Xtera Communications, Inc. Reports Unaudited Consolidated Earnings Results for the Fiscal Fourth Quarter and Full Year Ended September 30, 2015
December 10, 2015 at 02:32 am IST
Share
Xtera Communications, Inc. reported unaudited consolidated earnings results for the fiscal fourth quarter and full year ended September 30, 2015. For the quarter, total revenue was $15,019,000 against $6,477,000 a year ago. Operating loss was $5,331,000 against $13,754,000 a year ago. Loss before income taxes was $6,541,000 against $14,965,000 a year ago. Net loss available to common stockholders was $10,230,000 or $5.49 per basic and diluted share against $18,370,000 or $10.12 per basic and diluted share a year ago.
For the year, total revenue was $58,671,000 against $24,998,000 a year ago. Operating loss was $12,250,000 against $22,688,000 a year ago. Loss before income taxes was $16,579,000 against $25,991,000 a year ago. Net loss available to common stockholders was $30,316,000 or $16.59 per basic and diluted share against $39,494,000 or $21.77 per basic and diluted share a year ago. Net cash used in operating activities was $6,955,000 against $9,278,000 a year ago. Purchases of property and equipment were $1,160,000 against $609,000 a year ago.
Xtera Communications, Inc. is a provider of subsea systems and telecoms technology. The Company supplies unrepeatered and repeatered networks, through optical amplifiers to deliver traffic directly in inland. Its portfolio of services includes system design, project planning and feasibility studies, on-shore and off-shore security during installation, desktop study, route survey and cable engineering, in-house permitting service, route clearance, shore end and installation operations, post lay inspection and burial, landing route and station development, testing and commissioning, training, and maintenance and operational support. Its products include submarine system technology, repeater units, branching units, open systems, open systems gateway, network management system, optima terminal equipment and unrepeatered systems. It offers Nu-wave Optima platform, which provides a modular platform that serves terrestrial, unrepeatered and ultra-long span submarine applications.