Lightwave Logic, Inc. (OTCMKTS:LWLG) Hints At Commercialization Of New Waveguide Modulators

Lightwave Logic, Inc. (OTCMKTS:LWLG)

Lightwave Logic, Inc. (OTCMKTS:LWLG) has set its eyes on the burgeoning 100Gbps market. The developer of next generation photonic devices and nonlinear optical polymer materials has unveiled a new strategy focused on popularizing the new 25Gps ridge waveguide modulator.

Popularizing 25Gbps Modulator

The company is in the process of commercializing the 25gbps waveguide modulator by optimizing electro-optic polymers and photonic device design. Lightwave Logic, Inc. (OTCMKTS:LWLG) has already engaged the services of a packaging partner as part of the commercialization strategy.

“The team has come a long way in the past 3 months with our 25Gbps modulator, and we are now laser-focused on moving the technology from prototype to marketplace. Our team is expanding with more world-class engineers being hired to accelerate development of 25Gbps all-organic ridge waveguide modulator, as well as hone the performance,” said CEO, Michael Lebby.

The company’s ridge waveguide modulator is also suited for the $100Gbps market, presenting the much-needed leverage as the company guns for market share. Lightwave Logics has, at its disposal, new modulators similar to the 25Gbps device that it plans to use to address the 50Gbps market.

Lightwave Logic, Inc. (OTCMKTS:LWLG) is also planning to address the 400Gbps market with 50Gbp ridge waveguide modulators under development.

Commercialization Plan

Lightwave Logic, Inc. (OTCMKTS:LWLG) also plans to carry out aggressive marketing in a bid to reach a broader audience both in the datacom and telecom industries of fiber communications. The company also plans to partner with other companies in a bid to optimize work on ultra-miniaturized silicon photonics.

“2017 will be an important year for us as we progress our technology development further towards commercialization. We still have many issues to address, specifications to hone, and performance to optimize; however, by 2018 we believe our company will be in a much stronger position to engage with large partners for business development opportunities,” said Mr. Lebby.

Separately, Lightwave Logic, Inc. (OTCMKTS:LWLG)’s CEO recently represented the company at the World Technology Mapping Forum in the Netherlands where he promoted polymer PICs.

Lightwave Logic, Inc. (OTCMKTS:LWLG) stock was down 0.63% in Friday’s trading session ending the week at $1.58 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Finjan Holdings, Inc.(NASDAQ:FNJN) Steadies

Finjan Holdings, Inc.(NASDAQ:FNJN)

At the end of 2016, shares of Finjan Holdings, Inc. (NASDAQ:FNJN) touched $1. Since then, FNJN shares have experienced a steady upward climb and on Friday traded above $4, and establishing a new 52-week high, on heavy volumes before closing at $3.80. Today’s trading action sees the tech company’s shares trading around Friday’s close 1 1/2 hours into the trading day. Today’s are heavy. The 30-day, daily average trading volume is listed at around 465,000 and that figure has been reached in less than an hour of today’s action, signaling that the volumes may exceed seven times their normal averages by the end of trading.

Finjan Holdings, Inc.(NASDAQ:FNJN) announced that it has secured a $15.3 million Series A-1 Preferred Stock financing in a private placement transaction led by Soryn HLDR Vehicle II LLC. Soryn HLDR was set up by Halcyon Long Duration Recoveries Management LP and its affiliates in partnership with Soryn Capital, LLC, an affiliate of Soryn IP Group, LLC. Finjan Holdings, Inc.(NASDAQ:FNJN) will issue 153,000 shares of Series A-1 Preferred Stock at a price of $100 per share to Soryn HLDR as well as warrants to purchase an additional two million shares of FNJN at an exercise price of $3.18. The Series A-1 Preferred Stock contains optional and mandatory redemptive provisions, does not accrue an annual cash dividend, and carries participation rights for certain parts of Finjan’s revenue streams until the securities are retired. Of special note is the announcement that the Preferred shares have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Palo Alto, CA-based Finjan Holdings, Inc.(NASDAQ:FNJN) is a cyber-security company. Finjan develops and patents software and hardware that detects and removes computer code that could be harmful. Such code includes spyware, malware, phishing, and data theft efforts amongst others. Finjan’s service operates on a real-time basis.

Investors should be aware that Finjan Holdings, Inc.(NASDAQ:FNJN) “insiders” have been selling shares at a high rate over the last 60 days.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

 

Shares of Integral Technologies, Inc. (OTCMKTS:ITKG) Boom!

