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financial results after the market closes on Tuesday, November 14, 2017.
love it. steady climb continues.
xG Technology and Tesacom Sign Memorandum of Understanding to Provide Mobile Broadband and Video Communications Solutions in ...
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XG Technology, Inc. (NASDAQ:XGTI)
Intraday Stock Chart
Today : Tuesday 7 November 2017
Click Here for more XG Technology, Inc. Charts.
SARASOTA, Fla., Nov. 7, 2017 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, announced today that is has signed a Memorandum of Understanding ("MoU") with Buenos Aires-based Tesacom for the resale of xMax, IMT and Vislink products and solutions in Latin America. The market focus of the agreement will be the defense, security and commercial sectors, in particular for use in remote and challenging environments.
Tesacom is the leading provider of remote area integrated telecommunications solutions in Latin America, and has a significant presence in numerous countries in the region. They are a prominent supplier to many key government and commercial sectors, including military, maritime, oil & gas, agriculture, first responder, mining and transportation.
The MoU establishes a framework for xG Technology and Tesacom to collaborate on local business opportunities for the xMax mobile broadband solution, for which Tesacom will play the lead role in identifying. xG Technology and Tesacom will jointly develop a roadmap for deploying xMax technology in situations where its advantages solve key business challenges, and will work together in areas including equipment selection, network and installation planning, training and maintenance.
To this end, engineering and other technical staff from xG Technology and IMT Vislink have recently conducted onsite training for Tesacom technical representatives in Buenos Aires, Argentina.
George Schmitt, Executive Chairman and CEO of xG Technology, said, "xG Technology is pleased to undertake this agreement with an esteemed company like Tesacom. It represents a major endorsement of the xMax system as one that is compelling in environments where traditional systems have limitations. We are delighted to work together with Tesacom to identify opportunities to develop and deploy solutions that allow the leverage the benefits of the xMax, IMT and Vislink product lines in Latin American markets, and we look forward to collaborating them."
For his part, Mr. José Sanches Elía, CEO of Tesacom, added, "This agreement will allow us to offer rapidly-deployable communications services that deliver the maximum security and interference resistance for events and situations that demand these features." He added, "The agreement signed with xG is a sign of confidence in our experience and track record throughout the region."
The xMax system offers important benefits for Latin American markets, with special appeal for military and public safety communications, as well as rural and remote deployments. It was designed to be an on-demand, mobile broadband solution resilient enough to ensure communications capabilities in challenging wireless environments. xMax has been optimized for long range and difficult propagation conditions, making it ideal for use in underserved areas of Latin America where there are no viable options for mobile broadband services. Because the xMax platform is built on an all-IP architecture, it is highly interoperable with existing hardware, software and network systems. Moreover, xMax is a rapidly deployable system, making it highly adaptable in urban, suburban and rural Latin America locations.
In addition to partnering on xMax mobile broadband system projects, xG and Tesacom will explore opportunities for the sale of IMT and Vislink equipment in Latin America. IMT and Vislink are well established brands in the delivery of secure video communications and mission-critical solutions for law enforcement, defense and homeland security applications around the world. This includes manned and unmanned aerial and ground systems, mobile and handheld receive systems and transmitters for concealed video surveillance.
XGTI continues to build value here. steady move.
XGTI 1.5 +5%. agree
XGTI trying to break out.
Seems like big employee incentive plan, diluting the share structure by ~15%...might have to add shares are available a little lower
interesting news. thanks. at some point XGTI will get the attention
thanks buckiii2, I do like the potential here beside recent impressive earnings (XGTI actually a profitable company these days), working w/defense markets is another big plus these days.
MILIPOL
Industry: Public Safety/Law Enforcement/Defense
Nov. 21-24, 2017
Paris, France
Event website
What was that shennanagan? Got a stink bid filled though!
Disappointing they diluted into the good news. Kept half my shares from the little run, bad close today back below the 200ma
* * $XGTI Video Chart 10-11-17 * *
Link to Video - click here to watch the technical chart video
Good news right before close.
