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Hammer Fiber Optics Holdings Corp Announces Third Quarter Results and Improves Operating Results

06/09/2021 - New York, N.Y :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the third quarter ended April 30, 2021, substantially improving its operating results, and completing several milestones in its telecommunications segment.

Key results include:

Total revenues for the quarter were $611,237 a 20.12% increase from the quarter ended January 31, 2021, and a 57.17% increase over the quarter ended April 30, 2020, the same period in the prior year. The increase was due to very strong performance in the OTT (“Over the Top”) market segment which includes its SMS messaging practice, wholesale voice as well as the hosting business.

EBITDA (non-GAAP) for the quarter increased to $15,620. EBITDA loss was $30,325 for the quarter ended January 31, 2021, and a loss of $53,435 for the period ended April 30, 2020.

Construction of the first tower location in Huntsville, AL is now complete and the company has begun its marketing efforts. It is anticipated that the network will have a positive contribution to operations in the third quarter.

The Company continued to develop its HammerCall platform, including working with white label resellers on branded versions of the application. Users that are already on the platform have been reporting strong performance. HammerCall licenses will be included in certain fixed wireless packages, which will promote the application.

“We are now beginning to see the benefit of the platform that we have established,” said Kristen Vasicek, Hammer’s COO. “The OTT business continues to grow organically and Hammer’s telecommunications practice will be well positioned to respond to opportunities as markets continue to recover.”

In addition to strong growth from the OTT segment, Hammer also announced that it has completed construction of the first tower site in Huntsville, AL. “We are very pleased to announce Hammer’s return to the fixed wireless market. We are leveraging our strong brand recognition in the northern Alabama market to launch our wireless service for both the residential and business segments,” said Erik Levitt, Hammer’s CEO. “This is a significant milestone in Hammer’s Everything Wireless strategy, the core of Hammer’s telecommunications business.”

Hammer continued to round out its OTT offerings with continuing development of its HammerCall platform, targeted toward video conferencing and collaboration. This included the production release of its IOS and Android applications. The Company also continued to work with its partners to develop white labelled versions of the application.

A further update on our operations will be available via a HammerLive broadcast on Tuesday June 15^th, 2021 at 4:00PM EDT, and viewable online at https://www.hammercorp.info/hammerlive.

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact our Investor Relations Team at info@hammerfiber.com

4/8/2021 HAMMER Live Stream

04/08/2021 - New York, N.Y. :

Video here: https://www.youtube.com/watch?v=cMg00KHTpCM

Hammer Fiber Optics Holdings Corp Announces Second Quarter Results and Improves Balance Sheet

03/25/2021 - New York, N.Y :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the fiscal quarter ended January 31, 2021. In addition to an increase in revenues versus the same period the prior year, Hammer negotiated settlements in two claims, reducing debt on its balance sheet by $4.314 million.

Key results include:

Total revenues for the quarter were $508,848, a 4.72% increase from the quarter ended October 31, 2020, and a 23.87% increase over the quarter ended January 31, 2020. The increase was due to strong performance from Hammer’s SMS messaging and hosting practices.

EBITDA (non-GAAP) loss for the quarter decreased to $30,325, a 74.15% decrease from the quarter ended October 31, 2020, and a 76.77% decrease from the quarter ended January 31, 2020.

The Company settled with two creditors of its discontinued subsidiaries, reducing liabilities on the balance sheet by $4.314 million, a 45.45% decrease in liabilities. The settlements totaled $160,000 in cash. The Company will continue to settle its remaining liabilities with creditors in coming quarters.

Construction of the first tower location in Huntsville progressed, with fiber having been delivered. Delays due to materials shortages have been resolved and the final live date has been moved to early April.

The Company continued to make progress on its HammerCall video conferencing product, including the completion of the final releases of its IOS and Android applications.

“We continued to experience organic growth in our Over-the-Top business segment, which includes our hosting, SMS messaging and wholesale voice practices,” said Kristen Vasicek, Hammer’s COO. “These revenue streams will be joined by revenues from the fixed wireless business as we complete our deployment in Huntsville.”

