xG Technology, Inc. designs, develops, and delivers advanced wireless communications solutions in North America, Europe, South America, Asia, and rest of world. Its business lines include the brands of Integrated Microwave Technologies LLC (IMT) and Vislink Communication Systems (VCS). IMT develops, manufactures, and sells microwave communications equipment utilizing COFDM (Coded Orthogonal Frequency Division Multiplexing) technology, a transmission technique that combines encoding technology with OFDM (Orthogonal Frequency Division Multiplexing) modulation to provide the low latency and high image clarity required for real-time live broadcasting video transmissions. The company develops integrated solutions that deliver video footage captured from aerial and ground-based sources to fixed and mobile receiver locations. VCS designs and manufactures products encompassing microwave radio components, satellite communication, cellular and wireless camera systems, and associated amplifier items for broadcast and media, law enforcement, public safety, and surveillance markets. It provides broadcast communication links for the collection of live news and sports and entertainment events for national broadcasters, multi-channel broadcasters, network owners and station groups, sports and live broadcasters, and hosted service providers; and secure video communications and mission-critical solutions for law enforcement, defense, and homeland security applications. The company markets its products through sales channels, including direct-to-end customer sales, network group sales, reseller/integrators, and original equipment manufacturers. xG Technology, Inc. was founded in 2002 and is headquartered in Sarasota, Florida.
Industry, Sector and Symbol
Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Phone941-953-9035
Debt
Current Ratio1.33
Quick Ratio0.46
Price-To-Earnings
Sales & Book Value
Annual Sales$47.82 million
Price / Sales0.15
Price / Cash Flow0.77
Price / Book0.33
Profitability
Net Income$-10,540,000.00
Net Margins-59.22%
Return on Assets-47.50%
Miscellaneous
Employees43
OptionableNot Optionable
xG Technology (NASDAQ:XGTI) Frequently Asked Questions
What is xG Technology's stock symbol?
xG Technology trades on the NASDAQ under the ticker symbol "XGTI."
How were xG Technology's earnings last quarter?
xG Technology Inc (NASDAQ:XGTI) posted its earnings results on Wednesday, November, 14th. The Wireless communications provider reported ($0.13) EPS for the quarter, beating the Zacks' consensus estimate of ($0.22) by $0.09. The Wireless communications provider earned $8.33 million during the quarter. xG Technology had a negative net margin of 59.22% and a negative return on equity of 117.24%. View xG Technology's Earnings History.
When is xG Technology's next earnings date?
What price target have analysts set for XGTI?
2 Wall Street analysts have issued 1-year price objectives for xG Technology's shares. Their forecasts range from $1.00 to $4.00. On average, they anticipate xG Technology's stock price to reach $2.50 in the next twelve months. This suggests a possible upside of 540.7% from the stock's current price. View Analyst Price Targets for xG Technology.
What is the consensus analysts' recommendation for xG Technology?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for xG Technology in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for xG Technology.
Has xG Technology been receiving favorable news coverage?
Press coverage about XGTI stock has trended somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. xG Technology earned a daily sentiment score of 1.5 on InfoTrie's scale. They also gave press coverage about the Wireless communications provider a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an effect on the company's share price in the next several days.
Who are some of xG Technology's key competitors?
Who are xG Technology's key executives?
xG Technology's management team includes the folowing people:
- Mr. Roger Glenn Branton, Co-Founder, CEO & CFO (Age 51)
- Mr. John Carlton Coleman, Non-Exec. Director (Age 64)
- Mr. John Payne IV, Pres & COO (Age 48)
- Mr. Benjamin H. Dickens Jr., Gen. Councel (Age 65)
- Mr. John Procacci, VP of Sales
How do I buy shares of xG Technology?
Shares of XGTI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is xG Technology's stock price today?
One share of XGTI stock can currently be purchased for approximately $0.3902.
How big of a company is xG Technology?
xG Technology has a market capitalization of $7.43 million and generates $47.82 million in revenue each year. The Wireless communications provider earns $-10,540,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. xG Technology employs 43 workers across the globe.
What is xG Technology's official website?
How can I contact xG Technology?
xG Technology's mailing address is 240 SOUTH PINEAPPLE AVENUE SUITE 701, SARASOTA FL, 34236. The Wireless communications provider can be reached via phone at 941-953-9035 or via email at [email protected]
MarketBeat Community Rating for xG Technology (NASDAQ XGTI)
MarketBeat's community ratings are surveys of what our community members think about xG Technology and other stocks. Vote "Outperform" if you believe XGTI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe XGTI will underperform the S&P 500 over the long term. You may vote once every thirty days.