Integral Technologies, Inc. (OTCMKTS:ITKG)

Integral Technologies, Inc. (OTCMKTS:ITKG) was up over 220% today on massive volumes. Shares of the hybrid plastics designer and manufacturer traded over 13.3 million times today. ITKG shares have a listed 30-day, daily average daily trading volume figure of barely over 1 million. Shares closed yesterday at $0.028 and ended the day at $0.09.

The catalyst for the increase in price and share volumes was the announcement that Integral Technologies, Inc.(OTCMKTS:ITKG), through its wholly owned subsidiary ElectriPlast Corp., and its ElectriPlast material has been chosen by a leading European electric luxury SUV maker for use in a high voltage connector.

Mo Zeidan, CTO of ElectriPlast, stated, “We are excited about winning this order with such a prestigious automaker with a globally renowned brand and appreciate the vision that our Tier 1 partner has in implementing ElectriPlast conductive plastic as part of their EMI shielding portfolio,”

The order is ElectriPlast’s first European automotive commercial order and will run through 2024.   Volumes for the program will be finalized once the complete global vehicle rollout plan is disclosed. Two million electric vehicles were on the road globally in 2016, that number is estimated to reach 70 million by 2025.

Integral Technologies, Inc.(OTCMKTS:ITKG) reported Q4 2016 revenues at $27,000 and that number came in lower for Q1 2017 at $24,000. For the same periods, Integral Technologies reported losses in net income of $731,000 and $1.19 million. For Q1 2016, total assets were listed at $218,000 and for Q1 2017, that figure shrank to $163,000. Meanwhile liabilities increased from $2.7 million to $3.6 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ITKG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Sphere 3D Corp. (NASDAQ:ANY) Diversifies Offerings

Sphere 3D Corp. (NASDAQ:ANY)

Sphere 3D Corp. (NASDAQ:ANY) has unveiled new HVE appliances that support Non-Volatile memory express technology. The data management solutions providers expect the NVMe enabled appliances to allow for over 3 times read/write performance compared to standard SSD only platforms.

NVMe Technology Capabilities

The new NVMe appliances are currently available for orders through authorized resellers and distribution in North America. Some of the configurations available include 1U and 2U form factor that can support 50-800 virtual desktops. There is also high-density 2U, 4 node platforms that offer support for 100G Ethernet interfaces.

The unveiling of the new appliances expands Sphere 3D Corp. (NASDAQ:ANY) reach in an NVMe market that is growing fast with a 95% CAGR rate. Initial estimates indicate that up to 60% of enterprise storage appliances will adopt NVMe technology by 2020. The fact that the technology offers a standard access method capable of reducing latency while improving storage performance should fuel adoption.

NVMe technology continues to grow in popularity as it allows for faster processing and a large data capacity. The technology is often referred to as ‘Flash 2.0’ and can be used for handling mission-critical business applications.

“The HVE NVMe solution coupled with our proprietary software defined storage, our Desktop Cloud Orchestrator™ (DCO) software, and our VDI software is what differentiates our offering from others in the market. Our introduction of these NVMe appliances furthers our mission to revolutionize the approach to virtualization of intense workloads like database access (OLTP), server virtualization, desktop virtualization, and high transaction based applications,” said Vice President of Virtualization, Dave Harmon.

Sphere 3D New By-Laws

Separately, Sphere 3D Corp. (NASDAQ:ANY) has scheduled a special shareholders meeting on June 27, 2017. The company’s board of directors adopted a new bylaw that establishes a framework for the nomination of directors. The bylaw outlines deadlines by which shareholders must issue notice for director nominations prior to any annual and special shareholders meeting.

The board of directors has also modified the quorum requirement. Shareholders’ future meetings will proceed as long as there are at least two persons holding or representing no less than 25% of the total issued shares. The Advance Notice By-Law and amendments are part of the agenda in the upcoming special seating.

Sphere 3D Corp. (NASDAQ:ANY) was up by 21.18% in Tuesday’s trading session to end the day at $0.152 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ANY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) To Cut Costs After Q1 Net Loss

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO)

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) has embarked on a cost-cutting drive after reporting a wider than expected first-quarter net loss of (-$8.3) million. The exoskeleton developer plans to streamline its operations and cut its workforce by about 25% in a bid to reduce cash burn.

