Digital Ally Receives Initial DVM-250 Order From Kansas City Transportation Group
Company Targets 5,000+ Vehicles Operated by Affiliates of Veolia Transportation
Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, today announced that it has received an initial order for 100 DVM-250 Video Event Recorders from Kansas City Transportation Group ("KCTG"). Operating under the names "Yellow Cab", "10/10 Taxi", and "Super Shuttle", KCTG manages a fleet of over 400 transportation vehicles in the Kansas City metropolitan area.
B.O.S. Announces Financial Results for Third Quarter of 2013
Net Profit of $219,000 and NON GAAP Net Profit of $415,000
B.O.S. Better Online Solutions Ltd. (the "Company", "BOS") (BOSC), a leading Israeli provider of RFID and supply chain solutions to global enterprises, today reported its financial results for the three months ended September 30, 2013.
Highlights - on a GAAP basis:Revenues for the third quarter of 2013 grew by 16% as compared to the comparable quarter last year. Revenues for the first nine months of 2013 grew by 3%, as compared to the comparable period last year.
Intuit Standardizes on Splunk Software
Leader in Business and Financial Management Solutions Significantly Expands Splunk Software to Drive Operational Intelligence Across Organization
Splunk Inc. (SPLK), provider of the leading software platform for real-time operational intelligence, today announced that Intuit has selected Splunk Enterprise 6 as an enterprise-wide platform for operational intelligence. Intuit recently inked an Enterprise Adoption Agreement that vastly expands its use of Splunk Enterprise 6, and includes Hunk™: Splunk Analytics for Hadoop, the Splunk App for Enterprise Security, the Splunk App for VMware and the Splunk App for PCI Compliance. Intuit has been a Splunk customer since 2008, using Splunk products to collect, monitor, analyze and visualize the machine data generated by its leading business and financial management solutions including QuickBooks®, Quicken® and TurboTax®, among others.
Aetrium Reports Orders for Multiple Units of VMAX IC Handlers
Aetrium Incorporated (ATRM) announced today recent bookings of multiple units of its VMAX IC test handlers. Daniel Koch, the recently appointed CEO of Aetrium, Incorporated today said, "We are all very pleased with the recent orders for our newest product offering, the VMAX IC test handler. It is especially pleasing to see both new customers and long term customers in our current backlog. All of these new orders are being driven by increased capacity needs and they are quite diverse in their end applications. The semiconductor industry continues to show signs of slow and deliberate recovery."
Ceragon Networks Ltd. Prices Underwritten Public Offering of Ordinary Shares
Ceragon Networks Ltd. (CRNT), today announced the pricing of an underwritten public offering of 14,000,000 of its ordinary shares at a price of $2.40 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 1,600,000 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of approximately $31.4 million, assuming no exercise of the overallotment option. The offering is expected to close on November 26, 2013, subject to customary closing conditions.
Needham & Company is acting as lead book-running manager of the offering. Oppenheimer & Co. is acting as co-book runner.
SGOCO Group to Announce Financial Results for 2013 Third Quarter on November 20, 2013
SGOCO Group, Ltd. (SGOC), ("SGOCO" or the "Company"), a company focused on product design, distribution, and brand development in flat-panel display market, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2013 on Wednesday, November 20, 2013 after the U.S. market closes. The earnings press release will be available at http://www.sgocogroup.com
Following the earnings announcement, SGOCO's senior management will host a conference call on Thursday, November 21, 2013 at 8 a.m. (Eastern) / 5 a.m. (Pacific) / 9 p.m. (Beijing / Hong Kong) to discuss quarterly results and operational updates.
InterCloud Systems, Inc. Announces Full Exercise of Underwriter's Over-Allotment Option
InterCloud Systems, Inc. (ICLD) announced the full exercise of the over-allotment option granted to the underwriters to purchase an additional 187,500 shares of common stock at a public offering price of $4.00 per share, bringing the expected total gross proceeds from the offering to approximately $5.75 million, before underwriting discounts and commissions and other offering expenses payable by InterCloud.
Aegis Capital Corp. acted as the sole book-running manager for the offering.