NEP UK Places Order for $535,000 for Latest Vislink HEVC 4K-Capable HCAM Wireless Camera Systems with Focal Point Camera Control
PR Newswire PR NewswireOctober 11, 2017
Will be Used at the Winter Olympics in South Korea in February 2018 and at the Commonwealth Games in Australia in August 2018
SARASOTA, Fla., Oct. 11, 2017 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, announced that its Vislink business has received a $535,000 order from NEP UK for the latest Vislink HEVC (High Efficiency Video Coding) 4K-capable HCAM Wireless Camera Systems with Focal Point Camera Control. The systems will be used at the Winter Olympics in South Korea in February 2018 and at The Commonwealth Games in Australia in August 2018.
"This commitment from NEP further solidifies our relationship, and continues to highlight the market confidence in the HCAM with pre-orders now over $2 million. I'm delighted with our progress and how our relationship with NEP continues to grow globally," said James Walton, president of IMT, Ltd. and head of all IMT and Vislink business operations outside of the Americas.
The Vislink HCAM represents the next generation of HEVC 4K UHD wireless transmitters capable of supporting premium live broadcast events, and continues Vislink's tradition of innovative, high-performance wireless camera systems. HCAM permits 4K UHD wireless video with a 70ms latency via Vislink's world- leading RF modulation.
1.92 +4%. so strong. Broke both MA50 & MA200. long term
Didn't buy for this catalyst. I bought in the morning for a longer trade
1st qtr 900% growth 2nd 742% this er we know they had record august th e n pan deal 1000%plus
john92
John StockTwits.
big contract announcements coming if you ask me. make alot of sense, more capital to fulfill a DoD contract order for only small shares (about 7% of O/S). $20m+ cap for a company that already doing $24m, is a gift.
"Record quarterly revenues of $14.2 million and record first half revenues of $23.6 million (or $7.6m Net income vs $8.6m lose), which contributed to positive cash generated from operations and improved liquidity for the six months ended June 30, 2017".+
began to aggressively release new products that solidify their technology leadership.
http://www.prnewswire.com/news-releases/xg-technology-reports-second-quarter-and-first-half-2017-results-and-conference-call-300504162.html
That "net income" was only because they used an accounting trick called "gain on bargain purchase". It isn't real money. It's merely the difference between what they paid for an asset and what somebody says that asset is worth. Without this accounting trick they're clearly operating in the red. And look at the three-month numbers -- they're back in the red without the big GOBP. They've always operated at a net loss, which explains why they continue to issue new shares. (Notice today's S-1?)
They make their money selling stock. Their hardware/software/IP business is just incidental.
liking the way company is expending. Small shares will be added thru s1 news and additional tradable shares will be less than 800k. $20m+ market cap for a company that posted $7.6m net income for 6 months vs almost $9m lose, is pretty low. Expecting another revenues boost next earnings and DoD contract could hit anytime per company.
How did you guys catch that news that early ?1.71 ? I got that news in real time but entry was $1.76 ;) what you use
Full DD ( inside). In yesterday 1.7. Golden crossed today broke both ma50& ma200 on several times average volume. Today's news is just the start. Waiting also DoD contract. Trading under net assets post amazing earnings which revenues increased 12 times. Insiders buying too and heading to $4 per analysts.
http://bangaloreweekly.com/2017-10-09-xg-technology-inc-xgti-given-a-4-00-price-target-at-roth-capital/
Today's news: IMT Vislink Introduces MicroLite 2 HD Ultra-Compact COFDM Wireless Video Transmitter... http://www.prnewswire.com/news-releases/imt-vislink-introduces-microlite-2-hd-ultra-compact-cofdm-wireless-video-transmitter-300534219.html
DD: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135245773
News out, thanks ash! Bought today because I saw ur post and did some DD. In at 1.71 :)
XGTI $XGTI
Good solid orders coming in and good revenue momentum going.
Stock Alert xG Technology, Inc. (NASDAQ: $XGTI )
https://lenoxledger.com/pre-bell-stock-alert-on-heat-biologics-inc-nasdaqhtbx-and-xg-technology-inc-nasdaqxgti/
Forgot: Ongoing BIRTV in Bejing, China ..
.. knowing China brings a constant revenue stream for Vislink.
- BIRTV, a must attend-event
- BIRTV: Booth
- BIRTV: 1.5m Newswift antenna
Updates: Vanguard, Catalysts, SI, Chart Progress, Blog, ..
- Vanguard loaded 155k shares until 6/30, filed 8/24
assuming they & others continued and/or will continue loading in the reversal uptrend
- Participation in IBC2017 and DoD Contract in September,
expecting a run-up into these catalysts as usual, especially from the current higher lows - stair stepping up.
