Company Information

  

Address: 240 S. PINEAPPLE AVENUE
SUITE 701 
City: SARASOTA 
State: FL 
Zip Code: 34236 
Telephone: 941 953 9035 

Description of Business

Primary SIC Code: 3669
(As filed with the SEC)  

The overarching strategy of xG Technology, Inc. ("xG Technology", "xG", the "Company", "we", "our", "us") is to design, develop and deliver advanced wireless communications solutions that provide customers in our target markets with enhanced levels of reliability, mobility, performance and efficiency in their business operations and missions. xG's business lines include the brands of Integrated Microwave Technologies LLC ("IMT"), Vislink Communication Systems ("Vislink" or "VCS"), and xMax. There is considerable brand interaction, owing to complementary market focus, compatible product and technology development roadmaps, and solution integration opportunities. In addition to these brands, xG has a dedicated Federal Sector Group focused on providing next-generation spectrum sharing solutions to national defense, scientific research and other federal organizations.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-1.96NAN/E
12/2017-0.87NAN/E
09/2017-19.81NAN/E
06/2017-10.75NAN/E
03/2017-14.61NAN/E
12/2016-36.87NAN/E
09/2016-180.00NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.04Total Liab/Total Assets0.52
Net Inc/Total Assets-0.29Total Liab/Inv Cap1.32
Net Inc/Inv Cap-0.73Total Liab/Comm Equity0.08
Pretax Inc/Net Sales-0.22Interest Coverage Ratio-15.77
Net Inc/Net Sales-0.22Curr Debt/Equity0.19
Cash Flow/Net Sales-0.09LTD/Equity0.00
SG&A/NetSales0.60Total Debt/Equity0.19
Asset Utilization   Liquidity  
Net Receivables Turnover9.85Quick Ratio0.62
Inventory Turnover3.23Current Ratio1.40
Inventory Day Sales0.01Net Rec/Curr Assets0.31
Net Sales/Work Cap6.35Inv/Curr Assets0.56
Net Sales/PP&E14.77  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 9.73 14.11 10.16 14.22
Cost of Goods Sold 4.79 7.90 5.05 9.70
Selling & Admin Exps 5.95 9.02 6.71 6.42
Operating Income -4.33 -6.60 -5.49 -5.55
Interest Exp 0.05 0.05 0.05 0.05
Pretax Income -3.77 -12.28 -5.52 -1.04
Other Income 0.61 -5.63 0.02 4.56
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -3.77 -12.28 -5.52 -1.04

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 0.46 2.80 4.71 4.66
Receivables - Total 6.65 8.34 7.62 10.39
Inventories - Total 16.19 14.75 19.05 18.67
Total Current Assets 24.17 26.52 33.46 35.60
Net Property, Plant & Equipment 2.93 3.24 3.75 4.17
Total Assets 33.42 36.65 44.77 48.01
Liabilities        
Accounts Payable 14.95 15.70 13.11 16.31
Debt in Current Liabilities 2.67 3.29 1.40 1.42
Total Current Liabilities 18.54 18.99 14.68 17.92
Long-Term Debt 0.03 0.03 2.03 2.04
Total Liabilities 18.56 19.02 16.71 19.96
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -223.61 -219.85 -207.57 -202.05
Treasury Stock -0.02 -0.02 -0.02 -0.02
Total Stockholders' Equity 14.85 17.63 28.06 28.05
Total Liabilities and Stockholders' Equity 33.42 36.65 44.77 48.01

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -2.35 -1.94 -2.92 0.49
Net Cash Provided by Investing Activities -0.03 0.04 -0.02 -0.08
Net Cash Provided by Financing Activities -0.01 -0.02 3.28 -0.84

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20130.41-27.45--
12/20140.63-18.98--
12/20150.93-17.86--
12/20166.57-20.90-36.87
12/201747.82-10.55-0.87
Growth Rates229.44----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18225553.35




Report Date : 7/17/2018

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