Tom Shaughnessy
Long/short equity, special situations, deep value, tech

XG Technologies IPO: Dilution And Debt - $35 Million In Backlog Will Not Combat The Serious Debt Load

[Editor's Note, October 14: This article has been revised since original publication, as the author has added extra content]

The Company:

XG (NASDAQ:XGTI) Technology brands themselves as delivering cognitive radio network technology that helps to meet the world's rising demand for reliable and wireless broadband. Moreover their products help a wide variety of network operators make more efficient use of scarce radio spectrum assets. Recently, on October 7 2013, The Company was granted FCC certification that clears the way for the Company to begin shipping their xMax Access Point. This key hurdle that has been overcome can allow the company to begin production against their $35 million dollar backlog in an attempt to gain profitability - an event...

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