Xtera Announces Fiscal Fourth Quarter and Full Year 2015 Financial Results

DALLAS, Dec. 9, 2015 (GLOBE NEWSWIRE) — Xtera Communications, Inc. (NASDAQ:XCOM), a provider of high-capacity optical transport solutions, today announced financial results for its fiscal fourth quarter and full year ended September 30, 2015. Revenue for the fourth quarter of fiscal 2015 was $15.0 million, an increase of 132% compared to $6.5 million for the fourth quarter of 2014.“2015 was a year of significant progress for Xtera as we more than doubled our revenue, successfully demonstrated in a real world network the industry’s highest capacity/longest reach solution at 64 Tbit/s per fiber pair with reach of over 1,500 km, began commercial sales of our Submarine repeater, and strengthened our balance sheet with our IPO last month,” said Jon Hopper, Xtera president and CEO.The company’s net loss for the fiscal fourth quarter of 2015 was $6.6 million, or $5.49 per basic and fully diluted share, compared to a net loss of $15.0 million, or $10.12 per basic and fully diluted share, for the fourth quarter of 2014. Basic and fully diluted net loss per share for the fiscal fourth quarter ended September 30, 2015 and 2014 reflect 1.9 million and 1.8 million common shares outstanding, respectively, and do not include shares issued in conjunction with the company’s initial public offering and the conversion of preferred shares into common shares in November 2015.Conference CallIn conjunction with this announcement, Xtera will host a conference call to discuss its results at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Wednesday, December 9, 2015. Interested parties can listen to a live webcast of the conference call by visiting the Investor Relations section of Xtera’s website at http://ir.xtera.com. Dial in information for the conference call is available by registering at http://dpregister.com/10076293. The conference call and webcast will include forward-looking information. A replay of the conference call will also be available on the Investor Relations section of Xtera’s website at http://ir.xtera.com following the completion of the call.About Xtera Communications, Inc.Xtera Communications, Inc. (NASDAQ:XCOM) is a leading provider of high-capacity, cost-effective optical transport solutions, supporting the high growth in global demand for bandwidth. Xtera sells solutions to telecommunications service providers, content service providers, enterprises and government entities worldwide. Xtera’s proprietary Wise RamanTM optical amplification technology leads to capacity and reach performance advantages over competitive products. Xtera’s solutions enable cost-effective capacity to meet customers’ bandwidth requirements of today and to support their increasing bandwidth demand fueled by the development of data centers and related cloud-based services.For more information, visit www.xtera.com, contact info@xtera.com or connect via LinkedIn, Twitter, Facebook and YouTube.Investor Contact:
David H. Allen | +1 408 427 4463 |

Marketing & Sales Contact:
Bertrand Clesca | +33 1 45 48 15 67 |

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