On Tuesday, Engility Holdings, Inc. (NYSE:EGL)’s shares declined -0.11% to $27.47.
Engility Holdings, Inc. (EGL) and the National Geospatial-Intelligence Agency (NGA) recently declared the release of the first application, Vricon Explorer, delivered through the Agency’s Innovative GEOINT Application Provider Program (IGAPP).
Vricon Explorer allows for user interaction with a 3D data set and is now accessible for download through the GEOINT App Store, NGA’s application repository.
Vricon Explorer provides a uniquely accurate glimpse into real-world surroundings using automated 3D technology. The strength of the app lies in its ability to provide line of sight, measure various structures and distances, and obtain 3D situational awareness of mission areas. Presently accessible for use on Windows devices, Vricon Explorer will be expanding its capability to be accessible on Android and iOS devices in 2016. The app’s tools and capabilities designed specifically for government and professional users comprise:
- 3D coverage—Vricon provides immersive, accurate 3D data for decision makers. By design, globally accessible data is streamed from high resolution commercial satellite imagery, negating the need for ground control points.
- Accurate—Provides measureable accuracy based on commercial satellite imagery.
- Decision-ready—The Vricon 3D data is accessible as a live Web-Hosted-Service with high resolution and true-color textures covering all sides of structures and terrain.
Engility Holdings, Inc., together with its auxiliaries, provides various engineering, technical, analytical, advisory, training, logistics, and support services worldwide. The company offers specialized technical consulting, program and business support, engineering and technology lifecycle support, information technology modernization and sustainment, supply chain and logistics administration, and training and education services.
Digital Turbine Inc (NASDAQ:APPS)’s shares dropped -2.14% to $1.83.
- Riley & Co., LLC (B. Riley), a leading full service independent investment bank and a wholly-owned partner of B. Riley Financial, Inc. (RILY) declared that it has acted as sole underwriter in an $13.7 million underwritten public offering for Digital Turbine, Inc. (APPS)
The offering, which closed October 2, 2015, comprised of 8,740,000 million shares of common stock priced at $1.57 per share. This comprised of an option to purchase an additional 1,140,000 million shares which the underwriter exercised in full.
- Riley’s banking team comprised of Chairman Bryant Riley and Associate Chris Sigala.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful proceeding to registration or qualification under the securities laws of any such state or jurisdiction.
Digital Turbine, Inc., through its auxiliaries, provides mobile content solutions for mobile operators, app advertisers, device OEMs, and other third parties worldwide. It operates through two segments, Advertising and Content.
At the end of Tuesday’s trade, Aviat Networks Inc (NASDAQ:AVNW)‘s shares dipped -3.42% to $1.13.
Aviat Networks, Inc. (AVNW), the leading expert in microwave networking solutions, recently stated financial results for the fourth quarter and fiscal year 2015, which ended July 3, 2015.
Financial Highlights for Q4FY15
- Revenue at $87.8 million
- Book to bill was above 1
- GAAP Gross Margin at 21.3%; Non-GAAP Gross Margin at 21.4%
- GAAP Operating Expense at $23.9 million; Non-GAAP Operating Expense at $23.2 million
- GAAP Net Loss Attributable to Aviat Networks at $(1.6) million, or $(0.03) per share
- Non-GAAP Loss from Ongoing Operations Attributable to Aviat Networks at $(5.0) million, or $(0.08) per share
Financial Highlights for FY15
- Revenue at $335.9 million.
- GAAP Gross Margin at 24.0%; non-GAAP Gross Margin at 24.1%.
- Non-GAAP Operating Expense at $99.4 million.
- GAAP Net Loss Attributable to Aviat Networks of $(24.7) million, or $(0.40) per share.
- Non-GAAP Loss from Ongoing Operations Attributable to Aviat Networks of $(20.6) million, or $(0.33) per share.
Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products comprise broadband wireless access base stations and customer premises equipment for fixed and mobile; and point-to-point digital microwave transmission systems designed for first/last mile access, middle mile/backhaul, and long distance trunking applications, in addition to supports new network deployments, network expansion, and capacity upgrades.
New York REIT Inc (NYSE:NYRT), ended its Tuesday’s trading session with -0.95% decreased, and closed at $10.58.
New York REIT, Inc. (NYRT) a publicly traded real estate investment trust, declared it has closed on a $325 million financing for 1440 Broadway, a 25-story institutional quality office building containing 755,679 square feet located just steps from Times Square.
On October 1, 2015, NYRT declared a series of governance, planned and operational actions intended to enhance value for all shareholders and narrow the gap between net asset value (NAV) and the Company’s current common share price.
Among the declared actions were the appointment of Apollo Global Administration Co-Founder Marc Rowan to the Board of Directors in addition to plans to appoint two new independent directors in the near future. The Company also declared it has engaged an advisor to identify and consider potential planned transactions at the asset or entity level and acted to enable parties who take part in previous planned initiatives to take part in any future transactions. NYRT is ongoing to pursue its formerly declared plan to sell non-core, outer-borough assets and is in the process of implementing a joint venture with American Realty Capital New York City REIT, Inc.
New York REIT, Inc. focuses on acquiring commercial real estate, in addition to acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City.
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