Company Information

  

Address: 8493 BAYMEADOWS WAY  
City: JACKSONVILLE 
State: FL 
Zip Code: 32256 
Telephone: 904-737-1367 

Description of Business

Primary SIC Code: 3663
(As filed with the SEC)  

We were incorporated under the laws of the state of Florida on August 22, 1989. We are in the business of innovating fundamental wireless technologies. We design, develop and market proprietary radio frequency ("RF") technologies for use in wireless communication products including our own internally developed products. We have expended significant financial and other resources to research and develop our RF technologies and to obtain patent protection for those technologies in the United States ("U.S.") and certain foreign jurisdictions. We believe certain patents protecting our proprietary technologies have been broadly infringed by others and therefore our business plan includes enforcement of our intellectual property rights through patent infringement litigation and licensing efforts.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-1.11NAN/E
03/2017-1.63NAN/E
12/2016-1.76NAN/E
09/2016-1.67NAN/E
06/2016-1.82NAN/E
03/2016-1.60NAN/E
12/2015-17.40NAN/E
09/2015-1.90NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.06Total Liab/Total Assets1.95
Net Inc/Total Assets-2.51Total Liab/Inv Cap3.18
Net Inc/Inv Cap-4.10Total Liab/Comm Equity0.05
Pretax Inc/Net Sales-5.13Interest Coverage Ratio-306.04
Net Inc/Net Sales-5.29Curr Debt/Equity-0.10
Cash Flow/Net Sales-3.53LTD/EquityNA
SG&A/NetSales4.02Total Debt/Equity-0.10
Asset Utilization   Liquidity  
Net Receivables Turnover1517.05Quick Ratio0.75
Inventory Turnover2.07Current Ratio0.81
Inventory Day Sales0.01Net Rec/Curr Assets0.00
Net Sales/Work Cap-8.66Inv/Curr Assets0.08
Net Sales/PP&E15.09  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 0.00 0.00 0.00 4.00
Cost of Goods Sold 0.00 0.00 0.00 0.30
Selling & Admin Exps 2.70 3.36 3.00 3.48
Operating Income -3.72 -4.96 -3.83 -0.94
Interest Exp 0.02 0.02 0.02 0.02
Pretax Income -3.73 -4.81 -5.67 -1.67
Other Income 0.01 0.17 -1.83 -0.72
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -3.73 -4.81 -5.67 -2.33

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 2.89 6.74 1.18 3.83
Receivables - Total NA NA 0.00 0.00
Inventories - Total 0.30 0.17 0.17 0.17
Total Current Assets 4.91 8.46 2.04 4.89
Net Property, Plant & Equipment 0.29 0.26 0.27 0.31
Total Assets 10.84 14.71 8.58 12.02
Liabilities        
Accounts Payable 1.31 1.96 1.61 1.87
Debt in Current Liabilities 0.83 0.83 0.83 NA
Total Current Liabilities 2.17 2.84 2.51 1.95
Long-Term Debt 0.00 NA 0.00 0.00
Total Liabilities 16.19 16.85 16.69 15.14
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.18 0.18 0.13 0.13
Retained Earnings -360.70 -356.97 -352.16 -346.49
Treasury Stock NA NA NA NA
Total Stockholders' Equity -5.35 -2.14 -8.12 -3.13
Total Liabilities and Stockholders' Equity 10.84 14.71 8.58 12.02

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities -3.79 -4.09 -2.56 -2.89
Net Cash Provided by Investing Activities 2.74 -4.85 3.31 -3.17
Net Cash Provided by Financing Activities -0.03 9.70 -0.04 -0.11

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20120.00-20.32--
12/20130.00-27.87--
12/20140.00-23.57--
12/20150.01-17.08-17.40
12/20164.06-21.51-1.76
Growth RatesInfinity----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17402,30212.15




Report Date : 10/23/2017

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