Last $0.0013 USD
Change Today 0.00 / 0.00%
Volume 6.6K
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

powerwave technologies inc (PWAVQ) Snapshot

Open
$0.0013
Previous Close
$0.0013
Day High
$0.0015
Day Low
$0.0013
52 Week High
12/5/13 - $0.01
52 Week Low
04/2/14 - $0.0010
Market Cap
41.3K
Average Volume 10 Days
34.1K
EPS TTM
$-5.84
Shares Outstanding
31.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for POWERWAVE TECHNOLOGIES INC (PWAVQ)

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powerwave technologies inc (PWAVQ) Details

Powerwave Technologies, Inc. designs, manufactures, and markets end-to-end wireless solutions for wireless communications networks worldwide. It offers antennas, boosters, combiners, cabinets, shelters, filters, radio frequency power amplifiers, remote radio head transceivers, repeaters, tower-mounted amplifiers, and coverage solutions to improve coverage, capacity, and data speed in cellular, PCS, 3G, and 4G wireless communications networks. The company sells its products to wireless original equipment manufacturers and individual wireless network operators through its direct sales force, independent sales representatives, and resellers. The company was formerly known as Milcom International, Inc. and changed its name to Powerwave Technologies, Inc. in June 1996. Powerwave Technologies, Inc. was founded in 1985 and is headquartered in Santa Ana, California. On June 11, 2013, the voluntary petition of Powerwave Technologies, Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on January 28, 2013.

2,179 Employees
Last Reported Date: 02/28/12
Founded in 1985

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powerwave technologies inc (PWAVQ) Key Developments

Powerwave Technologies, Inc. Reports Preliminary Results for the First Quarter Ended April 1, 2012

Powerwave Technologies Inc. reported preliminary results for the first quarter ended April 1, 2012. For the period, net sales were $43.3 million, compared with $136.6 million in the first quarter of fiscal 2011. GAAP net loss was $57.9 million, which includes $0.8 million of non-cash equity based compensation expense and $1.3 million of non-cash debt interest accretion, and $8.8 million of restructuring charges. The net loss equates to a basic loss per share of $1.83. This compares to a net loss of $7.0 million, or a loss per share of 21 cents for the prior year period. For the first quarter of fiscal 2012, excluding the debt interest accretion and the non-cash equity based compensation expenses and restructuring charges, on a pro forma basis, Powerwave would have reported a net loss of $39.5 million, or basic loss per share of $1.25. The first quarter revenues were impacted by weakness in several of the company's markets.

Powerwave Technologies Inc. Enters into a Debtor in Possession Credit and Security Agreement; Announces Management Changes

Powerwave Technologies Inc. announced that it has entered into a Debtor in Possession Credit and Security Agreement with P-Wave Holdings, LLC, an affiliate of The Gores Group. Under the agreement, P-Wave Holdings, LLC will make available to the Company a multiple draw senior secured priming term loan credit facility of up to $5,000,000 for general corporate purposes and working capital during its bankruptcy case in support of the sales process the company is undertaking. The company also announced that Ronald J. Buschur has resigned from his positions as President and Chief Executive Officer. The Board of Directors of the company has appointed Khurram Sheikh as Chief Executive Officer. Mr. Sheikh previously was the company's Chief Technology Officer.

NASDAQ Announces Delisting Of Powerwave Technologies

NASDAQ announced that it will delist the common stock of Powerwave Technologies Inc. The company's stock was suspended on January 30, 2013 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting of the company. The delisting will become effective ten days after the Form 25 is filed.

 

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