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.

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TypePublic
HQSarasota, US
Founded2002
Size (employees)222 (est)
Websitexgtechnology.com
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

XG Technology's revenue was reported to be $47.82 m in FY, 2017
USD

Revenue (Q3, 2018)

8.3m

Net income (Q3, 2018)

(2.2m)

EBIT (Q3, 2018)

(2.7m)

Market capitalization (17-Jan-2019)

6.9m

Closing stock price (17-Jan-2019)

0.4

Cash (30-Sep-2018)

1.2m
XG Technology's current market capitalization is $6.9 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

406.0k932.0k6.6m47.8m

General and administrative expense

5.5m6.3m9.5m27.0m

R&D expense

4.7m6.1m9.8m

Operating expense total

5.5m10.9m15.6m36.8m
Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

163.0k150.0k374.0k189.0k929.0k1.7m1.9m9.3m14.2m10.2m9.7m9.4m8.3m

General and administrative expense

1.4m1.5m1.8m1.8m2.0m2.4m2.3m6.5m6.4m6.4m5.8m6.0m4.7m

R&D expense

1.7m1.5m1.4m1.9m2.5m2.8m2.4m2.9m1.3m

Operating expense total

1.4m1.5m1.8m1.8m3.7m3.9m3.7m8.4m9.0m9.1m8.3m17.2m6.0m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

5.5m368.0k9.1m2.8m

Accounts Receivable

1.4m8.3m

Inventories

2.9m777.0k2.7m14.8m

Current Assets

10.6m1.8m13.3m26.5m
Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

5.0m1.9m156.0k1.1m484.0k154.0k1.8m4.7m4.7m4.7m455.0k2.2m1.2m

Accounts Receivable

11.7m10.4m7.6m6.7m5.4m5.2m

Inventories

4.2m4.3m3.6m3.5m3.2m3.5m3.0m16.7m18.7m19.0m16.2m16.0m14.2m

Current Assets

10.2m7.6m4.9m6.0m5.0m5.0m6.6m34.5m35.6m33.5m24.2m24.3m21.8m
Annual
USDFY, 2013FY, 2015

Net Income

(27.4m)(17.9m)

Depreciation and Amortization

2.4m4.8m

Inventories

(2.6m)354.0k

Accounts Payable

1.2m328.0k
Quarterly
USDQ1, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

8.3m(3.8m)(9.7m)(11.9m)

Depreciation and Amortization

989.0k887.0k1.7m2.4m

Inventories

14.8m

Accounts Payable

2.4m(827.0k)(2.8m)(3.5m)
USDY, 2018

Financial Leverage

3 x
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XG Technology Online and Social Media Presence

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XG Technology Blogs

Blog Post: IMTDragonFly Powers Vicareo RefCams at 2019 College Football Playoff National Championship

IMTDragonFly transmitters and diversity receive systems powered Vicareo RefCam™ units that were worn by referees at the Alabama-Clemson matchup of the 2019 College Football Playoff National Championship on January 6th. RefCams were affixed to four referees’ hats, providing a similar camera view as t…

Blog Post: IMT Vislink Talks SATCOM: 2018 Review, 2019 Outlook

As one of the leading global vendors of satellite communications services to clients in broadcast & media, law enforcement, public safety and defense, IMT Vislink was recently invited by Satnews Magazine to provide our view on the current state of the SATCOM industry—where we are now, the key tr…

Blog Post: IMT Vislink’s Jeff Daubert Interviewed by Sports Video Group on the Evolution and Future of the Sports Industry

IMT Vislink’s wireless camera transmitters give sports broadcasters the ability to provide viewers with an immersive experience and bring fans closer to the action, even at the most demanding sports events. SVG, the Sports Video Group —the preeminent association serving sports television professiona…

IMT VISLINK RECEIVES $900,000 CONTRACT TO SUPPLY AIRBORNE VIDEO DOWNLINK, TRANSMIT AND RECEIVE SYSTEMS FOR USE BY THE U.S. AIR FORCE

SARASOTA, FL—January 7, 2019 — xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), whose brands are recognized as the global leaders in live video communications, today announced that its IMT Vislink business has been awarded a $900,000 order to supply airborne video downlink solution…

IMT VISLINK TO SHOWCASE ITS PREMIUM WIRELESS CAMERA SOLUTIONS FOR LIVE SPORTING EVENTS AT THE 2018 SVG SUMMIT

Will Lead a Workshop Session on Using HDR (High Dynamic Range) Imaging to Expand the Fan Experience NEW YORK, DECEMBER 6, 2018 — xG Technology, Inc.’s (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), IMT Vislink business will be showcasing its class-leading wireless camera solutions for live sporting …

IMT VISLINK’S INNOVATIVE SINGLE-FRAME LATENCY UHD HCAM AND ULTRARECEIVER WIRELESS CAMERA SOLUTION MAKES U.S. DEBUT AT NAB NY

Upgraded Solution Provides End-to-end Ultra Low Latency for 4K UHD Transmissions NEW YORK, OCTOBER 10, 2018 – xG® Technology, Inc. (“xG”) (Nasdaq: XGTI, XGTIW), whose brands are recognized as the global leaders in live video communications in the broadcast, military and government markets, announces…
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XG Technology Company Life and Culture

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XG Technology Frequently Asked Questions

  • When was XG Technology founded?

    XG Technology was founded in 2002.

  • Who are XG Technology key executives?

    XG Technology's key executives are Roger G. Branton, John Payne and John Procacci.

  • How many employees does XG Technology have?

    XG Technology has 222 employees.

  • What is XG Technology revenue?

    Latest XG Technology annual revenue is $47.8 m.

  • What is XG Technology revenue per employee?

    Latest XG Technology revenue per employee is $215.4 k.

  • Who are XG Technology competitors?

    Competitors of XG Technology include Cohere Technologies, AT&T and Teleste.

  • Where is XG Technology headquarters?

    XG Technology headquarters is located at 701 240 S Pineapple Ave, Sarasota.

  • Where are XG Technology offices?

    XG Technology has an office in Sarasota.

  • How many offices does XG Technology have?

    XG Technology has 1 office.