- SI kept stable until 8/15, relative reduction
Bullish Reversal In Progress, Finally
01 posted on ST a long term fibo retracement of 3.61 -> 1.28 covering the whole uptrend recovery since 2016-12-29.
xG Technology Reports Second Quarter and First Half 2017 Results
SARASOTA, FL—August 14, 2017 —xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, announced its second quarter and first half 2017 results. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below. Management will hold a conference call to discuss these results on Wednesday, August 16, 2017 at 5:00 p.m. Eastern Time (details below).
Key Recent Accomplishments by xG Businesses
•Record quarterly revenues of $14.2 million and record first half revenues of $23.6 million which contributed to positive cash generated from operations and improved liquidity for the six months ended June 30, 2017.
•Introduced the Nulinx-IP Compact, a self-contained point-to-point, bi-directional microwave link.
•Unveiled the new HCAM, the next generation of HEVC 4K UHD wireless camera transmitters.
•Introduced the SatWare remote reporting computing platform to the North American market.
•Received an order valued at approximately $1.2 million for wireless camera systems from a major worldwide news organization.
•Received orders valued at over $700,000 for HD airborne video downlink systems from county law enforcement agencies located in California and Florida and the mid-Atlantic region.
•Was granted a new patent covering an innovative method for enhancing the resilience of communications systems in the face of harmful interference.
•Received orders valued at approximately $250,000 from prominent local television stations for high-performance digital microwave systems.
•Provided wireless camera transmission capabilities to support the live stream broadcast of the largest sailing event in the world.
George Schmitt, CEO and Chairman of the Board of xG Technology, said, “In the second quarter we experienced record revenue among our brands and recorded an impressive string of new business wins in the broadcasting and law enforcement fields, as well as seeing success in new markets, including medical device technology. We also began to aggressively release new products that solidify our technology leadership.”
Mr. Schmitt continued, “Having successfully completed the acquisitions of Vislink and IMT and the integration of operations by our senior management ahead of schedule contributed to positive cash generated from operations and improved our liquidity for the six months ended June 30, 2017. We are now working on consolidating our financial systems in tandem with identifying and seizing profitable new business opportunities. Our record first half year puts us in an excellent position to capitalize on further growth through the remainder of 2017.”
Roger Branton, CFO and co-founder of xG Technology, said, “We are pleased to report that we had record quarterly revenue of $14.2 million in Q2 and a record $23.6 million for the first half. An adverse movement in the British Pound to US Dollar exchange rate reduced revenues by approximately $424,000, otherwise revenue was $14.6 million for the quarter. We ended the six months June 30, 2017 with $4.7 million in cash, positive cash flow from operations and a substantial improvement in positive working capital of approximately $18 million.”
Mr. Branton continued, “Our first half results include a preliminary bargain purchase gain prepared by an independent valuation firm related to the Vislink acquisition of $15.5 million, which is an increase for the quarter of $3.7 million. Our results also include significant one-time charges related to purchase price amortization, acquisition related expenses and restructuring expenses that when excluded from our results, we reported positive net income and earnings before interest, taxes, depreciation and amortization.”
GAAP RESULTS
•Gross margins were 31.8% of revenue in the second quarter 2017, compared to 50.8% of revenue in the second quarter of 2016. (Excluding one-time purchase price amortization charges, gross margins were 44.5% for the second quarter 2017, which was consistent with our current product mix. Please see further explanation in Non-GAAP Results below).
•Revenues for the three and six months ended June 30, 2017 were $14.2 million and $23.6 million compared to $1.7 million and $2.6 million in the corresponding periods in 2016.
•For the three and six months ended June 30, 2017, the Company had a net loss of $1 million and net income of $7.3 million, respectively. This compares to net losses of $4.6 million and $8.6 million for the three and six months ended June 30, 2016.
•Net loss attributable to common shareholders was $1 million, or $(.09) per share in the second quarter of 2017 compared to a net loss of $6.0 million, or $(9.80) per share in the second quarter of 2016. Net income attributable to common shareholders was $7.3 million, or $.69 per share for the six months ended June 30, 2017 compared to a net loss of $10.4 million, or $(25.43) per share for the six months ended June 30, 2016.