"Supermajor" Oil Company Selects Redline Communications for Field Wireless Networking
Redline Communications (www.rdlcom.com Group Inc. TSX: RDL), a leading provider of broadband wireless solutions for machine-to-machine (M2M) communications announced today that its portfolio of Virtual Fiber™ rugged wireless broadband network systems has been selected by one of the 5 largest publicly-owned global oil and gas companies, collectively known as the "supermajors," for its oilfield wide area networks.
"Oil and gas companies are demanding when it comes to their mission critical infrastructure, so it's a significant accomplishment to have proven in their fields that we can meet all their networking needs," said Robert Williams, interim CEO of Redline. "It's a tremendous vote of confidence in our company, our research and development team and our equipment to have this multinational company select our technology.
InterCloud Systems Reports Third Quarter 2013 Results
Revenue Increases 448% to Over $16 Million in the Third Quarter With Net Income of $1.3 Million
InterCloud Systems, Inc. (the "Company" or "InterCloud") (ICLD), a single source provider of end-to end IT technology and telecom solutions to the service provider and corporate enterprise markets through professional services and cloud platforms, today announced financial results for the third quarter ended September 30, 2013.
"Our third quarter results reflect the integration of our completed acquisitions, and the success of InterCloud's cross selling plan," said Mark Munro, Chief Executive Officer of InterCloud Systems. "InterCloud now offers a full set of cloud and managed services as well as professional services focused on providing end-to-end network solutions for both carriers and enterprises. We continue to be well positioned for growth into 2014."
Superconductor Technologies Reports Third Quarter 2013 Results
-- Grows Conductus wire purchase order backlog and pipeline for qualification purposes -- -- Increases wire output per run and begins taking delivery of commercial scale machine components --
Superconductor Technologies Inc. (STI) (SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, reported results for the quarter ended September 28, 2013.
"In the third quarter, we advanced our progress in commercializing our Conductus(R) wire by fully completing our first purchase order, continuing to ship against other existing orders, and further increasing our order pipeline," said Jeff Quiram, STI's president and chief executive officer.
Perion Revenues Increase 31% and Non GAAP Net Income Up 68% in Third Quarter of 2013
Perion Network Ltd. (PERI) today announced financial results for the third quarter and nine months ended September 30, 2013.
Q3 2013 non-GAAP Financial Highlights Include:Quarterly revenues increased 31% year-over-year reaching $21.3 million; EBITDA increased 48% year-over-year to $5.6 million; Net income increased 68% year-over-year, reaching $4.5 million; and Earnings per Share increased 31% year-over-year, reaching $0.34.
Mitel and Aastra Announce Plan to Merge
Combination creates a billion dollar company with a global installed base and the technology and scale to migrate those customers, and the broader market, to cloud based solutions.US$1.1 billion total revenue US$100 million cloud business Global customer base of 60 million end users #1 market share in Western Europe Competitive solutions portfolio to address businesses of any size Attractive synergies expected within first 24 months Accelerated path to further de-leverage the business
Mitel Networks Corporation (MITL) (MNW.TO), a leading provider of cloud and premises-based unified communications software solutions, and Aastra Technologies Limited (AAH.TO), a leader in enterprise communications, today announced that they have entered into a definitive arrangement agreement unanimously approved by the Boards of Directors of both companies, under which Mitel will acquire all of the outstanding Aastra common shares for US$6.52 in cash plus 3.6 Mitel common shares per each Aastra common share
Gogo Announces Third Quarter 2013 Results And Raises Full Year Guidance
Record quarterly revenue up 48 percent to $85.4 million
Gogo Inc. (GOGO), a leading provider of in-flight connectivity and a pioneer in wireless in-flight digital entertainment solutions, announced today its financial results for the quarter ended September 30, 2013.
Third Quarter HighlightsTotal revenue increased to $85.4 million, up 48 percent from the comparable prior year period Adjusted EBITDA increased to $2.0 million, up 251 percent from the comparable prior year period
Revolution Lighting Technologies Reports Q3 2013 Financial Results
– Reported Revenues of $5.3 million – – Gross Margin at 26% – – Negative Adjusted EBITDA of $1.8 million – – Cash Balance of $5.8 million at Quarter End –
Revolution Lighting Technologies, Inc. (RVLT) (“Revolution Lighting”), a leader in advanced LED lighting technology, today announced financial results for the quarter ended September 30, 2013.
