Xtera Communications (XCOM) Posts Q1 Loss of $0.68/Share
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Xtera Announces Fiscal First Quarter Financial Results
February 3, 2016 4:03 PM ESTDALLAS, TEXAS, USA, Feb. 03, 2016 (GLOBE NEWSWIRE) -- Xtera Communications, Inc. (NASDAQ: XCOM), a provider of high-capacity optical transport solutions, today announced financial results for its fiscal first quarter ended December 31, 2015. Revenue for the first quarter of fiscal 2016 was $12.6 million, a decrease of 5.5% compared to $13.4 million for the fiscal first quarter of 2015.
 After completing our IPO in mid-November, we saw strong demand for our products and solutions in Q1, reported Jon Hopper, Xteras President and Chief Executive Officer. Our backlog increased considerably during the December quarter and we ended... More
