xG Technology is a developer of technology for wireless communications and spectrum sharing. The Company's portfolio of intellectual property includes cognitive radio, interference mitigation and self-organizing wireless network technologies for mobile services using licensed or unlicensed radio spectrum. xG Technology has commercialized some of these innovations to create xMax, a private fixed and mobile wireless broadband system that delivers voice, video and data services for residential, business and government users.

Type
Public
HQ
Sarasota, US
Founded
2002
Size (employees)
222 (est)+182%
XG Technology was founded in 2002 and is headquartered in Sarasota, US
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Key People/Management at XG Technology

Roger G. Branton

Roger G. Branton

CEO and CFO
John Payne

John Payne

President of IMT USA
John Procacci

John Procacci

Vice President of Sales
Daniel Carpini

Daniel Carpini

Vice President of Marketing and PR
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XG Technology Office Locations

XG Technology has an office in Sarasota
Sarasota, US (HQ)
701 240 S Pineapple Ave
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XG Technology Financials and Metrics

XG Technology Revenue

USD

Revenue (Q2, 2018)

19.2 m

Net income (Q2, 2018)

(9.7 m)

EBIT (Q2, 2018)

(9.5 m)

Market capitalization (16-Aug-2018)

7.1 m

Closing stock price (16-Aug-2018)

0.4

Cash (30-Jun-2018)

2.2 m
XG Technology's current market capitalization is $7.1 m.
USDQ1, 2018Q2, 2018

Revenue

9.7 m19.2 m

General and administrative expense

5.8 m11.9 m

R&D expense

2.4 m5.4 m

Operating expense total

8.3 m17.2 m
USDQ1, 2018Q2, 2018

Cash

455 k2.2 m

Accounts Receivable

6.7 m5.4 m

Inventories

16.2 m16 m

Current Assets

24.2 m24.3 m
USDQ1, 2018Q2, 2018

Net Income

(3.8 m)(9.7 m)

Depreciation and Amortization

887 k1.7 m

Accounts Payable

(827 k)(2.8 m)

Cash From Operating Activities

(2.4 m)(4.4 m)
USDY, 2018

Financial Leverage

2.9 x
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XG Technology Online and Social Media Presence

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XG Technology Company Life and Culture

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