“We are pleased with the results for the quarter which were in line with our expectations and continue to show solid year over year revenue growth,” Robert V. LaPenta, Chairman and Chief Executive Officer of Revolution Lighting Technologies.
Blucora Reports Third Quarter Results
Blucora, Inc. (BCOR) today announced financial results for the third quarter ended September 30, 2013.
“Our businesses performed well in the third quarter,” said Bill Ruckelshaus, President and Chief Executive Officer of Blucora. “InfoSpace is executing through changes in the search marketplace and TaxACT is readying for the coming tax season. We were also thrilled to add Monoprice to our Company in the third quarter. I am pleased with the focus of our teams and optimistic about the many opportunities in front of us at Blucora.”
Mindspeed Announces Definitive Agreement to be Acquired by MACOM for $5.05 per Share
Mindspeed Technologies (MSPD), a leading supplier of semiconductor solutions for communications infrastructure applications, today announced that it has entered into a definitive agreement to be acquired by M/A-COM Technology Solutions Holdings, Inc. (MTSI), a leading supplier of high performance RF, microwave, and millimeter wave products, for $5.05 per share in a cash tender offer. This represents a premium of approximately 66% to the close of $3.04 on November 4, 2013.
Extreme Networks Reports First Quarter Fiscal Year 2014 Financial Results
Completes Acquisition of Enterasys Networks for $180M; Immediately accretive to non-GAAP EPS Q1 Revenue: $75.9 million, flat compared to the prior year GAAP EPS: Breakeven Non-GAAP EPS: $0.06, increased $0.02 compared to the prior year
Extreme Networks, Inc. (EXTR) today announced revenue of $75.9 million for its first quarter of fiscal 2014 ending September 30, 2013. This represents a 0.3% decrease compared to revenue of $76.1 million reported for the first quarter of fiscal 2013 and a 4.5% decrease compared to the fourth quarter of fiscal 2013.
Qunar Announces Pricing of Initial Public Offering
Qunar Cayman Islands Limited ("Qunar" or the "Company") (QUNR), the leading search-based commerce platform for the Chinese travel industry, today announced the pricing of its initial public offering of 11,111,000 American depositary shares ("ADSs") at a public offering price of $15 per ADS, with a total offering size of $166.665 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents three Class B ordinary shares of Qunar. The Company's ADSs are expected to begin trading on the NASDAQ Global Market on November 1, 2013, under the ticker symbol "QUNR."
The Company has also granted the underwriters an over-allotment option to purchase up to 1,666,650 ADSs within 30 days of today.
ShoreTel Reports Financial Results For First Quarter Fiscal Year 2014
32 Percent Cloud Revenue Growth Year-Over-Year Record Non-GAAP Profitability
ShoreTel® (SHOR), the leading provider of brilliantly simple unified communications solutions, today announced financial results for the first quarter of its fiscal year 2014, which ended September 30, 2013.
For the first quarter of fiscal 2014, total revenue was $84.3 million, an increase of 12 percent compared to the first quarter of fiscal 2013. Non-GAAP net income, which excludes stock-based compensation charges, amortization of acquisition-related intangibles, other charges and related tax adjustments, for the first quarter of fiscal year 2014, was $4.0 million, or $0.07 per share.
WiLAN to Explore Strategic Alternatives
Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that its Board of Directors has initiated a process to explore and evaluate a broad range of strategic alternatives for the Company to enhance shareholder value.
The Company strongly believes in its current business strategy but does not believe that its current share price accurately reflects its strong balance sheet, the value of its signed license agreements, its business prospects or the residual value of its broad intellectual property portfolio.
Strategic alternatives to be considered may include changes to the Company's dividend policy or other forms of return of capital to shareholders, the acquisition or disposition of assets, joint ventures, the sale of the Company, alternative operating models or continuing with the current business plan, among other potential alternatives.