In additional to organic growth, the Company significantly improved its balance sheet by settling with two creditors, reducing liabilities by over $4.3 million. “Resolving the Company’s liabilities associated with discontinued operations is one of management’s objectives and this represented a significant milestone,” said Erik Levitt, Hammer’s CEO. “Presenting a strong balance sheet will be key to both operations and the long-term stability of the company as well as any possible future financing.”

A further update on our operations will be available via a HammerLive broadcast on Thursday April 8^th, 2021 at 2:00PM EDT, and viewable online at https://www.hammercorp.info/hammerlive.

Hammer Fiber Optics Holdings Corp Announces the Release of DominicaVoice

02/25/2021 - New York, N.Y. :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced that it has released its DominicaVoice calling product, providing less expensive calling options for Dominicans living in the United States.

“Calling Dominica has never been this cost effective,” said Kristen Vasicek, Hammer’s COO. “This product provides much needed cost relief for what has been a very expensive service in the past.” The web site for the product is accessible at www.dominicavoice.com and provides a full online customer service and ordering interface. The product also provides Top-Up services, which are very popular in the Caribbean market.

Hammer plans to continue leverage the agreements of its wholesale voice subsidiary, Endstream Communications, to expand the service to other Eastern Caribbean markets. “We will continue to expand the reach of our OTT services segment by providing services direct to the consumer, particularly in this key geographical market” said Erik Levitt, Hammer’s CEO, who is managing Hammer’s efforts in the region.

Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995

Hammer Fiber Optics Discusses 2021 Growth Potential with The Stock Day Podcast (HMMR)

02/14/2021 - New York, N.Y. :

The Stock Day Podcast welcomed Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) (“the Company”), a telecommunications company investing in the future of wireless technology. President and CEO of the Company, Erik Levitt, joined Stock Day host, Everett Jolly.

“Can you give us an update on your business plan and where you plan on going from here?”, asked Jolly to start the interview. Levitt shared that the Company’s business plan is made up of four primary divisions: a high-speed fixed wireless service, mobility, Over-The-Top (OTT) services, and SmartyCity. “Our plan continues to move forward on many fronts,” said Levitt. “Our OTT continues to grow, and we have several commitments from new and existing platform members that will begin in the coming quarter.”

“Our new product in OTT is HammerCall,” shared Levitt, noting that the website for this service is now live. “Test customers have been using HammerCall, which is our video and collaboration service, for some time now,” he continued, adding that the Company’s target market will primarily focus on small businesses with the need for one to twenty users. “Our cost per customer is quite low,” explained Levitt, before elaborating on the Company’s profit margins for both standard and wholesale customers.

“On our international segment, our new service in Dominica is progressing quite well, and our launch is underway,” shared Levitt. “We’ll soon have our new business segment, dominicavoice.com, available in the early-February timeframe.”

“The most significant news is on the fixed wireless front,” said Levitt. “We’re going to be reentering the fixed wireless market and we’re adding customers to our new Huntsville, Alabama network,” he continued. “Investors should anticipate that revenues from the fixed wireless business should overtake our OTT segment.”

“Can you provide us an update on the Huntsville, Alabama network?,” asked Jolly. “All of our agreements are in place, our first site is ready-to-go, the equipment orders are in place, and we’re temporarily holding pre-orders until we have that site complete, but in the meantime we’ve been very actively working on the new website to accept orders and on building our pipeline,” explained Levitt, adding that the Company currently has over 300 backorders in their pipeline. “We’re expecting to be contacting over 1,000 potential customers that have expressed interest within the first three months.”

Levitt then elaborated on the competitive advantages of the Company’s OTT service. “We’ll be offering a basic package to residential customers and a more advanced package for small businesses and higher volume residential customers, as well as a third package to buildings that are multi-dwell units where we can service the entire building with one wireless shot,” said Levitt. “We’re ready-to-go and once our fiber arrives at the Lowe Mill, we plan to hit the ground running.”

