Welcome to our dedicated page for Wireless Telecom Group news (Ticker: WTT), a resource for investors and traders seeking the latest updates and insights on Wireless Telecom Group stock.
Wireless Telecom Group, Inc. (WTT) is a leading global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. The company, comprising Boonton Electronics, CommAgility, Microlab, and Noisecom, serves a wide array of industries including wireless, telecommunication, satellite, military, aerospace, semiconductor, and medical.
Wireless Telecom Group's products enable innovation across traditional and emerging wireless technologies. Their high-performance offerings include peak power meters, signal analyzers, signal processing modules, LTE PHY and stack software, power splitters and combiners, GPS repeaters, public safety monitors, noise sources, and programmable noise generators.
With a strong focus on supporting the development, testing, and deployment of wireless technologies, Wireless Telecom Group has made significant strides in recent years. They have expanded their product lines and enhanced their technological capabilities to meet the evolving needs of their diverse customer base.
Financially, the company has maintained a stable condition, demonstrating resilience and adaptability in a competitive market. Strategic partnerships and collaborations have bolstered their market presence, positioning them as a trusted partner in the industries they serve.
For more information or to contact Wireless Telecom Group, Inc., visit their website or reach out via the provided contact details:
- Michael Kandell, Investor Contact, 25 Eastmans Road, Parsippany, NJ 07054, Tel: (973) 386-9696, Fax: (973) 386-9191
- Maria Droge, Marketing Contact, Tel: (973) 386-9696
Wireless Telecom Group (WTT) will showcase its latest technologies at IMS 2022 from June 21-23 in Denver, Colorado. The company will demonstrate advanced products for RF, microwave, and 5G testing. Highlights include Boonton RF power sensors with 100,000 measurements per second and innovative signal generation solutions. Two technical sessions will focus on 5G network design and cost-effective test solutions. The company aims to emphasize its expertise in high-performance applications, enhancing its visibility within the wireless communication industry.
Wireless Telecom Group has launched the NGX1000 Programmable Noise Generator, enhancing its Boonton brand portfolio. This innovative device provides RF and microwave noise generation for testing communications systems, covering a frequency range of 10 MHz to 3 GHz. The NGX1000 features a user-friendly touch screen interface and is designed for various industries, including semiconductor, military, and aerospace. It will be showcased at the IMS event in Denver from June 21-23, 2022, with availability later this year.
Wireless Telecom Group (NYSE American: WTT) has launched the SC-RF4-5Gn78, a new four-channel small cell platform designed for high-performance 5G applications. This standalone gNodeB platform is tailored for indoor use, featuring four RF channels with up to 100 MHz bandwidth each, enabling high data rates and fulfilling 4x4 MIMO downlink requirements. CommAgility’s platform integrates advanced software and hardware, significantly reducing development risks. The solution is customizable, allowing modifications for specific customer needs, streamlining 5G application deployment.
Wireless Telecom Group, Inc. (WTT) announced a $4 million share repurchase program, authorized by its Board of Directors, aimed at enhancing shareholder value. This amount represents about 11% of the company's current market capitalization. The repurchase program is set to expire on December 31, 2022. CEO Tim Whelan emphasized the company's strong balance sheet and commitment to returning excess capital while supporting growth initiatives. Repurchase transactions may occur through various methods in accordance with applicable federal securities laws.
Wireless Telecom Group (WTT) reported Q1 2022 results showing revenue of $7.6 million, down from $8.2 million year-over-year. The company completed the sale of Microlab for $24.25 million, improving cash on hand to $19.1 million. Test & Measurement revenues grew 13.7% year-over-year to $6.1 million. However, the GAAP net loss increased to $(1.5) million from $(475,000) in the prior year. Non-GAAP adjusted EBITDA also fell to $(70,000) compared to $357,000 last year. Despite challenges, the company expects growth in the second half of 2022, driven by new contracts and operational adjustments.
Wireless Telecom Group (NYSE American: WTT) announced it will release its financial results for Q1 2022 on May 11, 2022, before market opening. A conference call is scheduled for the same day at 8:30 am EDT to discuss the results. Interested participants can join by calling 800-346-7359 or 973-528-0008, and the identification number is 818215. The call will also be webcast live and a replay will be available on the company's website.
Wireless Telecom Group (NYSE: WTT) reported strong financial results for the year ended December 31, 2021, with net revenues reaching $49.2 million, a 18% increase year-over-year. The gross profit was $25.1 million, accounting for 50.9% of revenue, and net income improved to $1.5 million from a loss of $8.1 million the previous year. Adjusted EBITDA rose to $3.7 million, up from $1.8 million. The company also saw a 30% increase in backlog, totaling $9.2 million, signaling positive growth prospects.
Wireless Telecom Group (WTT) will showcase innovative solutions for satellite communications at SATELLITE 2022 in Washington, D.C., from March 21 to 24, 2022. The presentations will highlight testing methods for overcoming RF interference challenges posed by the rising number of low Earth orbit satellites. Key demonstrations include signal generation and noise generation to assess satellite system resilience. Industry experts emphasize the importance of 5G TDD for effective satellite communications, revealing how rapid signal switching can enhance network reliability.
Wireless Telecom Group (NYSE American: WTT) will release its Q4 and full year 2021 financial results on March 17, 2022, before the market opens. A conference call will take place on the same day at 8:30 am EDT to discuss these results, with participation available via phone or webcast. This announcement highlights the company's ongoing commitment to transparency and investor engagement.
Wireless Telecom Group (NYSE American: WTT) has completed the sale of Microlab to RF Industries, effective March 1, 2022. CEO Tim Whelan emphasized this marks a transformative move for the company, enhancing its competitive position in the Test & Measurement and Radio, Baseband, and Software segments. In 2021, these segments collectively earned $31.5 million in revenue, with significant year-over-year growth in revenue (30.8%), bookings (12.7%), and backlog (30.4%). The company has also repaid its Term Loan Facility, improving its liquidity and balance sheet.
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