PCTEL, Inc. - PCTI STOCK NEWS

PCTEL, Inc. (Nasdaq: PCTI) has declared a quarterly dividend of $0.055 per share on its common stock, payable on August 13, 2021, to shareholders of record as of August 6, 2021. This dividend is expected to be recognized as a return of capital for U.S. income tax purposes. PCTEL is recognized for providing wireless technology solutions, including Industrial IoT devices, antenna systems, and test and measurement solutions.

PCTEL, a global leader in wireless technology, has launched SeeHawk Central, a cloud-based platform designed for in-building critical communications network testing. This platform enables users to comply with local radio coverage requirements efficiently by automating workflows and allowing secure data uploads. SeeHawk Central supports various network types, including public safety and cellular networks, and features a user-friendly interface for reporting. It will be available as a subscription service from mid-Q3 2021, enhancing operational efficiency for customers and compliance for local authorities.

PCTEL, Inc. (Nasdaq: PCTI) has received FCC certification for its Industrial Grade IoT Access Point, the AP-WIFI-1200. This product is designed for industrial and outdoor applications, ensuring reliable connectivity in harsh environments. It features Wi-Fi 2X2 802.11ac Wave 2, Bluetooth connectivity, and a compact IP67-rated form factor. The access point is available for commercial shipping, marking a significant milestone for PCTEL's expansion in the Industrial IoT market, alongside compliance with European radio equipment directives.

PCTEL (Nasdaq: PCTI), a global leader in wireless technology, announced that CEO David Neumann and CFO Kevin McGowan will speak at the East Coast IDEAS Investor Conference on June 16, 2021. Their presentation will be available at 7:00 am CDT, accessible to registered attendees via the conference site. The IDEAS Conferences focus on providing independent venues for quality companies to present to investment professionals, with over $200 billion in assets managed by sponsors. For more details, visit www.IDEASconferences.com.

PCTEL, Inc. (Nasdaq: PCTI) reported a revenue of $17.7 million for Q1 2021, reflecting a 1.1% increase from Q1 2020. The gross profit margin improved to 47.1%, up 0.2% percentage points year-over-year. However, the GAAP net loss per diluted share remained at $0.04, consistent with the previous year. Non-GAAP net income per diluted share was ($0.00), down from $0.01 in Q1 2020. The company holds $40.6 million in cash with no debt. CEO David Neumann highlighted stability in the antenna business and strong performance in test and measurement products.

PCTEL (Nasdaq: PCTI) announced its acquisition of Smarteq Wireless AB, a prominent provider of antennas for vehicular and Industrial IoT applications. Based in Sweden, Smarteq has a strong presence in 20 countries, enhancing PCTEL's growth in Europe. The acquisition supports PCTEL’s entry into new markets like electric vehicle charging stations, which are projected for significant growth. CEO David Neumann emphasized the complementary product portfolio, aiming to leverage Smarteq’s expertise to boost product innovation and customer service.

PCTEL, Inc. (Nasdaq: PCTI) has declared a quarterly dividend of $0.055 per share, set to be paid on May 14, 2021, to shareholders recorded by May 7, 2021. This dividend is considered a return of capital for U.S. tax purposes. The company specializes in wireless technology solutions, including Industrial IoT devices, antenna systems, and test and measurement solutions. PCTEL has been trusted by customers for over 25 years, delivering innovative wireless solutions that enhance connectivity and foster growth.

PCTEL, a provider of wireless technology, has joined TCCA, the global representative organization for critical communications. The company specializes in antennas and test solutions for public safety communications, including systems like P25, TETRA, and 5G. Joining TCCA solidifies PCTEL's position in the critical communications sector, with expectations to enhance reliable connectivity for first responders. PCTEL's COO highlighted the importance of collaboration to facilitate 5G and public safety broadband advancements.

PCTEL, Inc. (Nasdaq: PCTI) announced its first quarter 2021 financial results release scheduled for May 6, 2021, followed by an earnings conference call at 4:30 p.m. ET. CEO David Neumann and CFO Kevin McGowan will participate in the call. Interested parties can access the call by phone or through a webcast. A replay will be available for two weeks. PCTEL is recognized for its wireless technology solutions, including Industrial IoT devices, antenna systems, and test and measurement solutions, serving customers for over 25 years.