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 announced shareholder approval for the sale of its RF Components product group, Microlab LLC, to RF Industries, Inc. at a special meeting held on February 25, 2022. With over 82.5% voting in favor, the sale is expected to close shortly. CEO Tim Whelan expressed optimism regarding the transaction's potential to accelerate operational evolution, as the company reorganizes into two segments: T&M and RBS, led by Alfred Rodriguez and Dan Monopoli, respectively. Chairman Alan Bazaar highlighted this transformation as a step towards enhancing shareholder value.
Wireless Telecom Group (WTT) announced a partnership between its CommAgility brand and GENEViSiO to develop 5G Open RAN Distributed Unit products. This collaboration aims to provide mobile operators with cost-effective and high-performance solutions, utilizing CommAgility’s 5G New Radio software on GENEViSiO's PAC-010 DU Inline Accelerator card. The PAC-010 features a PCIe form factor that enhances deployment efficiency. Both companies plan to showcase these advancements at MWC Barcelona 2022, targeting various global applications in advanced telecommunications.
Wireless Telecom Group (WTT) announced its participation at MWC Barcelona 2022, showcasing cutting-edge products for 5G, Open RAN, and LTE applications. Key highlights include the 5G small cell SC-RF2-5Gn78 reference board, O-RAN DU PCI-e board, and various LTE reference boards. Senior VP Edward Young emphasized the company's expertise in hardware and software for high-performance global applications. The event, occurring from February 28 to March 3, 2022, is set to attract over 1,500 exhibitors and attendees from 150 countries.
Wireless Telecom Group (NYSE American: WTT) announced strong preliminary revenue figures for Q4 and FY 2021. Q4 revenues reached approximately $13.1 million, up 26.4% year-over-year, while total 2021 revenues are projected to hit $49.2 million, marking an 18.0% increase. Notably, the Test & Measurement (T&M) and Radio, Baseband, and Software (RBS) divisions saw revenue growth of 31% and bookings up by 11.7%. Following the planned sale of its Microlab business, WTT anticipates being debt-free with around $17 million in cash, positioning itself for future growth.
HFCL Limited and Wireless Telecom Group, Inc. (WTT) have partnered for the deployment of 5G indoor small cells using CommAgility's advanced software. The collaboration aims to enhance 5G infrastructure across various sectors. HFCL is investing in a comprehensive 5G product portfolio, including small cells and routers. The implementation ensures flexibility and innovation, enabling HFCL to meet evolving market demands. CommAgility’s software, optimized for NXP's platforms, is set to provide critical support for the company's 5G initiatives.
Wireless Telecom Group, Inc. (WTT) announces its CommAgility brand has joined a consortium awarded UK government funding for a 5G infrastructure project, enhancing Open RAN technologies. The consortium, led by ADVA Optical Networking, includes notable partners like British Telecom and the University of York. The initiative aims to evolve distributed units (DU) for improved efficiency and reduced power consumption. This project aligns with the UK's goal of having 35% of mobile network traffic on open RAN architectures by 2030, showcasing a significant step forward in 5G deployment.
Wireless Telecom Group announced a definitive agreement to sell its Microlab LLC radio frequency components business to RF Industries for $24.25 million. This transaction aims to enhance Wireless Telecom's focus on its test and measurement and 5G solutions, with a projected $17 million in cash and cash equivalents post-sale. CEO Tim Whelan emphasized that the sale supports a debt-free structure and positions the company for long-term growth in high-margin sectors.
Wireless Telecom Group, Inc. reported third-quarter 2021 net revenues of $12.8 million, an 18% increase from last year, with a gross profit of $6.5 million and a gross profit margin of 51%. The operating loss was $549,000, reflecting a $1 million loss on contingent considerations. A net loss of $187,000 was reported, an improvement from last year’s loss of $775,000. The company reduced net debt to $3.2 million, a 47% decrease. New orders matched revenues, maintaining a backlog of $12.7 million.
Wireless Telecom Group (NYSE American: WTT) has announced that SmartSky Networks has chosen CommAgility's advanced telecommunications software for its innovative air-to-ground (ATG) network. This software suite supports SmartSky's Aircraft Base Radio, enabling broadband inflight connectivity. CommAgility has customized its solutions to address the unique challenges of in-flight communication. SmartSky's network, featuring patented beamforming technologies, promises high-speed, ultra-low latency connections, enhancing the in-flight user experience.
Wireless Telecom Group (NYSE American: WTT) announced that it will release its third quarter financial results on November 11, 2021, before market opens. The company will host a conference call at 8:30 AM EST on the same day to discuss the results. Investors can participate via phone or through a live webcast. This announcement indicates the company’s ongoing commitment to transparency with investors.
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