PCTEL, Inc. - PCTI STOCK NEWS

PCTEL, Inc. (Nasdaq: PCTI) reported a revenue increase of 27.3% year-over-year, totaling $22.5 million for Q1 2022. However, gross profit margin decreased to 41.4% from 47.1% in Q1 2021, attributed to a higher mix of antennas and Industrial IoT devices. The GAAP net loss per diluted share widened to $0.09, compared to $0.04 in the same quarter last year. Non-GAAP net income rose to $0.02 per share, up from $0.01. The company maintains $27.7 million in cash and investments against $0.1 million in debt.

PCTEL, Inc. (PCTI) is set to release its first quarter 2022 financial results on May 10, 2022, followed by an earnings conference call at 4:30 p.m. ET. CEO David Neumann and CFO Kevin McGowan will be present to discuss the results. Investors can join the call by calling (877) 545-0523 or accessing the webcast at PCTEL's investor events page. A replay will be available for two weeks after the call.

PCTEL, Inc. (PCTI) has declared a quarterly dividend of $0.055 per share, scheduled for payment on May 13, 2022, to shareholders of record by May 6, 2022. The company indicates that these payments will qualify as a return of capital for U.S. income tax purposes. Further details can be found in IRS Form 8937 available on their website.

PCTEL announced a strategic alliance with Stargent IoT to deliver end-to-end remote monitoring solutions for various applications including air quality and temperature detection. This partnership aims to enhance PCTEL's presence in the Industrial IoT sector by combining their sensor technology with Stargent IoT's software platform. The collaboration is expected to facilitate the launch of easily deployable IoT solutions, further driving innovation in smart manufacturing and asset tracking.

PCTEL, Inc. (NASDAQ: PCTI) has launched an automated uplink testing feature for its public safety network testing solution. This innovation allows for reliable indoor uplink testing without the need for a second technician, enhancing communication for first responders in emergencies. The solution measures uplink signal quality for P25 public safety radio networks and other Land Mobile Radio technologies. PCTEL's offerings align with NFPA and IFC standards, aiming for greater compliance in local jurisdictions. The solution will be showcased at IWCE in Las Vegas, March 23-24.

PCTEL, Inc. (Nasdaq: PCTI) reported Q4 and full-year results for 2021, with Q4 revenue at $26.0 million, a 22.8% increase year-over-year, and annual revenue at $87.8 million, up 13.4%. Antennas and Industrial IoT products saw a 24.7% revenue rise, while test and measurement products decreased by 6.8%. Gross profit margin declined to 45.9% in Q4 and 46.1% for the year, down from 50.1% and 49.0% respectively in 2020. Net income per diluted share was $0.02 in Q4 and $0.01 for the year. Cash and investments decreased to $30.8 million with minimal debt.

PCTEL, Inc. (PCTI) will release its fourth quarter 2021 financial results on February 24, 2022, followed by an earnings conference call at 4:30 p.m. ET. CEO David Neumann and CFO Kevin McGowan will present. The call can be accessed at (888) 506-0062 for the U.S. and Canada, or (973) 528-0011 internationally, with an access code of 546427. A replay will be available for two weeks post-call. PCTEL is recognized for its wireless technology solutions, serving various industries for over 25 years.

PCTEL, Inc. (PCTI) has declared a quarterly dividend of $0.055 per share, set to be paid on February 15, 2022, to shareholders of record by February 8, 2022. The company views these payments as a return of capital for U.S. tax purposes. This dividend announcement reflects PCTEL's commitment to returning value to its shareholders while maintaining a strong financial position.

PCTEL (PCTI), a leader in wireless technology, announced that Marubun, its Master Distributor in Japan, has added the Gflex™ scanning receiver to its offerings. This device enhances testing efficiency for 2G-5G networks by allowing evaluations with a single unit, addressing the needs of the evolving 5G landscape in Japan. Marubun, equipped with demonstration units and dedicated to customer support, aims to facilitate Private 5G rollouts and other applications in collaboration with PCTEL.