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Small-Cap Tech Stocks: 2 Winners, 2 Losers So Far in 2013

This wild year has been fun for some, flat-out awful for others

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Loser: Powerwave Technologies

Powerwave OTCMKTS:PWAVQYTD Return: -96%

On its website, Powerwave Technologies (PWAVQ) claims that it is a “global leader in end-to-end wireless coverage and capacity solutions,” and that it has “cutting edge” products for antennas, base stations and coverage systems.

Too bad that hasn’t translated into a decent business.

During the first nine months of 2012, revenues collapsed by about two-thirds to $128 million, and its loss ballooned from $35 million to $153 million.

As a result, Powerwave had no choice but to file for Chapter 11 bankruptcy in January, and it recently had to drop its case down to a Chapter 7 liquidation after an asset sale came up well short of expectations.

Article printed from InvestorPlace Media,

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