xG Technology Reports First Quarter 2015 Results

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xG Technology (XGTI) Posts Q1 Loss of 15c/Share

May 15, 2015 4:07 PM EDT

xG Technology (NASDAQ: XGTI) reported Q1 EPS of ($0.15), versus ($0.17) reported last year. Revenue for the quarter came in at $584 million, versus $250 million reported last year.

George Schmitt, CEO and Chairman of the Board of xG Technology, said, "The xG team has strengthened xMax's competitive... More