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4 个月前
BRIEF-Xg Technology- as reflected in financial statements, co had accumulated deficit at Dec 31, 2016 of $209.3 mln
2017年3月31日 / 晚上9点29分 / 4 个月前

BRIEF-Xg Technology- as reflected in financial statements, co had accumulated deficit at Dec 31, 2016 of $209.3 mln

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March 31 (Reuters) - Xg Technology Inc:

* Xg Technology Inc - as reflected in financial statements, co had accumulated deficit at dec 31, 2016 of $209.3 million, net loss of about $20.9 million

* Xg technology - has substantial doubt about co's ability to continue as a going concern for a period of at least one year from date of filing annual report

* Xg technology - as of dec 31, 2016, company has been funding business principally through debt and equity financings and advances from related parties

* Xg technology - company expects cash flows from operating activities to be positively affected as a result of the acquisition of vislink in february 2017 Source text (bit.ly/2oqAZiO) Further company coverage:

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