That $3M award was to SwRI. xG only gets a part of it. I seem to recall something similar about a $497 million contract two years ago. What happened to that? How much did xG get there? I don't seem to find anything on the balance sheets.
And what is the margin on this $700k worth of orders? Again, IMT is a money loser. I suspect xG bought IMT merely so they could book revenue for the PR value and hope nobody looks at the bottom line.
Where is xG going to get the $16 million to pay for this Vislink acquisition?
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