•xG ended second quarter 2017 with $4.7 million in cash compared to $9.1 million at December 31, 2016 and $4.6 million at the end of the first quarter of 2017.
•Earnings before interest, taxes, depreciation and amortization (“EBITDA”) was a positive $149,000 and $9.9 million for the three and six months ended June 30, 2017.
NON-GAAP RESULTS
•Gross margins were 44.5% of revenue in the second quarter 2017, compared to 50.8% of revenue in the second quarter of 2016.
•Revenues for the three and six months ended June 30, 2017 were $14.6 million and $24.3 million compared to $1.7 million and $2.6 million in the corresponding periods in 2016.
•For the three and six months ended June 30, 2017, the Company had a net income of $3 million in the second quarter and net income of $15 million for the six months ended June 30, 2017. This compares to net losses of $4.6 million and $8.6 million for the three and six months ended June 30, 2016, respectively.
•Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) was $3.8 million and $17 million for the three and six months ended June 30, 2017, respectively.
NON-GAAP FINANCIAL MEASURES
We disclose non-GAAP financial measures as we believe they provide useful information on actual operating performance. Readers are cautioned that non-GAAP financial measures do not have any standardized meaning prescribed by U.S. GAAP and therefore may not be comparable to similar measures presented by other companies.
Non-GAAP gross margin excludes the impact of purchase price amortization on the step up of assets as a result of the preliminary bargain purchase gain and the impact of foreign exchange gains or losses.
Non-GAAP income (loss) from operations excludes the impact of purchase price amortization related to the Vislink acquisition, acquisition-related expenses and restructuring expenses.
We use the above-noted non-GAAP financial measures for planning purposes and to allow us to assess the performance of our business before including the impacts of the items noted above as they affect the comparability of our financial results. These non-GAAP measures are reviewed regularly by management and the Board of Directors as part of the ongoing internal assessment of our operating performance. Adjusted EBITDA is defined as net income (loss) plus purchase price amortization, acquisition-related expense, restructuring expense, depreciation and amortization, foreign exchange gains or losses and interest expense.
Adjusted EBITDA is a metric used by investors and analysts for valuation purposes and we believe that it is an important indicator of our operating performance.
Financial Results Conference Call
xG management will hold a conference call to discuss xG’s Q2 2017 results on Wednesday, August 16, 2017 at 5:00 p.m. Eastern Time. To participate in the conference call, please call 1-844-825-9789 (toll free) or 1-412-317-5169 (international call-in) and ask to join the xG Technology call. The call will also be simultaneously webcast. Listeners can access the webcast live through the company’s website at http://www.xgtechnology.com/about-xg-technology/investor-information/. For those who cannot participate in the call, an audio replay will be available on xG’s website.
About xG Technology, Inc.
xG Technology’s brands provide wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in challenging environments. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.
IMT has pioneered advanced digital microwave systems and is a trusted supplier to broadcast, sports and entertainment, and MAG (Military, Aerospace & Government) markets. Their products are recognized for their high level of performance, reliability, build quality, extended operating ranges and compact form factors. More information about IMT can be found at www.imt-solutions.com. Vislink specializes in the wireless capture, delivery and management of secure, high-quality, live video, and serves broadcast & media and public safety & surveillance markets. More information about Vislink can be found at http://www.vislink.com/.
xMax is a secure, rapid-deploy mobile broadband system that delivers mission-assured wireless connectivity in demanding operating environments. It was designed to serve as an expeditionary and critical communications network for use in unpredictable scenarios and during fluid situations, making it ideal for disaster response, emergency communications, and defense applications. More information about xMax can be found at http://www.xgtechnology.com/system-overview/. In addition to the above business lines, xG has a dedicated Federal Sector Group (xG Federal) focused on providing next-generation spectrum sharing solutions to national defense, scientific research and other federal organizations. Additional information about xG Federal can be found at http://www.xgtechnology.com/technology/xg-federal/.
Based in Sarasota, Florida, xG Technology has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market (symbol: XGTI) For more information, please visit www.xgtechnology.com.
I like the $XGTI closed the gap Thursday that had developed back on 7/13. The market is at a decision point now on direction. Nice, little doji on Friday. This dude could be gearing up for a run higher!
