{"id":26119,"date":"2014-06-17T12:33:40","date_gmt":"2014-06-17T16:33:40","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=26119"},"modified":"2014-06-17T12:33:40","modified_gmt":"2014-06-17T16:33:40","slug":"straight-path-communications-inc-nysemktstrp-reports-rise-in-revenues","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/straight-path-communications-inc-nysemktstrp-reports-rise-in-revenues-26119","title":{"rendered":"Straight Path Communications Inc (NYSEMKT:STRP): Reports Rise In Revenues"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/17\/2014 (wallstreetpr) \u2013\u00a0<b>Straight Path Communications Inc (NYSEMKT:STRP) <\/b>came up with its third quarter fiscal results for the period ended on April 30,2014.The company reported the total revenues at $913,000 as compared to the total revenues of $454,000 in the second quarter. The main thing to be noted here is that the company is continuously showing stable growth in its revenues figures from last three quarters. In the first quarter, it was $127,000 in the second quarter it posted $454,000 and now in the third quarter the revenues came at $913,000. The company&#8217;s stock price is trading near the 52 week high after the results.<\/p>\n<p style=\"text-align: justify;\"><b>The financial numbers<\/b><\/p>\n<p style=\"text-align: justify;\">Straight Path Communications Inc (NYSEMKT:STRP)\u00a0reported the total costs and expenses at $1.1 million as compared to the $1.3 million in the second quarter. Again the same trend was seen in the total costs and expenses that declined by quarter on quarter.\u00a0 The cash and cash equivalents as of April 30, 2014 came at $15.6 million.\u00a0 The company disclosed the total license and settlements figure at $12.3 million for the first three quarters of fiscal 2014. It had acquired confidential license and the settlement agreements with <b>Sony Corp (ADR) (NYSE:SNE)<\/b> and <b>Google Inc (NASDAQ:GOOGL)<\/b>. The company has also added three more licenses in the quarter four. The total number of licenses acquired reaches seven in the year 2014. It will also make a strategic relationship with SAF Tehnika. The company is also a member of the advisory board of NYU wireless.<\/p>\n<p style=\"text-align: justify;\"><b>The future ahead<\/b><\/p>\n<p style=\"text-align: justify;\">Straight Path Communications Inc (NYSEMKT:STRP)\u00a0has got a stronghold in the form of its portfolio wireless spectrum in the entire US.\u00a0 It has also got the strength in its services in the intellectual property portfolio.\u00a0\u00a0 The company has spectrum assets and is using it wisely as a compelling option for the customers. It will continue to focus on its nationwide spectrum assets to meet the wireless communication needs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/17\/2014 (wallstreetpr) \u2013\u00a0Straight Path Communications Inc (NYSEMKT:STRP) came up with its third quarter fiscal results for the period ended on April 30,2014.The company [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[6332,6333,1634,7379,4341,7378],"stock_ticker":[],"class_list":["post-26119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-google-inc-nasdaqgoogl","tag-nasdaqgoogl","tag-nysesne","tag-nysemktstrp","tag-sony-corp-adr-nysesne","tag-straight-path-communications-inc-nysemktstrp","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Straight Path Communications Inc (NYSEMKT:STRP): Reports Rise In 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