The conversation then turned to the importance of having access to wireless resources, including the possibility of being able to utilize 12 GHz, which has been traditionally used by satellite providers, in the near future. “They’re considering opening that up for use of high-volume services such as 5G. There’s also progress on CBRS, Citizens Broadband Radio Service, which is also beneficial to Hammer and other wireless service providers in the long-run,” said Levitt. “We hope that the FCC is going to continue to expand the frequencies available in CBRS because the more spectrum allocation we have, the more bandwidth we can deliver to users.”

“Under the current pandemic conditions, we continue to see bandwidth usage skyrocketing, and that’s going to continue into the foreseeable future,” said Levitt. “We don’t anticipate that a lot of businesses are going to return to the office. The trends have always been that we’ve been moving more towards the virtual office, and really the pandemic has increased that trend probably by a decade.”

Jolly then commented on the Company’s significant growth over a short period of time. “We certainly appreciate that our investors have been patient,” shared Levitt. “These things do take time to develop, but we’re starting to see now that we’re on the cusp of potentially explosive growth,” said Levitt. “We’re now growing into three of the four segments that are part of our Everything Wireless strategy. So, I think that the market is responding to that and we’re very excited to see growth in our stock.”

To close the interview, Levitt thanked his shareholders, board members, and team members for their continued dedication and support. “We’ve put a lot of work into the pieces of the Everything Wireless strategy and we’re really looking forward to what is going to come in the coming quarters.”

To hear Erik Levitt’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7796472-hammer-fiber-optics-discusses-2021-growth-potential-with-the-stock-day-podcast.

Investors Hangout is a proud sponsor of “Stock Day,” and Stock Day Media encourages listeners to visit the Company’s message board at https://investorshangout.com/.

About Hammer

Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact our Investor Relations Team at info@hammerfiber.com.

About The “Stock Day” Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.

SOURCE:
Stock Day Media
(602) 821-1102

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74126

Stock Day Media Interview with Erik Levitt

12/27/2020 - New York, N.Y. :

https://www.youtube.com/watch?v=4kmo3xn2NT0

12-22-2020 HMMR Update

12/22/2020 - New York, NY :

Watch the stream here:

https://www.youtube.com/embed/B6BbdahHapA

Hammer Fiber Optics Holdings Corp Announces Financial Results for Quarter Ended October 31, 2020

12/16/2020 - New York, N.Y :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the fiscal quarter ended October 31, 2020.

Key results include:

Total revenues for the quarter were $484,842, increasing over the fourth quarter of Fiscal 2019. The increase was due to strong performance from Hammer’s SMS messaging practice.

EBITDA (non-GAAP) loss for the quarter decreased to $15,572. The company had positive cash flows in the final month of the quarter (unaudited) and anticipates positive cash flow on a forward-looking basis.

Development of the HammerCall video conferencing product has now been completed, and final versions of the mobile applications for IOS and Android will be available in December. Hammer intends to pursue direct sales as well as sales through multiple white label partners.

During the period the company began construction of its first tower location in Huntsville, AL. Fiber construction is currently in progress and the on-premise construction is nearing completion. The project is currently operating on schedule and the network is scheduled for a soft launch in late December 2020.

Rollout of a retail international voice product to address the needs of the Dominica market is now complete, with a soft launch in late December 2020.

“Turning the corner to positive cash flows through organic growth has been one of our key operational targets,” said Erik Levitt, Hammer’s CEO. “With construction in progress in Huntsville, the completion of our initial retail products geared toward our Dominica market, and the final phases of the development of HammerCall, we will now begin to see revenues from these key sources moving forward. We also continue to see strong growth in our messaging segment.”

A further update on our operations will be available via a HammerLive broadcast on Tuesday December 22^st, 2020 at 2:00PM EST, and viewable online at https://www.hammercorp.info/hammerlive.