XGTI 1.69, XG Technology, Inc. is well positioned a/o today. Per 08/14/17 company has $48m Assets (most are cash on hand and Inventories) vs $19.9m Total Liabilities.
For the Three Months Ended June 30 2017, vs June 30 2016, revenues increased 12 times (from $1.6m to $14m), Net lose Reduced by 80% and will likely to post net income next Earnings.
For the Six Months Ended June 30, 2017 vs June 30,2016 , Net income: $7.6M VS a Lose of ($8.6m).
Insiders been buying Since Aug 31, 2017.
2 weeks ago, IMT Vislink Receives Orders of Approximately $200,000 for HD Airborne Video Downlink System (AVDS) Equipment from Northern California County. "IMT Vislink solutions are the premier choice among public safety agencies seeking to upgrade their surveillance equipment to real-time, high-definition digital video systems," said John Procacci, Vice President of Sales for IMT. "Our solutions are renowned for their reliability, robustness and seamless integration, providing ground-based personnel a strategic and tactical overview of their missions. The impressive AVDS solution wins we have recorded are playing a key role in our continued success in law enforcement, public safety and defense markets."
I can see an impressive reward here. currently trading below Net Assets.
grabbed a starter.
1y Target Est
4.00
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