Cost-Cutting Drive

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) expects the cuts to result in a 25% reduction in monthly operating expenses. Cash severance and related expenses as a result of cutbacks could rise to $1 million. The cost-cutting drive will not interfere with the company’s research and development activities geared towards advancing proprietary solutions.

The restructuring comes at a time when Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) is looking for ways to fuel sales on its lead product Ekso GT – among other exoskeleton offerings. In a bid to push for sales in industrial markets, the company is currently working with partners to increase awareness.

“We remain on track with our strategic priority of establishing our unique products as the industry standard. We believe that the measures announced today will enhance shareholder value as we more efficiently deploy cash and solidify our leadership in the emerging exoskeleton industry,” said CEO Thomas Looby

A decline in revenues from $8.5 million as of last year to $1.4 million in Q1 2017 is a major point of concern. However, the chief executive officer remains confident that positive feedback will lead to greater success as they ramp up commercialization efforts.

Strategic Collaborations

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) has already teamed up with four leading rehabilitation centers as part of an effort that seeks to expand the current target market. The four centers that the company is collaborating with are Barrow Neurological Institute, Good Shepherd Rehabilitation Network, Marianjoy Rehabilitation Hospital, part of Northwestern Medicine and Villa Beretta” Centro di Riabilitazione, Costa Masnaga (LC), Italy

The collaborations should advance the use of the company’s innovative exoskeleton in mobility-impaired patients. Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) also expects the collaboration to help build clinical support on the benefits of its products. Each center will also help research and development efforts.

“We are proud to work with these visionaries who are dedicated to helping patients with recovery and to provide quantifiable insights into the strides they’re making walking with an exoskeleton,” said Mr. Looby.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) stock was down by 9% in Friday’s trading session to end the week at $1.92 a share. In early Monday trading, EKSO shares are trading down a further 7%.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $EKSO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Investors Skeptical on Envision Solar International, Inc. (OTCMKTS:EVSI)

Envision Solar International, Inc. (OTCMKTS:EVSI)

Envision Solar International, Inc. (OTCMKTS:EVSI) has been getting hammered over the past month – losing over 36% while the S&P 500 gained about 1%. The price action is curious given Envision’s April financial release for FY2016, which showed that the green energy company had increased revenues for the third year in a row. (Supplemental note – The company’s most recent SEC financial filing, in April, showed a quarterly improvement in revenues and a shrinking net loss figure.)

Desmond Wheatley, CEO of Envision Solar International, Inc. (OTCMKTS:EVSI) commented on the annual results “We are executing on our plan. The growth markets we address are recognizing the unique value in our products and we are seeing increased sales year after year. I believe that we are very well positioned to see increasing and accelerating growth in 2017.”

Envision Solar International, Inc. (OTCMKTS:EVSI) operates in three specific verticals – electric vehicle (EV) charging, media, branding systems, and energy security. Since the April filing, there has been a rash of good news out of the company. Envision successfully deployed its EV chargers in a Buffalo, NY nature preserve; they received a multi-year award from New York city for their EV chargers; Fresno County unveiled a county-wide EV charging program using Envision’s solar powered EV chargers; Maywood, CA deployed Envision technology; and most recently the city of Santa Monica announced that it will deploy Envision Solar International, Inc. (OTCMKTS:EVSI)’s EV ARC product to provide free EV charging as well as emergency power.

Envision has a market-cap of only $11.8 million. For such a small firm, all of this good news should have propelled its stock price, not placed it under pressure. So why has EVSI lost over a third of its share value in a stable market? No news exists that could justify a lower valuation. This is definitely a green energy stock that deserves close, and constant, attention as new information could confirm either a logical explanation for the lower valuation, or a buying opportunity.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $EVSI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Scio Diamond Technology Corp (OTCMKTS:SCIO) Digging Out

Scio Diamond Technology Corp (OTCMKTS:SCIO)

Scio Diamond Technology Corp (OTCMKTS:SCIO) grows diamonds – literally. The company uses a proprietary chemical vapor deposition process to grow diamonds in weeks rather than over billions of years. The diamonds are of varying qualities. Some are of sufficient quality to be used in fine jewelry, others are used for industrial purposes. However most are rated Type IIa which means they have virtually no impurities and, in nature, account for less than 2% of all mined diamonds. So why did SCIO shares shed over 30% of their value on Friday on volumes around nine times their average?

