Last $1.42 USD
Change Today -0.08 / -5.33%
Volume 100.6K
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As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

rit technologies ltd (RITT) Snapshot

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10/15/13 - $3.00
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rit technologies ltd (RITT) Details

RiT Technologies Ltd. provides intelligent infrastructure management (IIM) and indoor optical wireless technology solutions. Its IIM products enhance security and network utilization for data centers, communication rooms, and work space environments. The company offers enterprise solutions, including PatchView hardware, which is offered in a cross connect topology; CenterMind data center infrastructure management software for data centers; and SMART Cabling System, a structured network infrastructure solution designed for copper and fiber cabling environments. It also provides Beamcaster, an indoor wireless optical network product that allows high-speed, high-bandwidth transmission through optical signals between the central station and the user station. The company serves private sector, government agencies, financial institutions, airport authorities, healthcare, and education institutions. RiT Technologies markets its products through independent distributors, resellers/integrators, original equipment manufacturers, and other strategic alliance partners. It primarily operates in the United States, Europe, Israel, South and Latin America, and the Asia Pacific. The company was founded in 1989 and is headquartered in Tel Aviv, Israel. RiT Technologies Ltd. is a subsidiary of Stins Coman Incorporated.

82 Employees
Last Reported Date: 04/28/14
Founded in 1989

rit technologies ltd (RITT) Top Compensated Officers

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rit technologies ltd (RITT) Key Developments

RiT Technologies Ltd. Announces Unaudited Consolidated Earnings Results for the Six Month Ended June 30, 2014

RiT Technologies Ltd. announced unaudited consolidated earnings results for the six month ended June 30, 2014. For the six months period, the company reported sales were $3,690,000 compared with $4,904,000 a year ago. Operating loss was $4,434,000 compared with $4,419,000 a year ago. Loss before income tax was $4,483,000 compared with $4,476,000 a year ago. Net loss was $4,483,000 compared with $4,476,000 a year ago. Basic and diluted loss per share was $0.35 compared with $0.54 a year ago. Net cash used in operating activities was $3,958,000 compared with $4,131,000 a year ago. Purchase of property and equipment was $106,000 compared with $67,000 a year ago.

RiT Technologies Launches Advanced Fiber Optic Cabling Solution in India

RiT Technologies announced the launch of its Xlight range of advanced fiber optic cabling solutions in India. The Xlight high-performance product line includes a wide range of patch panels, patch cords, indoor & outdoor cables, adapters and connectors; as well as a range of High Density solutions. RiT Technology's Xlight high-density fiber optic patch panels are space efficient and easy to install and are available in single-mode and multi-mode and 288, 120, 96 and 48 fiber models. The entire product range is available through RiT Technologies network of channel partners, system integrators and value-added resellers.

RiT Technologies Ltd. Provides Communication Network for Moscow's New Spartak Stadium

RiT Technologies Ltd. announced that it has supplied the communications network for Moscow's Spartak Stadium, which is a technological stadium. The project was deployed by Lanit. The communications infrastructure of the stadium utilizes both copper and fiber optic solutions made by RiT Technologies. Lanit built dozens of kilometers of cable routes and installed thousands of subscriber access points.


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Price/Sales 1.9x
Price/Book 5.5x
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