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.
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.
Foolish investors willing to take a long-term approach might want to take a closer look now.
