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PWVN On Other Exchanges
As of 2:02 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

powerwave technologies inc (PWVN) Snapshot

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powerwave technologies inc (PWVN) Details

Powerwave Technologies Inc. produces and sells wireless infrastructure solutions for enterprise and commercial customers. It offers antenna solutions, such as single broadband, multi-broadband, and triple-broadband antennas; and 4G solutions and systems for airport, healthcare, outdoor venue, resort/hotel/convention center, business campus, in-building, rail/transport, and university applications. The company also provides NetWay, an integrated and secure element management system, which comprises a suite of management tools for fault, configuration, performance, and security management; and tower mounted amplifiers, same band combiners, cross-band diplexers, and triplexers, as well as filter and combining solutions. In addition, it offers design, consulting, and engineering services for its products. The company was formerly known as Milcom International, Inc. and changed its name to Powerwave Technologies Inc. in June 1996. Powerwave Technologies Inc. was founded in 1985 and is headquartered in Aliso Viejo, California. On June 11, 2013, the voluntary petition of Powerwave Technologies, Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on January 28, 2013.

2,179 Employees
Last Reported Date: 02/28/12
Founded in 1985

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powerwave technologies inc (PWVN) Key Developments

Powerwave Technologies, Inc. Reports Preliminary Results for the First Quarter Ended April 1, 2012

Powerwave Technologies Inc. reported preliminary results for the first quarter ended April 1, 2012. For the period, net sales were $43.3 million, compared with $136.6 million in the first quarter of fiscal 2011. GAAP net loss was $57.9 million, which includes $0.8 million of non-cash equity based compensation expense and $1.3 million of non-cash debt interest accretion, and $8.8 million of restructuring charges. The net loss equates to a basic loss per share of $1.83. This compares to a net loss of $7.0 million, or a loss per share of 21 cents for the prior year period. For the first quarter of fiscal 2012, excluding the debt interest accretion and the non-cash equity based compensation expenses and restructuring charges, on a pro forma basis, Powerwave would have reported a net loss of $39.5 million, or basic loss per share of $1.25. The first quarter revenues were impacted by weakness in several of the company's markets.


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