PCTEL, Inc. - PCTI STOCK NEWS

PCTEL, Inc. has launched the first automated uplink drive and walk testing system for P25 public safety radio networks, addressing critical uplink signal quality issues. The innovative solution enables radio network managers to reliably measure uplink channels, enhancing communications for emergency services. Integrated with SeeHawk® Touch software, it combines uplink and downlink data into comprehensive reports. This feature will be demonstrated at the IWCE expo and is set for release in April 2023 as a software update for current users with support agreements.

PCTEL reported 2022 revenues of $99.4 million, reflecting a 13.2% increase year-over-year. In Q4 2022, revenues reached $25.9 million, with a GAAP gross profit margin of 50.3% and net income of $2.1 million (or $0.11 per diluted share). Adjusted EBITDA for the year grew 26.8% to $10.7 million, with strong performance in Test & Measurement products. While the antennas and IIoT revenue fell 14.2% due to high customer inventory, overall gross margin remained stable. For Q1 2023, PCTEL forecasts revenues between $22.0 million and $23.0 million.

PCTEL, Inc. (PCTI), a global provider of wireless technology, is set to release its fourth quarter 2022 financial results on March 7, 2023, followed by an earnings conference call at 4:30 p.m. ET. CEO David Neumann and CFO Kevin McGowan will present the results. Investors can join the call by dialing (888) 506-0062 in the U.S. or (973) 528-0011 internationally, with access code 209567. A webcast will also be available, and a replay will be accessible for two weeks after the call. PCTEL is known for its wireless connectivity products, including Industrial IoT devices, antennas, and testing solutions.

PCTEL, Inc. (PCTI) has launched its new VerStack omnidirectional antenna platform, designed for enhancing rail communications and Industrial Internet of Things (IIoT) applications. This platform features advanced 5G and GNSS vertically stacked antennas, built with UV-resistant fiberglass for durability in harsh environments. The antennas ensure secure communication between trains and wayside locations, improving safety and maintenance monitoring. With easy installation and available configurations of 3:1 and 5:1, the VerStack platform is positioned to meet the connectivity needs of critical rail applications.

PCTEL, Inc. (NASDAQ: PCTI) has declared a quarterly dividend of $0.055 per share on its common stock, payable on February 15, 2023, to shareholders of record as of February 8, 2023. This dividend is viewed as a return of capital for U.S. income tax purposes. PCTEL specializes in wireless technology solutions including Industrial IoT devices and antenna systems, serving the market for over 25 years. For further details on the dividend, the IRS Form 8937 can be accessed through their website.

PCTEL reported a 16% year-over-year revenue increase to $26.0 million for Q3 2022, accompanied by a GAAP gross profit margin of 45.9%. The company achieved a net income of $2.0 million, or $0.11 per diluted share. Non-GAAP metrics showed a net income of $2.6 million and adjusted EBITDA up by 41% to $3.3 million. The launch of a new antenna product and FCC certification for an IoT radio module are key innovations. For Q4 2022, PCTEL anticipates revenues between $25.5 million and $26.5 million.

PCTEL, Inc. has announced a significant update to its SeeHawk™ Central platform, designed to enhance public safety communications for first responders. This upgrade provides features that simplify the management and tracking of in-building coverage tests, required for occupancy permits. Key tools include a streamlined reporting interface, support for additional data types, and automatic notifications for re-testing. The platform will be available in November 2022, with a promotional offer of a FREE 6-month subscription with certain purchases, enabling broader access for public safety officials.

PCTEL, Inc. (PCTI) has declared a quarterly dividend of $0.055 per share, scheduled for payment on November 15, 2022. Shareholders recorded by the close of business on November 8, 2022 will receive this dividend. The company states that the 2022 dividend payments will count as a return of capital for U.S. tax purposes. For further details, IRS Form 8937 is available on PCTEL's website.

PCTEL, a leading provider of wireless technology, plans to unveil its third quarter 2022 financial results on November 3, 2022. The earnings conference call, featuring CEO David Neumann and CFO Kevin McGowan, will take place at 4:30 p.m. ET. Investors can join the call via phone or access the webcast on the company's investor relations website. The financial results are critical as they reflect the company’s performance in the wireless connectivity solutions market.