While Scio Diamond Technology Corp (OTCMKTS:SCIO) may have developed the modern day equivalent of the Golden Goose, the company has not been without some embarrassing moments. A few years ago there was a visible and protected proxy battle over the company’s board of directors, and then at the end of March 2017 the company learned its former chairman had been indicted in federal fraud charges. The indictment alleges that Edward Adams, former Chairman of the company’s Board of Directors, operated a fraudulent scheme to embezzle millions of dollars of investor funds. Scio Diamond Technology Corp (OTCMKTS:SCIO) is cooperating with federal officials. These allegations were, according to experts, responsible for the downward spiral of SCIO shares over the past quarter. According to reports, the accused fraudster has been liquidating his shares at a pace that could account for the market pressure on SCIO prices. SCIO shares have lost over 52% over the past three months while the broader S&P 500 market has gained around 2%.

Despite the ability of the company to produce diamonds using a patented technology, Scio Diamond Technology Corp (OTCMKTS:SCIO) has not yet turned an annual profit. However, while operating losses have been normal for Scio Diamond Technology Corp (OTCMKTS:SCIO), the loss amount has been smaller each year. That shrinking loss has been reflected in the net income applicable to common shareholders. In 2013 the loss was (-$7.2) million. Each succeeding year the loss shrank and in 2016 the loss was (-$3.6) million. Good news was, however, found in the last 2016 quarterly report. The September 30, 2016 quarterly report showed a gross loss of $314,000 but the December 31, 2016 quarterly report posted a gross profit of $162,000.

Scio Diamond Technology Corp (OTCMKTS:SCIO) is based in Greenville, SC. No doubt the company has had a difficult time executing their business plans that can be, in part, based upon events beyond their control. The market for diamonds is, to say the least, enormous and they appear to have a competitive advantage in the supply of diamonds. Interested investors should stay close to developments as this stock could move quickly on good news.

 I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SCIO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

InterCloud Systems Inc. (OTCMKTS:ICLD) Explodes On $2 Million Contract

InterCloud Systems Inc. (OTCMKTS:ICLD)

InterCloud Systems Inc. (OTCMKTS:ICLD) is moving higher in the market on news that it has been awarded new professional service contracts worth more than $2 million.

Intercloud’s Financial Improvement Plan

The contracts should go a long way in strengthening the current revenue base. InterCloud Systems Inc. (OTCMKTS:ICLD) has also embarked on a cost-cutting mission as it looks to generate maximum shareholder value from its remaining subsidiaries. Lastly, Intercloud is aggressively pursuing new partnerships for its NFVgrid platform as it looks expand its customer base.

“Over the last six months, we have divested ourselves of non-core assets and strengthened our balance sheet. The Company’s remaining assets produced over $52 million in revenue during 2016. In addition to our divestments, we have significantly reduced our operating expenses with the goal of operating on a cash flow positive basis,” said CEO, Mark Munro.

Restructuring Intercloud’s Business

According to Munro, restructuring should allow the company to acquire new assets that will fuel business growth. Pursuing positive cash flow is at the top on the agenda as the company diversifies its streams of revenues and trims its expenditures.

The restructuring push has already resulted in the spinoff of the company’s Training Division. InterCloud Systems Inc. (OTCMKTS:ICLD) says it received $1.4 million in cash from the sale of the unit, which provides professional services focused on education and training in the network arena. The company had acquired the unit in 2016 for $1 million worth of common stock.

The sale, according to Mr. Munro, is part of an ongoing realignment of InterCloud’s business strategy that has until now focused on reducing outstanding liabilities. InterCloud Systems Inc. (OTCMKTS:ICLD) should now be able focus on its core areas of growth and profitability as focus shifts to improving the balance sheet and reducing exposure to convertible debentures.

Separately, the provider of cloud services and solutions has sued its former auditor, Grant Thornton, in the New York Supreme Court. The company accuses the auditor of breach of contract and fraudulent inducement which had a domino effect leading to the delisting from the NASDAQ.

InterCloud Systems Inc. (OTCMKTS:ICLD) stock was up by 33.73% in Monday’s trading session, ending the day at $0.0266 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ICLD and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

New CEO, CoB Appointments for Inseego Corp (NASDAQ:INSG) Lifts Shares

Inseego Corp (NASDAQ:INSG)

Inseego Corp (NASDAQ:INSG) gained over 15% in the market on Thursday to end the day at $1.13. The move upwards follows two days of the shares trading under $1 and establishing a new 52-week low. Trading was heavy. INSG shares have a 30-day, daily average volume of 207,800 but traded over 1.1 million shares in today’s trading.

