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Prospector
Profile
1119-06
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| M-Wave, Inc. |
NAICS |
334412 |
| 11533 Franklin Avenue
Franklin Park, IL 60131 |
Description |
Circuit Boards Mfg. |
| (630) 562-5550 |
Employees |
21 |
| http://www.mwav.com/ |
Revenue |
(mil) |
9.7620 |
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Income |
(mil) |
-3.2170 |
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Assets |
(mil) |
4.5440 |
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Liability |
(mil) |
1.7840 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
M-Wave, Inc. had a net loss of $3,453,208 on revenues of $9,762,154 for the year ended December 31, 2006, much lower than the $5,409,366 net loss on revenues of $16,605,368 incurred during the year ended December 31, 2005. It also used cash for operating activities of $1,868,480 for the year ended December 31, 2006, lower than the $2,448,284 used during the year ended December 31, 2005. The Company's balance sheet showed an accumulated deficit of $16,664,622 as of December 31, 2006.
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Intellectual Property:
The Company has developed the Flexlink™ process, the bonding of materials with dissimilar coefficients of thermal expansion, and the fusion bonding of Teflon-based laminate for multi-layer circuit fabrication. It has developed an enhanced version called Flexlink II™ in 1995. It has also received patent grants for Flexlink ™ and Flexlink II™ in 1993, 1994, and 1995. Historically, the Company used Flexlink II™ in its bonding process associated with RF applications. The Company was granted three patents in 1998, two of which were for a printed circuit board process using plasma spraying of conductive metal. The plasma spraying process eliminates a significant portion of the wet process currently used to produce printed circuit boards. [SEC Filing 10-KSB/A 10-22-07]
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Description:
The Company provides printed circuit boards used in various digital and high frequency communications applications for telecommunications and industrial electronics applications.
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Officers:
Joseph A. Turek (Chair, Pres. & COO); Jim Mayer (Interim CEO); Jeff Figlewicz (CFO); Gary L. Castagna (Dir.); Bruce K. Nelson (Dir.); Glenn A. Norem (Dir.)
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Auditor:
McGladrey & Pullen LLP
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Securities:
Common Stock-Symbol MWAV; Nasdaq;
1,813,150 common shares outstanding as of November 14, 2007.
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