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orckit communications ltd (ORCT) Snapshot

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52 Week High
02/4/14 - $34.50
52 Week Low
05/8/14 - $11.00
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orckit communications ltd (ORCT) Details

Orckit Communications Ltd. designs, develops, manufactures, and markets telecommunication equipment that enables transmission of broadband services. Its telecommunication transport equipment supports Ethernet services and high bandwidth video services, such as high definition television, Internet protocol television, video on demand, and interactive television; 2G, 3G, and 4G mobile backhauling; and other types of data services and voice services in metropolitan networks. The company’s CM-4000 product line includes the CM-4314, CM-4206, CM-4140, and CM-401x systems that are optical transport solutions, which support a range of interfaces for video, data, and voice, as well as provide a solution for packet transport networks in the metro area. It primarily serves telecommunication service providers directly and indirectly through original equipment manufacturers, strategic alliances, and agency and distribution arrangements in Japan, Germany, India, Scandinavia, Mexico, and internationally. Orckit Communications Ltd. was founded in 1990 and is based in Tel-Aviv, Israel.

16 Employees
Last Reported Date: 04/30/14
Founded in 1990

orckit communications ltd (ORCT) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $286.0K
Vice President of Finance
Total Annual Compensation: $89.0K
Vice President of Operations
Total Annual Compensation: $172.0K
Vice President of Corporate Sales
Total Annual Compensation: $174.0K
Compensation as of Fiscal Year 2013.

orckit communications ltd (ORCT) Key Developments

Orckit Communications Ltd., Special/Extraordinary Shareholders Meeting, Jan 20, 2015

Orckit Communications Ltd., Special/Extraordinary Shareholders Meeting, Jan 20, 2015., at 15:30 Israel Standard Time. Location: at the offices of the temporary liquidator of the Company, Adv. Lior Dagan. Agenda: To approve an arrangement between the company and its creditors and related transactions pursuant to Section 350 of the Israeli Companies Law, 5759-1999.

Orckit Communications Ltd. Reports Unaudited Consolidated Earnings Results for the Quarter Ended March 31, 2014

Orckit Communications Ltd. reported unaudited consolidated earnings results for the quarter ended March 31, 2014. For the quarter, the company reported revenues of $1,238,000 against $2,280,000 a year ago. Operating loss was $1,322,000 against $981,000 a year ago. Net loss was $998,000 against $2,356,000 a year ago. Loss per share basic and diluted was $0.04 against loss per share diluted of $0.08 a year ago.

Orckit Communications Ltd. Auditor Raises 'Going Concern' Doubt

Orckit Communications Ltd. filed its 20-F on Apr 30, 2014 for the period ending Dec 31, 2013. In this report its auditor, Kesselman & Kesselman, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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