Ceragon Networks, Ltd., a provider of wireless backhaul solutions, posted a second quarter revenue of $94.8 million on Friday, a one percent sequential increase from the first quarter of this year.
President and CEO Ira Palti said the results came as revenue from Latin America returned to normal and lower revenue from Europe was offset by significantly higher revenue from North America.
Micronet Enertec Technologies, Inc., posted $5.7 million in second quarter revenue Friday, for a 13 percent decrease in revenue year over year. The company’s net loss for the second quarter was $588,000, for a loss of 10 cents per basic and diluted share. The second quarter gross profit margin was 32 percent, as compared to gross margin of 28 percent in the second quarter of 2014.
Marvell has launched a cost-effective R10 LTE carrier aggregation platform with 20+20MHz support, the quad-core 64-bit ARMADA® Mobile PXA1918 System-on-Chip (SoC) with security and advanced communication features for mass deployment by global operators. This mobile platform is designed to address the growing demands for high-performance R10 LTE Advanced CA smart phones and tablets.
xG Technology, Inc., a developer of patented wireless communications and spectrum sharing technologies, reported total second quarter 2015 revenues of $374,000, an increase from $163,000 revenue in the second quarter of 2014. The company also reported a second quarter operating loss of $3.9 million and a net loss of $4.0 million, or about $1.40 per share, with both figures down at least $500,000 from the same quarter last year.
On Friday, the company announced the pricing of a public offering at $1.00 per Class A Unit, 99 cents per Class B Unit, 1 cent per Series C Warrant and 1 cent per Series D Warrant. Net proceeds from the offering will go toward general corporate purposes, including working capital, product development, partial reduction of liabilities, marketing activities, expanding its internal sales organization and further developing sales channels, funding the set-up of contract manufacturing production lines and other capital expenditures.
The offering is expected to close on August 19.