrier that is rolling out broadband services to 400,000 rural premises.

In the first half of the 2017 financial year, Netcomm reported revenues of $47 million, but still produced a reported loss of $1.7 million after tax.

The future might look better than that once the relatively new contracts take effect, and the company generates positive earnings per share from the 2018 financial year.

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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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