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Westell has launched the ProtectLink series, featuring UHF & VHF Bi-Directional Amplifiers (BDAs) for enhanced emergency responder communications. These systems ensure reliable in-building coverage, complying with NFPA and IFC standards. Scheduled for general availability in May 2022, the BDAs boast flexible configurations, intelligent management, and a user-friendly interface. Designed for first responders and commercial sectors, the ProtectLink series aims to optimize communication resources while supporting stringent regulatory requirements. The products will be showcased at the IWCE and NFPA conferences in 2022.
Westell Technologies announces the launch of the RMM-300 Alarm Migration Unit, designed to simplify the migration of environmental alarms for cellular carriers transitioning from CDMA to 4G or 5G equipment. This unit eliminates the need for future re-homing of alarms, ensuring reliability as cellular technology evolves. The RMM-300 features a compact design with 40 onboard I/O connections, Ethernet support, and a modern UI for easy configuration. Shipping today, it aims to reduce labor costs during monitoring equipment upgrades.
Westell Technologies, Inc. has launched the ProtectLink™ BDA, a new series of Public Safety Bi-Directional Amplifiers that comply with the UL2524 standards for emergency communication systems. The ProtectLink™ BDAs enhance in-building wireless coverage for first responders, aligning with NFPA and IFC codes. It features a dual band 700-800MHz option and supports both Class A and Class B modes, with advanced features like Intelligent Oscillation Management. The product lineup is now available through Westell’s distributor partners.
Westell Technologies (NASDAQ: WSTL) reported a revenue increase of $1.2 million in FY21 Q1, totaling $7.4 million, compared to $6.2 million in FY20 Q4.
Gross margins also improved to 38.7%, up from 32.8%. Operating expenses decreased to $3.8 million, down from $4.9 million, leading to a reduced net loss of $0.05 per share.
New product revenue from the Crossfire Cellular DAS system was reported at nearly $0.2 million, with additional shipments expected in Q2. Cash reserves rose to $21.9 million.
Westell Technologies (NASDAQ: WSTL) announced on July 28, 2020, that it has regained compliance with NASDAQ's minimum $1.00 bid price requirement for continued listing. The company achieved this as its stock closed at or above $1.00 for ten consecutive business days. Furthermore, Westell will not hold a quarterly investor call in August 2020 due to an upcoming reverse/forward stock split, with quarterly results expected to be reported around August 14, 2020.
Westell Technologies (WSTL) has launched new Enhanced Public Safety Class B Signal Boosters, compliant with the UL 2524 Standard for in-building emergency communications systems. These signal boosters aim to address communication challenges faced in modern buildings due to RF signal obstruction by energy-efficient materials. Key features include a built-in alarm annunciator and intelligent oscillation management. Orders are now being accepted for immediate availability, enhancing the public safety wireless communication infrastructure.
Westell Technologies (NASDAQ: WSTL) announced a proposed reverse/forward stock split of its Class A and B Common Stock, with a 1-for-1,000 split planned. This move aims to terminate public reporting obligations and delist from NASDAQ. Shareholders with fewer than 1,000 shares will receive $1.48 per share for their fractional holdings. The transaction, expected to finalize after the Annual Meeting in September 2020, requires majority approval from stockholders. Directors plan to vote in favor, anticipating streamlined operations and reduced costs.
Westell Technologies, Inc. (NASDAQ: WSTL) reported financial results for Q4 and FY20, concluding on March 31, 2020. Q4 revenue dropped to $6.2M from $7.2M in Q3, influenced by the COVID-19 pandemic, with a net loss of $2.8M and EPS at ($0.18). The In-Building Wireless segment faced a revenue decline of 18.3%, while the Intelligent Site Management segment also saw decreased sales across product lines. The company aims to enhance revenue through new product developments in in-building wireless and rural broadband.
Westell Technologies (NASDAQ: WSTL) will host its fiscal 2020 Q4 earnings conference call on June 18, 2020, at 8:30 a.m. CT. Earnings results for the quarter ending March 31, 2020 will be released on June 17, 2020, after market close. Participants can register online or via telephone. A digital recording will be available for replay on Westell's website by approximately 11 a.m. CT post-call. Westell is known for high-performance network infrastructure solutions aimed at enhancing service provider performance and reducing costs.
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