GigOptix (OTCBB: GGOX), a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G optical networks, today announced that Roth Capital Partners, the sole manager of its recent public offering of common stock, has fully exercised its over-allotment and purchased 300,000 additional shares at a price of $1.75 per share.
The over-allotment option was granted in conjunction with GigOptix’ public offering of 2,460,000 shares completed on July 8, 2010. Including the exercise of the over-allotment option, a total of 2,760,00...
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GigOptix, Inc. (OTCBB: GGOX), a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G optical networks, today announced that its GX6261, a 40G driver for Differential Quadrature Phase Shift Keying (DQPSK) systems, has entered mass production and is now shipping in volume with GigOptix’ previously announced portfolio of GX3240 and GX3220 DQPSK receiver amplifiers to Tier 1 telecom customers.
Padraig O’Mathuna, GigOptix Vice President of Marketing stated, "The GX6261 ramp...
GigOptix, Inc. (OTCBB: GGOX), a leading supplier of electronic and electro-optic semiconductor products for fiber-optic communications systems, today announced its financial results for the second quarter ended July 4, 2010.
Second Quarter Highlights:
Reported record revenue of $6.3 million, an increase of 19 percent over prior quarter, 41 percent over the comparable 2009 quarter and exceeding prior guidance of 10 percent sequential growth;
Achieved positive Adjusted EBITDA of more than $0.2 million;
Increased revenue from 40G and 100G prod...
Q1 Revenue Totals $5.3 Million, Significant Improvement in Product Revenues
GigOptix, Inc. (OTCBB: GGOX), a leading supplier of electronic and electro-optic semiconductor products for fiber-optic communications systems today announced its financial results for the first quarter ending April 4, 2010.
Dr. Avi Katz, Chairman of the Board and Chief Executive Officer of GigOptix stated, “We are very pleased to have reported record revenues of $5.3 million, in line with the high end of our guidance, driven by a significant increase in product sales which grew approximately 107% ...