UFO
I can see $4 pps in the near term and $12 in the long term based on the chart
Financials coming this month! Big revenue is expected
Hey everyone. I'm thinking about buying some $XGTI, but I'm curious about a couple of things. How did this stock go from $94,500 to $2.26 a share? Is that some kind of record? I did some research and saw all the reverse splits, dilution and it looks like the insiders are day trading the stock. But I don't think even all that can account for a price swing that big. On the other hand, it looks like the stock currently has built a pretty decent base and I REALLY like the strength we're seeing today. Can anyone give me a quick Cliffs Notes on what happened here? I just want to make sure the management of this firm is solid. (and sane) Thanks!
UFO
Wow! How many stock touting sites are pumping $XGTI right now? I stopped counting at 8.
The Fly
Stocktwits
Smarter Analyst
Street Insider
The Fly
Seeking Alpha
Agora Financial
Stock Market Alert
UFO
Let bid support build and it's up from here
Other MAJOR Orders will come - it has only begun
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xMax is a fixed and mobile wireless broadband system that includes a complete product line of high-performance access points, fixed and mobile personal WiFi hotspots, mobile switching centers (MSC) as well as network management and deployment tools. xG’s unique and patented protocol outperforms WiFi, WiMax and traditional cellular technologies like LTE in shared and interference prone radio bands. The xMax over the air waveform has been specifically designed for use in a deterministic (i.e. fixed low latency) cognitive radio network. This waveform, in conjunction with its purpose built Media Access Control (MAC) layer, offers capabilities and performance not found in other wireless solutions.
xMax is an end-to-end Internet Protocol (IP) network solution that incorporates xG’s patented cognitive radio technologies to deliver the first fully mobile VoIP and broadband network that also supports any smartphone, laptop, tablet and other commercial WiFi or IP-enabled devices via its xMod personal hotspot – while offering an excellent quality of service (QoS) and fixed, low latency.
xG’s approach has been to develop a network that uses available free spectrum instead of costly licensed spectrum and an all-IP architecture that is less expensive to deploy and operate. The company’s xMax system addresses the numerous technical hurdles involved with mobile VoIP and data in today’s crowded airwaves. The result is an extremely efficient network solution that delivers high quality fixed and mobile wireless Internet services at very low cost.
Every aspect of the technology is designed for the highest possible efficiency and QoS. xMax is designed to prioritize voice calls by delivering dedicated time-slots, as well as a voice calling app for android phones and tablets. This approach guarantees a low and fixed latency for every call, which essential for reliable voice calls on heavily loaded wireless broadband systems. The xMax system ability to provide fixed low latency connectivity for real-time communications is in contrast to technologies like Wi-Fi and WiMAX, both of which are contention-based “best effort” delivery systems that cannot provide scalable voice services without significantly reducing their data carrying capacity. xG’s proprietary air interface addresses these limitations, while supporting full sensing-based cognitive network operation.
xMax carrier class cognitive radio networking solutions are made up of the following key products:
xG Technology is an IP (Internet Protocol)-centric developer of innovative and disruptive communications technologies for wireless networks. The company has built an extensive portfolio of intellectual property that covers a broad range of applications, including cognitive (intelligent) radio technology that can make wireless networks more flexible, intelligent, accessible, affordable and reliable.
xG has brought together a number of its key technology advancements to create xMax®, a robust, comprehensive fixed and mobile wireless broadband system. xMax can serve as a powerful private network solution that without the costs or limitations associated with traditional wireless options. xMax is capable of operating fully independently of fixed infrastructure, and enables the rapid deployment of wide-area voice, video and fixed and mobile broadband services in any environment.
By leveraging its patented cognitive radio technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR), xMax can eliminate the barrier created by expensive or unavailable licensed spectrum. These technologies increase the efficiency of existing spectrum assets, allowing providers to deliver new services, offload existing voice or data traffic, improve QoS, and enhance network capacity for their customers.
xMax represents a powerful solution for a wide array of users, applications, and markets. xMax has the ability to serve as either a permanent or temporary wireless infrastructure, making it ideal for a number of deployment scenarios, both domestically and internationally. These include emergency response/public safety, defense, utilities and other critical infrastructures, urban and rural wireless broadband, transportation, educational and health care facilities, corporate campus settings and event management.
Based in Sarasota, Florida, xG has over 60 U.S. and over 140 international patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW.
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