xG Technology designs, develops and deploys software-defined mobile communications solutions that make wireless systems more flexible, intelligent, accessible, affordable, and reliable. The Company's patented intellectual property portfolio covers a range of applications, including cognitive (intelligent) radio, interference mitigation, and self-organizing wireless network technologies. xG Technology has commercialized some of these innovations to create xMax, a private fixed and mobile wireless broadband system that delivers cost-effective voice, video and data services for a variety of industries including emergency management, military/DoD, rural telecommunications, municipal governments, public utilities and critical infrastructure.

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

Gary Cuccio

Gary Cuccio

Executive Chairman of the Board and CEO
Roger Branton

Roger Branton

CFO
John Payne

John Payne

President of IMT USA
James Walton

James Walton

President of IMT Ltd
John Coleman

John Coleman

President of the xG Federal Business Unit
John Procacci

John Procacci

Vice President of Sales
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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 Financials

USD

Revenue (Q1, 2018)

9.7 m

Net income (Q1, 2018)

(3.8 m)

EBIT (Q1, 2018)

(4.3 m)

Market capitalization (21-May-2018)

12.8 m

Closing share price (21-May-2018)

0.8

Cash (31-Mar-2018)

455 k
XG Technology's current market capitalization is $12.8 m.
USDQ1, 2018

Revenue

9.7 m

General and administrative expense

5.8 m

R&D expense

2.4 m

Operating expense total

8.3 m
USDQ1, 2018

Cash

455 k

Accounts Receivable

6.7 m

Inventories

16.2 m

Current Assets

24.2 m
USDQ1, 2018

Net Income

(3.8 m)

Depreciation and Amortization

887 k

Accounts Payable

(827 k)

Cash From Operating Activities

(2.4 m)
USDY, 2018

Financial Leverage

2.2 x
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