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Last $0.31 USD
Change Today +0.0279 / 9.89%
Volume 4.7K
INPH On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

interphase corp (INPH) Snapshot

Open
$0.30
Previous Close
$0.28
Day High
$0.32
Day Low
$0.27
52 Week High
09/8/14 - $3.39
52 Week Low
08/24/15 - $0.26
Market Cap
2.6M
Average Volume 10 Days
63.4K
EPS TTM
$-0.70
Shares Outstanding
8.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INTERPHASE CORP (INPH)

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interphase corp (INPH) Details

Interphase Corporation, an information and communications technology company, provides embedded computing solutions, engineering design services, and contract manufacturing services in North America, the Pacific Rim, and Europe. The company’s network connectivity products include OC-3/STM-1 asynchronous transfer mode network interface cards (NICs), Ethernet NICs, and T1/E1 communication controllers that primarily support SS7 signaling; interworking products comprise OC-3/STM-1 interworking modules, and broadband access gateway and media converters; and gigabit Ethernet (GigE) and 10 GigE packet processors. It also provides penveu, a handheld device primarily for use in the education market that adds interactivity to the installed base of projectors and large screen displays, making any flat surface, from pull down screens to HDTVs, an interactive display system. In addition, the company offers engineering design services, such as specifications gathering; program management; electrical, mechanical, and thermal design; wireless services design for cellular, Wi-Fi, Bluetooth, and other services; mechanical enclosure design; software design for drivers and applications; application software porting and integration; rapid prototyping; and manufacturability and testability design, product design verification testing, product certification, and production test development. Further, it offers electronics manufacturing services comprising supply chain management, custom branding and control, production assembly, system integration, testing and delivery, and inventory management and logistics services. The company sells its products and services to telecom equipment and server manufacturers, as well as to the electronics industry through its direct sales force, manufacturers’ representatives, value-added distributors, tradeshows, and Web and social media tools. Interphase Corporation was founded in 1974 and is headquartered in Carrollton, Texas.

65 Employees
Last Reported Date: 03/26/15
Founded in 1974

interphase corp (INPH) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $325.0K
Vice President of Corporate Strategy and Busi...
Total Annual Compensation: $185.0K
Compensation as of Fiscal Year 2014.

interphase corp (INPH) Key Developments

Interphase Corporation Enters into a Manufacturing Agreement with VirTex Enterprises, LP

On August 27, 2015, Interphase Corporation entered into a Manufacturing Agreement with VirTex Enterprises, LP whereby Interphase will outsource to VirTex the production and fulfillment of all of Interphase's products. Such outsourcing allows Interphase to cease its own production activities, which will in turn allow it to reduce overhead and focus its efforts and financial resources on penveu sales and marketing activities. Under the Agreement, Interphase will periodically submit orders for products, and VirTex will perform all aspects of production and fulfillment for those products, including procuring raw materials, production planning, manufacturing, quality control, packaging, and delivery, in accordance with the specifications submitted by Interphase. Interphase will submit monthly rolling-12-month, non-binding (except as stated in the Agreement) forecasts of product production activities to VirTex. The fees payable by Interphase to VirTex for the manufacturing services and the packaging and shipping services performed by VirTex will vary by particular product, as stated in the Agreement, and will be subject to adjustment from time to time under the Agreement. The Agreement commenced on August 27, 2015 and will continue for an initial term ending June 30, 2018. At the end of that initial term and each anniversary thereof, the term of the Agreement will automatically renew for 12 months, unless either party terminates the Agreement upon 90 days' prior written notice. The Agreement may also be terminated by a party, upon 60 days' written notice, in the event of an uncured material breach of the Agreement by the other party. The Agreement contains commercially typical representations and warranties, limitations on liabilities, and indemnification obligations of the parties.

Interphase Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Interphase Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $2,038,000 against $3,262,000 a year ago. Loss from operations was $1,262,000 against $1,114,000 a year ago. Loss before income tax was $1,266,000 against $1,113,000 a year ago. Net loss was $1,273,000 against $1,128,000 a year ago. Net loss per diluted share was $0.15 against $0.16 a year ago. Revenues in the quarter were primarily derived from communications networking product revenues, which decreased 17% to $1.5 million in the second quarter of 2015 compared to $1.8 million for the second quarter of 2014. For the six months, the company reported revenues of $4,117,000 against $6,695,000 a year ago. Loss from operations was $2,745,000 against $2,121,000 a year ago. Loss before income tax was $2,766,000 against $2,121,000 a year ago. Net loss was $2,782,000 against $2,144,000 a year ago. Net loss per diluted share was $0.33 against $0.31 a year ago.

Interphase Corporation Receives Non-Compliance Notice From NASDAQ

On July 29, 2015, Interphase Corporation received a letter from the Listing Qualifications Department of the NASDAQ Stock Market LLC (NASDAQ) notifying the company that it is no longer in compliance with the minimum bid price of $1.00 per share requirement for continued listing on the NASDAQ Capital Market. The listing rules require listed securities to maintain a minimum bid price of $1.00 per share. Based upon the closing bid price during the 30 consecutive business day period from June 16, 2015 to July 28, 2015, the company no longer met this requirement and was no longer in compliance with the NASDAQ’s continued listing requirements. NASDAQ’s letter has no immediate effect on the listing of the company’s common stock on the NASDAQ Capital Market. Rather, the listing rules provide the company a compliance period of 180 calendar days in which to regain compliance. If at any time during this 180 day period the closing bid price of the company’s security is at least $1.00 for a minimum of ten consecutive business days, NASDAQ will provide the company written confirmation of compliance and the matter will be closed. In the event the company does not regain compliance during the initial 180 day period, the company may be eligible for an additional 180 day period to address the deficiency. To qualify, the company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the NASDAQ Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the company meets these requirements, NASDAQ will inform the company that it has been granted an additional 180 calendar days. However, if it appears that the company will not be able to cure the deficiency, or if the company is otherwise not eligible, NASDAQ will provide notice that the company’s securities will be subject to delisting. If the company wished to avoid delisting, it would then have an opportunity to request a hearing before a NASDAQ listing-qualifications panel, and the delisting process would be stayed pending the panel’s determination. The company is monitoring the price of its common stock and considering its options to address noncompliance with the listing standards.

 

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