G8 Communications Ltd (ASX:G8C) continues to expand its revenue and has reached USD$200,000 in cash receivables for the 3rd quarter, which is more than the last two quarters.
Importantly, G8 is set for further revenue expansion with USD$500,000 of inventory ready to be shipped on order.
G8 is a wireless device manufacturer operating in the Internet of Things (IoT) industry and specialises in machine to machine (M2M) connectivity.
The company’s presentations at the recent Cellular Telephone Industries Association (CTIA) trade show in Las Vegas has opened up new sales opportunities.
G8 was able to connect with potential telecommunications distribution and carriers at the trade show.
Further to the AT&T (NYSE:T) certification achieved in August, G8 has been introduced to a number of AT&T enterprise customers at the CTIA trade show.
G8 is now actively working with these customers to develop opportunities for the roll out of G8 products via the AT&T network.
Purchase orders are expected to be confirmed in the next quarter with significant further orders anticipated in early 2017.
Adding interest, evaluation of G8’s new Emu Router ER1000-VZ has begun within Coca Cola (NYSE:KO) for field upgrades of their existing 3G connectivity solutions.
Trials are expected to continue through the end of 2016 with purchase orders of the new cloud based management product expected to commence in the first half of 2017.
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