The move was motivated by news out of Inseego Corp (NASDAQ:INSG) announcing that their CEO, Sue Swenson, was being replaced by Dan Mondor. Mr. Mondor is a veteran telecommunications executive with extensive knowledge of domestic and international markets and strong relationships in the global enterprise, telco, and mobility markets. After a 16+ year career at Nortel Networks, Mr. Mondor served as CEO of a number of public and private communications-related companies. Also announced was Phillip Falcone’s election to the Chairmanship of the Board of Directors. Mr. Falcone has a finance background with decades of experience in leveraged finance, distressed debt, and special situations investing.

Interestingly, the Board today decided to terminate the agreement to sell its MiFi business to TCL that was announced in September of 2016. Reports estimate that the move will save Inseego Corp (NASDAQ:INSG) $15 million annually. The same reports claim the move will move the company into profitability in 2018.

Inseego Corp (NASDAQ:INSG) develops software-as-a-service (SaaS) solutions and solutions for Internet of Things (IoT) for the telematics market. It serves wireless operators, distributors, original equipment manufacturers, and companies in vertical markets through direct sales force and distributors. The company was formerly known as Novatel Wireless Inc. and changed its name to Inseego Corp. in November 2016. Inseego Corp. was founded in 1996 and is based in San Diego, California.

Two investment firms follow Inseego Corp (NASDAQ:INSG). Both firms rate INSG shares as a “Strong Buy” with a consensus price target of $4.00.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

Don’t miss out! Stay informed on $INSG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

DragonWave, Inc. (USA) (NASDAQ:DRWI) Explodes On NASDAQ Delisting Reversal

DragonWave, Inc. (USA) (NASDAQ:DRWI)

DragonWave, Inc. (USA) (NASDAQ:DRWI) has regained compliance with the NASDAQ having been hit with a delisting notice for failing to meet the minimum shareholders’ equity of $2.5 million. However, the company’s continued listing on the NASDAQ is still subject to meeting certain milestones which includes ensuring the minimum shareholder equity stands at $2.5 million.

While the company’s listing on the Toronto Stock Exchange is not impacted by the decision, DragonWave maintains it is working round the clock to meet the minimum requirement.

SmartSky Contract

Separately, the global supplier of packet microwave radio systems says it has inked a product supply and services contract with SmartSky Networks. The North American 4G LTE inflight service provider is to deploy the company’s Harmony Enhanced and Harmony Enhanced MC products as part of the contract.

“The DragonWave Harmony Enhanced MC product solution offers our desired capacity requirements for SmartSky. Harmony Enhanced MC delivers simple installation, operation, and sophisticated remote management, so we are thrilled to partner with them to further enhance SmartSky’s capabilities, “said SmartSky Networks vice president of services Dave Claassen.

SmartSky is in the process of deploying its coast-to-coast national network having recently secured $170 million Series B financing.

Disappointing Q4 Earnings

The signing of the contract with SmartSky comes on the heels of DragonWave, Inc. (USA) (NASDAQ:DRWI) posting disappointing financial results for its fourth quarter. The company has been experiencing difficult operating conditions after having posted a net loss of $3.9 million. Revenue for the fourth quarter tanked to $8 million from $10.2 million in the third quarter.

DragonWave, Inc. (USA) (NASDAQ:DRWI) Operating expense for F2017 dropped by $9.9 million compared to the previous fiscal year, to $27.9 million, having dropped to $6.7 million in the fourth quarter compared to $7 million as of the third quarter.

“Our results in Q4 reflect the difficult operating conditions. Earlier this year we communicated that we had made a restructuring proposal to our credit facility partners to reduce operating expenses and address working capital. In co-operation with our secured lenders we have engaged Alvarez & Marsal Canada ULC to assist us with the identification and assessment of strategic alternatives in relation to short-term liquidity requirements,” said CEO, Peter Allen.

DragonWave, Inc. (USA) (NASDAQ:DRWI) exited the fourth quarter with cash and cash equivalent of $4.1 million compared to $4.5 million as of the end of the third quarter.

DragonWave, Inc. (USA) (NASDAQ:DRWI) stock ended Wednesday trading session at $1.13 a share having rallied by 75.19%.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $DRWI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica Grey has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.