NQ Mobile files 2013 annual report

NQ Mobile Inc. (NYSE: NQ) said that it filed its annual report for the year ended December 31, 2013 on Form 20-F with the U.S. Securities and Exchange Commission.

The annual report on Form 20-F, which contains the unqualified audited financial statements for the three years ended December 31, 2013, can be accessed and downloaded through the investor relations section of the Company´s website at http://ir.nq.com.

The audited financial results contain no qualification and no adverse findings and are consistent with the company´s previous financial disclosures and reports. They follow an extensive review of the business and financial affairs of the company that was undertaken by several highly reputable firms, including the global law firm of Shearman & Sterling LLP. assisted by Deloitte & Touche Financial Advisory Services Limited, and Marcum Bernstein & Pinchuk LLP, the Company´s independent auditor. The audit committee of the company was further assisted in completing the audit by its counsel DLA Piper LLP and IT forensic firms Control Risks Group and Stroz Friedberg.

NQ Mobile Inc. is a leading global provider of mobile Internet services that maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information, visit http://www.nq.com.

Infinera Corporation Q3 2014 GAAP revenue beats 2013 figures

Infinera Corporation (NASDAQ: INFN) said it has released financial results for the third quarter of 2014 ended September 27, 2014.

GAAP revenue for the quarter was USD173.6 million compared to USD165.4 million in the second quarter of 2014 and USD142.0 million in the third quarter of 2013. GAAP gross margin for the quarter was 43.4 percent compared to 42.5 percent in the second quarter of 2014 and 48.1 percent in the third quarter of 2013. GAAP operating margin for the quarter was 4.3 percent compared to 4.9 percent in the second quarter of 2014 and 4.5 percent in the third quarter of 2013.

GAAP net income for the quarter was USD4.8 million, or USD0.04 per diluted share, compared to net income of USD4.8 million, or USD0.04 per diluted share, in the second quarter of 2014, and net income of USD3.3 million, or USD0.03 per diluted share, in the third quarter of 2013.

Non-GAAP gross margin for the quarter was 44.2 percent compared to 43.3 percent in the second quarter of 2014 and 49.2 percent in the third quarter of 2013. Non-GAAP operating margin for the quarter was 8.6 percent compared to 9.0 percent in the second quarter of 2014 and 9.9 percent in the third quarter of 2013.

Non-GAAP net income for the quarter was USD14.2 million, or USD0.11 per diluted share, compared to net income of USD13.5 million, or USD0.11 per diluted share, in the second quarter of 2014, and net income of USD12.8 million, or USD0.10 per diluted share, in the third quarter of 2013.

Infinera provides intelligent transport networks to help carriers exploit the increasing demand for cloud-based services and data center connectivity as they advance into the Terabit Era. For more, visit www.infinera.com.

Aware bests Q3 2013 revenue by 40%

Aware, Inc. (NASDAQ: AWRE) reported revenue for the third quarter of 2014 was USD6.0 million, an increase of 40 percent compared to USD4.3 million in the same quarter last year.

Operating income in the third quarter of 2014 was USD4.1 million compared to USD1.0 million in the third quarter of 2013. The company said the higher operating income in the current three month period was primarily due to a USD1.0 million increase in operating income from biometrics business operations and a USD2.1 million gain on the sale of patent assets pertaining to DSL diagnostic technology. The USD1.0 million increase in operating income from biometrics was driven by higher software license and service revenue, which was partially offset by higher engineering and sales expenses.

Net income in the third quarter of 2014 was USD2.6 million, or USD0.11 per diluted share, which compares to a net loss of USD1.2 million, or USD0.05 per diluted share, in the same period a year ago. Net income in the year ago quarter included a USD1.9 million loss from discontinued operations.

Aware is a leading provider of biometrics software products and development services to governments, system integrators, and solution providers globally. The company is based in Bedford, Massachusetts.