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.

TypePublic
HQSarasota, US
Founded2002
Size (employees)222 (est)+182%
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

USD

Revenue (Q2, 2018)

19.2m

Net income (Q2, 2018)

(9.7m)

EBIT (Q2, 2018)

(9.5m)

Market capitalization (15-Oct-2018)

8.3m

Closing stock price (15-Oct-2018)

0.5

Cash (30-Jun-2018)

2.2m
XG Technology's current market capitalization is $8.3 m.
USDQ1, 2018Q2, 2018

Revenue

9.7m19.2m

General and administrative expense

5.8m11.9m

R&D expense

2.4m5.4m

Operating expense total

8.3m17.2m
USDQ1, 2018Q2, 2018

Cash

455.0k2.2m

Accounts Receivable

6.7m5.4m

Inventories

16.2m16.0m

Current Assets

24.2m24.3m
USDQ1, 2018Q2, 2018

Net Income

(3.8m)(9.7m)

Depreciation and Amortization

887.0k1.7m

Accounts Payable

(827.0k)(2.8m)

Cash From Operating Activities

(2.4m)(4.4m)
USDY, 2018

Financial Leverage

2.9 x
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XG Technology Online and Social Media Presence

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XG Technology Blogs

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…

xG Technology to Present at The MicroCap Conference on October 2, 2018

SARASOTA, FL—September 25, 2018 —xG Technology, Inc. (“xG” or the “Company” (Nasdaq: XGTI, XGTIW), whose brands are recognized as the global leaders in live video communications in the broadcast, law enforcement and defense markets, announced it will be presenting and meeting with investors at The M…

IMT Vislink Highlights from IBC 2018

IMT Vislink wrapped up a very successful appearance at IBC this week in Amsterdam. IBC is one of the two leading and largest trade shows in the broadcasting calendar. It provides an excellent forum and stage for companies and people to get together, look at future trends, learn about new technologie…

IMT VISLINK DISPLAYS NEW GROUNDBREAKING SINGLE-FRAME LATENCY UHD HCAM AND ULTRARECEIVER WIRELESS CAMERA SOLUTION AT IBC

Solution to Provide End-to-end Ultra Low Latency for 4K UHD Transmissions AMSTERDAM, SEPTEMBER 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 tod…

IMT VISLINK ANNOUNCES JOINT COLLABORATION WITH PANASONIC AT IBC 2018

Company’s Upgraded HCAM 4K UHD Wireless Transmitter/ULRX Platform Improves Latency to 1 Frame  AMSTERDAM, SEPTEMBER 6, 2018 — xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), whose IMT Vislink brands are recognized as the global leaders in live video communications in the broadcast…

VISLINK ENTERS INTO STRATEGIC PARTNERSHIP WITH COGENT TECHNOLOGIES

Under Memorandum of Understanding, Vislink will Have Responsibility for All Sales of Cogent Products Outside of China  SARASOTA, FL—August 13, 2018—xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), whose brands are recognized as the global leaders in live video communications in the…
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XG Technology Company Life and Culture

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