Welcome to our dedicated page for PCTEL news (Ticker: PCTI), a resource for investors and traders seeking the latest updates and insights on PCTEL stock.
PCTEL, Inc. (NASDAQ: PCTI) is a global leader in providing RF expertise to deliver performance-critical telecom solutions to the wireless industry. The company specializes in benchmarking and optimizing wireless networks through its advanced data tools, engineering services, and RF products. PCTEL’s innovative solutions are essential for a variety of sectors, including SCADA, fleet management, healthcare, public safety, and education.
PCTEL offers a range of performance-critical products such as the MXflex®, IBflex®, and EXflex® scanning receivers. Accompanying these products are robust software tools like SeeHawk® Touch, SeeHawk® Collect, and SeeWave™, which enhance the performance of wireless networks worldwide. Additionally, PCTEL's comprehensive engineering services leverage these hardware and software tools along with the SeeHawk™ Analytics portfolio, which includes Network Analytics, Subscriber Analytics, Map Analytics, and Business Intelligence.
The company’s Connected Solutions™ division specializes in designing and delivering performance-critical antennas and site solutions for both public and private wireless networks. These solutions have a broad array of applications, ensuring reliable and high-performance connectivity across different industries.
Recent achievements include partnerships and collaborations that have fortified its market position and expanded its service offerings. PCTEL continues to innovate and adapt its product line to meet the evolving needs of the wireless industry, ensuring top-tier performance and reliability.
With its headquarters in Bloomingdale, Illinois, PCTEL remains committed to improving wireless network performance globally, making significant strides in technology and engineering to support the ever-growing demands of connectivity.
PCTEL, Inc. (NASDAQ: PCTI) has launched its new Medallion™ II antenna platform designed for industrial IoT applications. This low-profile antenna features optimized multiband capabilities suitable for cabinet mounting, ensuring reliable data transmission in complex industrial environments. The platform includes two 5G FR1 ready ports and an optional dual band 2.4/5 GHz port for WiFi. PCTEL aims to address the challenges faced by industrial IoT systems globally with this advanced technology.
PCTEL, Inc. (PCTI), a global leader in wireless technology, announced that CEO David Neumann and CFO Kevin McGowan will present at the Southwest IDEAS Investor Conference on November 17, 2021, at 11:00 AM CT in Dallas, Texas. The presentation will be accessible via webcast on the conference's website and PCTEL's investor relations page. The IDEAS Conferences aim to provide independent platforms for investment professionals to engage with quality companies. PCTEL specializes in Industrial IoT devices, antenna systems, and test and measurement solutions.
PCTEL, Inc. (Nasdaq: PCTI) reported third-quarter results for the period ending September 30, 2021. Revenue reached $22.4 million, reflecting an 18.4% increase year-over-year and a sequential growth of $0.7 million. However, gross profit margin declined to 45.8% from 50.6% in the previous year. GAAP net income per diluted share was $0.04, down from $0.06 a year prior. The company holds $32.5 million in cash and investments, down from $41.0 million at year-end 2020. Despite supply chain challenges, demand for 5G and IoT products remains robust.
PCTEL, a global provider of wireless technology, announced a quarterly dividend of $0.055 per share on its common stock. This dividend is payable on November 15, 2021 to shareholders of record by November 8, 2021. The company asserts that the dividend payments in 2021 will be considered a return of capital for U.S. income tax purposes. For additional information, shareholders can refer to the IRS Form 8937 on PCTEL's website.
PCTEL, a global provider of wireless technology, will announce its third quarter 2021 financial results on November 4, 2021. Following the release, an earnings conference call will be held at 4:30 p.m. Eastern Time, featuring CEO David Neumann and CFO Kevin McGowan. The call can be accessed by phone or webcast, with a replay available for two weeks. For over 25 years, PCTEL has provided innovative solutions including Industrial IoT devices and test and measurement solutions.
PCTEL, Inc. (PCTI) has launched the Gflex™ scanning receiver, designed for advanced 5G network testing. This next-generation tool measures up to 120 channels simultaneously and supports full 5G bandwidth as outlined in the 3GPP release 17 specification. Gflex enhances efficiency in testing both 5G and 4G networks with zero performance degradation and adapts to increasing demands in network complexity. Expected to ship by the end of 2021, Gflex aims to expand PCTEL's reach into government applications and various market segments.
PCTEL, Inc. (PCTI) has launched the Trooper™ Max 5G FR1 antenna platform aimed at Intelligent Transportation and Public Safety applications. This new, low-profile antenna is designed for multiband capabilities, supporting 600 MHz to 6 GHz frequencies as well as Wi-Fi 6. With options for Land Mobile Radio (LMR) connectivity, it’s tailored for modern Public Safety fleets. PCTEL emphasizes that the Trooper Max addresses the increasing complexities of communication systems, enhancing wireless connectivity for voice, video, and data links.
PCTEL, a global leader in wireless technology, announced participation in the virtual Midwest IDEAS Investor Conference on August 25, 2021. CEO David Neumann and CFO Kevin McGowan will present at 7:00 am CDT. The presentation will be available to registered attendees through the conference website, www.IDEASconferences.com, alongside a webcast accessible via PCTEL's investor relations page. IDEAS Conferences focus on providing quality investment opportunities, sponsored by various investment firms managing over $200 billion in assets.
PCTEL (Nasdaq: PCTI) has entered a distribution agreement with Master Electronics to enhance its antenna business within the Industrial IoT market. This strategic partnership aims to leverage PCTEL's robust antenna portfolio and Master Electronics' customer relationships to drive growth in this high-demand sector. Both parties expressed enthusiasm about the collaboration, anticipating new opportunities in next-generation wireless solutions including 5G and IIoT.
PCTEL, Inc. (Nasdaq: PCTI) reported Q2 2021 revenue of $21.7 million, up 9.3% year-over-year and $4.0 million higher than Q1 2021. The company's gross profit margin was 45.9%, decreasing by 2.1% from Q2 2020, mainly due to a higher mix of antennas and Industrial IoT devices. GAAP net income per diluted share was ($0.01), down from $0.07 in Q2 2020. Non-GAAP net income per diluted share was $0.07, lower than $0.11 a year ago. PCTEL has $33.4 million in cash and investments, down from $41.0 million at year-end 2020.
CEO David Neumann highlighted stable antenna business performance and the ongoing strength in test and measurement products due to 5G deployments.
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